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FAQ
 
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Buying

What are the fees to be paid to the notary for purchase of a property?

You must pay the following fees to the notary’s office that draws up the purchase deed: 
 
>> Notary’s fees

>> Cost of publication at the mortgage office

>> Registration duty (or “conveyance fees”) paid to the Treasury:
Rate of registration duty: 4.80 % (on the purchase amount paid for land and buildings).
  
>> Other possible costs
Costs linked to the drawing up of rural leases or the constitution of a company if done by the notary.

If you purchase a property through Safer, you are exonerated from conveyance fees.


Buying alone or with others: being a farmer and a partner in a G.F.A

If you want to set up in France with other members of your family, you could consider setting up a company known as a Groupement Foncier Agricole (G.F.A), which enables you to purchase the farm with several others.
A G.F.A comprises individuals who join together and who may be the future farmer as well as non-farming contributors of capital.
 
You each hold shares and the G.F.A. owns the property.
The G.F.A can then rent the land to you, it is subject to the status of leased property
 

Advantages of setting up a G.F.A


You facilitate take over by lightening the financial burden (profitability of your project). You may then envisage gradually buying back shares from non-farming partners.

Non-farming members of your family buy the property with you.

As a farmer you can benefit from a long-term lease through the G.F.A.: you are both the farmer and a partner in the G.F.A
 
For more information and to help you make the right choice:
Consult local legal departments or contact us and we will put you in contact with the right departments!


Tax advantages for purchases by Young Farmers

For young farmers, there is a preferential regime for conveyance duties.


Deferring purchase

There are legal forms that enable you to set up whilst deferring acquisition of the property such as “sellers-credit” (or “sale by credit”): the sale is completed on the date of signature (transfer of property takes place), but the owner has a secured debt in the official deed of sale (he has the guarantee over the property).
This is a situation that is different:
- from “rental for sale” or “leases of convenience” (rental with sale in the long term)
- leasing (contract with a company that buys the farm and rents it out to a Young Farmer, at the end of the lease, the Young Farmer purchases the farm = purchase option)


Capital contributors

In cases of take over of financially “heavy” farms, SAFER can find a capital contributor who buys and commits to renting the property to you.


 

 

Buying property with SAFER

Safer works with you in your acquisition projects.


Authorisation to farm

Whatever your project (purchase or rental of property), you must carry out the procedure with the authorities to request an authorisation to farm. Except in the specific case of purchase or rental through the intermediary of Safer.


Contact the local bodies

The information we give under this heading gives you a general framework.

For your personal project and for all additional information, it is essential to consult the local bodies and particularly the local specialised legal departments.

Contact us and we will put you in contact with the right departments!
 
Or consult the Rural Code.


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