FAQ propriétaire

What apartment owners in Paris want to know about renting out their furnished apartments:

Who are your services aimed at?

A ParisRental representative will meet with you to visit your apartment. The following services will be provided during this meeting:

An estimated rental price based on the current market and the quality of amenities
Advice on how to furnish the apartment, if necessary
An introduction to a diagnostic professional, if necessary

You've decided to rent with ParisRental and have signed your non-exclusive rental agreement. Now, the following will be provided:

Photos of your apartment taken by a professional photographer*
A secured key exchange - this makes apartment visits more convenient for traveling owners
Your apartment will showcased on ParisRental.com
Creation of your personal ParisRental account
Access to the newsletter edited by the founder of ParisRental, Claire de Circourt

* photos are not taken with a wide angle lens to provide potential tenants an accurate impression of the apartment

A Paris Rental representative will contact you to organize accompanied visits for each potential tenant:

A follow up phone or email report will be made after each visit. Or you can access these reports directly via your Owner's Corner account on Parisrental.com
When a client is interested in renting your apartment, ParisRental will call you and send along their profile and guarantees
A draft contract will be sent to you. Once you and your tenant are in agreement regarding the contract terms, a signatory meeting will be set up unless you prefer an electronic signature via DocuSign.
A walkthrough will be conducted, either:
- Directly between you and your renter
- By a bailiff, payable between owner and tenant
- Through Home Management, if you are a client
- Via an independent service provider

The rent and security deposit will be handed to you at the signing or sent to you via check or a direct bank transfer.

1) The Carrez/Boutin Measurement Law

Required for all residences
Measures the floor surfaces after deducting the space allotted to walls, partitions, stairs and elevator shafts, doorways and windows. Any areas with a height lower than 1.80m is deducted from the surface area.
These measurements remain valid indefinitely unless construction work has been done to modify the space.

2) Asbestos Diagnostics (DAPP)

Applies to all private buildings with permits delivered before July 1st 1997.
This diagnostic evaluates building materials used for walls, insulation and false ceilings
No expiration

3) Lead Exposure Certified Report (CREP)

Applies to all living quarters built prior to 1949
All painted items on the property including outdoor items must be evaluated
Valid for 6 years if the presence of lead has been detected
No expiration date if lead is not detected

4) Energy Level Diagnostic (DPE)

Applies to all properties
Reports thermal specifications (heating, protection of hot water), energy consumption and estimated energy expenses
Valid for 10 years

5) Statement Concerning Natural, Mining and Technological Risks (ERNMT)

A statement informing tenants of potential dangers they may encounter (i.e. floods, underground mines, seismic activity, industrial, nuclear and biological risks)
This statement must be less than 6 months old at the moment of signing the lease. It stays valid for the entire rental period and its renewal.
It can be obtained for free from the local city hall or police station, magisrate's court, or, if in Paris, at the Department of Urban Affairs. It can also be obtained on the official French adminsitration site: service-public.fr

The diagnostic reports must state the the name and address of the certifying organization.

The Technical Diagnostic Report (DDT) must be provided to the renter at the lease signing.

Yes, Home Management (HM) was created to help you!

Home Management is a subsidiary of De Circourt Associates / ParisRental, and manages your furnished apartment during while it's being rented.

As soon as your new tenant has signed the lease, HM will oversee and organize the arrival and departure walkthroughs, as well as maintenance and repairs while the apartment is occupied. In addition, rent will be received and transferred to your account each month.

What are the management fees? What services are included?

8.5 % (plus VAT) of all collected sums

Services provided by HM include:

Look for a tenant with good guarantees
Organize all appointments for diagnostics
Oversee tenant check-in and check-out, including arrival and departure walkthroughs
Install utilities in the tenant's name - electricity, gas and tripleplay (Internet, phone, TV)
Make sure the tenant has signed up for home insurance
Transfer first month's rent and subsequent monthly payments to the owner
Send monthly statements and payment receipts to the tenant
Annually reassess the rent of the apartment
Pay maintenance charges to the building management company (SYNDIC)
Take care of all other expenses related to the apartment (maintenance and upkeep, property tax, etc.)
Organize mandatory annual maintenance of heating and gas equipment
Work with insurance companies to manage any issues zithin the apartment (i.e. water damage) up to 1600 € (VAT not included)
Manage the keys in case of emergency (tenant locks keys insides the apartment, etc.)
Manage security deposit until the end of the lease in order to make reasonable deductions for damage beyond normal wear and tear
Get the apartment back into shape between tenants
Prepare documents for all pertinent local rental taxes
Respond swiftly to all correspondence and phone calls concerning your apartment

To learn more about Home Management, watch our video!

Letter Templates

This letter is sent by the landlord to the tenant to give him/her proper notice that s/he plans to sell the property at the end of the lease:
This letter is for a "résidence principale"lease.

*in bold to be replaced

Name of Owner
Telephone Number

Address

Name of Tenant
Address

Objet : Fin de bail pour cause de vente du logement
Lettre RAR

A City, le Date

Madame, Monsieur,

Vous êtes locataire du logement sis apartment addresse depuis le start date of the lease. Le bail que nous avons signé arrivera donc à échéance le lease end date. Je vous informe qu’à cette date, je vous donnerai congé de ce logement afin de procéder à sa vente.

En vertu de l’article 15 II de la loi du 6 juillet 1989 -que vous trouverez ci-dessous- je vous indique que le logement et ses annexes seront vendus au prix de … €. En tant que locataire de cette habitation, vous êtes prioritaire pour acquérir ce bien pendant les deux mois à venir.

Passé ce délai, sans réponse de votre part, je considèrerai votre non-réponse comme un refus.

Article 15II de la loi du 6 juillet 1989 alinéas 1er à 5 : Lorsqu’il est fondé sur la décision de vendre le logement, le congé doit; à peine de nullité, indiquer le prix et les conditions de la vente projetée. Le congé vaut offre de vente au profit du locataire : l’offre est valable pendant les premiers mois du délai de préavis. Les dispositions de l’article 46 de la loi n°65-557 du 10 Juillet 1965 fixant le statut de la copropriété des immeubles bâtis ne sont pas applicable au congé fondé sur la décision de vendre le logement.

A l’expiration du délai de préavis, le locataire qui n’a pas accepté l’offre de vente est déchu de plein droit de tout titre d’occupation sur le local.

Le locataire qui accepte l’offre dispose, à compter de la date d’envoi de sa réponse au bailleur, d’un délai de deux mois pour la réalisation de l’acte de vente. Si, dans sa réponse, il notifie son intention de recourir à un prêt, l’acceptation par le locataire de l’offre de vente est subordonnée à l’obtention du prêt et le délai de réalisation de la vente est porté à quatre mois. Le contrat de location est prorogé jusqu’à l’expiration du délai de réalisation de la vente. Si, à l’expiration de ce délai, la vente n’a pas été réalisée, l’acceptation de l’offre de vente est nulle de plein droit et le locataire est déchu de plein droit de tout titre d’occupation.

Dans le cas où le propriétaire décide de vendre à des conditions ou à un prix plus avantageux pour l’acquéreur, le notaire doit, lorsque le bailleur n’y a pas préalablement procédé, notifier au locataire ces conditions et prix à peine de nullité de la vente. Cette notification est effectuée à l’adresse indiquée à cet effet par le locataire au bailleur ; si le locataire n’a pas fait connaître cette adresse au bailleur, la notification est effectuée à l’adresse des locaux dont la location avait été consentie. Elle vaut offre de vente au profit du locataire. Cette offre est valable pendant une durée d’un mois à compter de sa réception. L’offre qui n’a pas été acceptée dans le délai d’un mois est caduque. Le locataire qui accepte l’offre ainsi notofiée dispose, à compter de la date d’envoi de sa réponse au bailleur ou au notaire, d’un délai de deux mois pour la résiliation de l’acte de vente. Si, dans sa réponse, il notifie son intention de recourir à un prêt, l’acceptation par le locataire de l’offre de vente est subordonnée à l’obtention du prêt et le délai de réalisation de la vente est porté à quatre mois. Si, à l’expiration de ce délai, la vente n’a pas été réalisée, l’acceptation de l’offre de vente est nulle de plein droit.

Bien sincèrement,

Signature
Name

Allows a person to declare himself/herself as a Guarantor (simple or solidary) of a tenant. The letter is given to the landlord.

Your name
Telephone number
Address

Landlord Name and Address

Objet: Lettre d'engagement Caution Solidaire
Lettre recommandée avec accusé de réception

A ville, le date

[Dear ]

I, the undersigned, [surname, first name and date of birth of the person who endorses] certify that I have read the lease attached hereto and declare that I am a [joint or simple] surety for [surname, first name of the tenant] for the benefit of the landlord [surname, first name, address] of the dwelling [address of the rented accommodation]..

I have read the rent amount of [amount of rent] by [payment period]. It will be reviewed annually every [date of revision] according to the reference index of rents published by INSEE of [date of the reference period of the IRL indicated on the lease].

I agree to refund on my income and on my personal belongings the amounts due by the tenant [name and surname] in case of failure of the latter. I confirm that I am fully aware of the nature and extent of my commitment.

This commitment for a bond [simple / joint] is valid [for an indefinite period / until ...] for the payment in particular of rents (even revised), recoverable charges, degradations and rental repairs and costs of proceedings, indemnities, penalties and damages.

I also acknowledge that I have read the paragraph of article 22-1 of the law of 6 July 1989, which reads as follows: "When the bonding of obligations resulting from a lease concluded under this title does not include any indication of duration or when the duration of the bond is stipulated indefinitely, the Surety may terminate it unilaterally. The termination takes effect at the end of the lease, whether it is the initial contract or a renewed contract for which the lessor receives notice of termination.

Made in [number of parties to the act (lessor, tenant, surety, ...)] copies.

Done at [place of drafting] on [date of writing],

Your Signature

Your name

In terms of home insurance, certain criteria allow the insurer to assess the risk. This is true of the living space or the value of the furniture of a house.

In the event of a change in the risk entailed, the insurer must be notified by registered letter with acknowledgment of receipt in order that you’d be covered in the event of a claim. Upon receipt of your report of home modifications, the insurer will adjust the contract and adjust the contribution, if necessary.

Attention: if you do not declare the changes, the consequences can go from a reduction of the insurance compensation to the cancellation of the contract in case of disaster. Even if the element not declared was without influence on the disaster!

To determine whether or not there is a change in the risks involved with the modifications in your home, refer to the form filled with the insurer when you signed the policy. Keep a copy of the risk declaration form.

Your name
Phone Number
Address

Name and address of the recipient

Registered letter with receipt note

city, date

Dear,

I am insured with your company for (my home ...) under the number (reference of the contract).

Since the (date of modification of the risk), (explain precisely the modification: I did build a mezzanine, ...).

You will find attached (invoice of works, ...).

I would therefore be grateful if you would kindly inform me of the impact of this change on my contract and I remain at your disposal for any further information.

Looking forward to your reply, please accept, Madam, Sir, the expression of my best regards.

Done at [ place of drafting] on [place of writing] ,

Signature

Your name

(texte inspiré de l’INC Institut National de la Consommation)

Diagnostics

« Etat de servitude « Risques » et d’Information sur les Sols » (ESRIS) is a report on any natural or industrial risks to which the property may be prone, together with a declaration by the seller on any previous insurance claim(s) on the property relating to a natural disaster.

It is required in those communes where there a risk prevention plan (un plan de prévention des risques naturels) in place or in preparation, or in those areas classified as at risk of seismic movement.

The report must stipulate, for instance, whether or not the property is located in a flood zone, an area prone to earthquakes, major storms, avalanches, subject to ground movement, near a dangerous factory, or in proximity to major lorry routes where dangerous materials are being transported. Since July 2017 it has included a report on exposure to radon.

The report cannot be dated more than six months prior to the signing of the sale contract or lease.

Basic responsibility for providing the risk report lies with the préfecture, in collaboration with the local mairie. They will be able to provide the seller/surveyor with the standard ESRIS form, which you can find by visiting « Geo Risques ».

The landlord must also state separately whether they have previously received compensation from their insurer on a claim resulting from a natural or ‘technological’ disaster on the property, e.g. claim for subsidence, flooding, or storm damage. There should be a form to complete for this purpose.

Where the risk report is not provided a buyer has the right to seek recourse in the courts for cancellation of the sale contract, or a reduction in the sale price.

New : In those areas covered by a plan de prévention des risques or an area where, as defined by regulation, a potential radon risk is present, the buyer must be informed of the existence of the risk. This requirement has been in place since 1st July 2018.

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