Purchasing a property is an important step; once the contract has been signed, several steps still need to be completed to finalise the process.
We would like to remind you of the key procedures to complete after signing the deed of sale. Following these steps carefully is essential to ensure smooth handling of your file and to avoid any administrative errors.
Here is a guide to the steps to follow after the sale or purchase of a property.
Following the sale of your property
Steps the seller needs to follow
Check with your bank that your mortgage has been fully repaid using the proceeds from the sale, and then cancel your loan insurance if the mortgage has been cleared.
Inform the local property tax office of the sale to avoid receiving payment notices, although this procedure is usually handled by the notary. In the event of a capital gain, the tax will be collected by the notary. Keep all supporting documents for your tax return.
Cancel your home insurance and notify the property management company to close your service charge accounts. Ensure that all payments are up to date and obtain proof of payment for the buyer.
Also, remember to update your vehicle registration and redirect your mail to your new address.
Don’t forget to cancel your utility contracts (electricity, gas, water) and take meter readings when handing over the keys to avoid any disputes. Provide these readings to the suppliers for finalising the bills.
Remember to cancel or transfer your internet and/or telephone subscriptions if you no longer need them.
Make sure to request a temporary mail redirect to your new address to avoid missing any important documents.
Finally, if you were receiving benefits from the CAF, please inform them of the sale.
Following the acquisition of a new property
Practical guide to the administrative procedures after purchasing a new property
Inform the tax office of your acquisition to update your property tax records. If you are moving in, declare your new address. For rental properties, notify them to take advantage of tax benefits such as the Pinel Law or the LMNP status.
Joining a home insurance policy is essential for every new homeowner, often required during the notary signing, especially in shared ownership.
In some localities, declaring a change of ownership is mandatory to update local charges. If you plan to carry out any work, check the procedures for obtaining the necessary permits.
Don’t forget to contact energy suppliers to open or transfer your contracts for electricity, gas, and water.
Make sure to set up or transfer your internet and telephone services.
If you purchase a property in shared ownership, inform the property management company to receive invitations to general meetings and calls for funds.
In the case of a mortgage, follow the steps to set up the financing and ensure that your loan insurance remains valid.
Also, remember to inform your employer of your change of address so they can update your information in their records, particularly for the management of your payslips.
To avoid missing any important mail, it may be wise to request a temporary mail redirect to your new address through the postal service.
Finally, remember to notify all relevant organisations: if you receive housing benefits, inform the CAF of your acquisition. Be sure to update your details with social security, your health insurance provider, as well as for your vehicle registration and car insurance