Glossary 

 

Our glossary defines frequently used mortgage terms. Click on one of the following letters of the alphabet to locate a specific term on this page.

Preliminary sales agreement / Compromis de vente ou promesse de vente

While you wait for the final deed of sale, which is drawn up by the notary and will transfer the ownership of the property, you will need to sign a preliminary sales agreement, known in French as a “compromis de vente”. This can be drafted and witnessed by the estate agent or the notary. It is an important step and you should seek advice from your notary on the wording and conditions.
 

BNP Paribas International Buyers is a business line of BNP Paribas Personal Finance.
BNP Paribas Personal Finance - Credit institution – Société Anonyme incorporated under French law with a share capital of 453 225 976 euros - 542 097 902 RCS Paris -
Head office: 1 bd Haussmann, 75009 PARIS Insurance Intermediary (N° ORIAS : 07 023 128) Insurer(s): Cardif Assurances