The liability of the real estate agency

Written by, Séphora Amsellem on February 8, 2018

Selected French Leaseback cases

In this case, the Supreme Court ruled that the real estate agency specialised in real estate investments breached its obligation to provide the relevant information and advices to the purchasers of a property brought through a VEFA contract (vente en l’état futur d’achèvement) and operated in a tourist residence. The agency has also been held liable for not drawing the attention of the purchasers on the potential failure of the operator to operate the residence as well as on the potential non payment of the rent. 

(Supreme, civ 3rd. , 8 February 2018, n° 17-11051)