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Placing payments made on deposit

Compulsory purchase and purchase pursuant to a pre-emption right are complex procedures.

When the payment of the sale price to the owner gives rise to difficulties, it may be necessary to place the price of the purchased asset on deposit until the dispute is resolved.

  • Where is the deposit made?

    • Placing money on deposit means handing over a sum of money.

    • The payment is made at any of the branches of the Caisse des Dépôts in local government finance offices and revenue offices, or at the branch at the head office of the Caisse des Dépôts et Consignations [Deposit and Consignment Office].

  • What are the effects of placing the money on deposit?

    • The payment or deposit enables the beneficiary of the compulsory purchase or the holder of the pre-emption right to take possession of the asset to which title has already been transferred.

    • It should be noted that when an item has been purchased pursuant to a right of pre-emption, if the purchase price is held on deposit for six months, the seller may require the asset to be returned to them during this time.

  • Which procedure must be followed?

    • Whether you are a private individual or the representative of a local authority, do not hesitate to consult your notaire

    • They can advise you and will explain all of the procedures involved. They will also attempt to find a solution if the negotiations have reached an impasse. This is often due to the fact that there is no intermediary. Your notaire can play this role: they will listen to both sides and then suggest an appropriate, satisfactory solution.