OPTION PROVIDED FOR CERTAIN REAL ESTATE RENTALS - TEMPORARY INTERRUPTION OF THE RENTAL

The temporary interruption of the rental before the expiry date of the option provided by Article no.194 of Appendix II of the French General Tax Code does not automatically imply that the exercised option is made null and void, the latter, as it has not been terminated by the taxpayer, having been renewed by tacit agreement at the end of the option period (C.A.A. Paris, December 19, 1995, no.94-990, 2nd ch., Societe patrimoniale d'etudes superieures et techniques; RJF 5/96, no.570).

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be brought about your specific circumstances.

For additional information contact Claire Acard on 33/(1)/55 61 10 10, Lionel Benant on 33/78.63.72.35, Joel Fischer on 33/78.63.72.58, or Laurent Borey on 33/(1).55 61 10 10 or enter text search: "ARCHIBALD ANDERSEN Profile".

The members of ARCHIBALD ANDERSEN Association d'Avocats (S.G. Archibald and Arthur Andersen International) are registered with the Hauts-de-Seine Bar and the Lyon Bar.