Becoming a homeowner is particularly difficult in tense areas. Fortunately, there are aid mechanisms put in place by the State, under the real solidarity lease. Find out what it is, its benefits and how to take advantage of it.
What is the real solidarity lease?
The BRS real solidarity lease is a home ownership scheme created by the MACRON law on August 6, 2015 and was effective from 2017. The contract is made between an OFS solidarity land organization and a lessee (household), allowing the latter to acquire housing at a reduced price otherwise inaccessible in tense areas. To anyone interested, it is important to read about the joint real lease disadvantages and advantages as well as to understand how it works. Knowing the law is essential.
How does the real solidarity lease work?
The BRS is based on the dissociation of land and buildings. Indeed, the solidarity land organization remains the owner of the land that it rents to the lessee. The latter only buys the accommodation and must pay a monthly loan payment as well as a monthly fee. This is revised each year to adapt it to the rent revision index. On the other hand, the rent remains low allowing the household to acquire a property at a price lower than the market price.
What are the conditions to be eligible for the BRS?
There are obviously conditions to be able to benefit from the joint real lease. First of all, the device was launched to help low-income families to become owners of a main dwelling. The property acquired must then be used as a principal residence. Certain resource ceilings must also not be exceeded, these being defined according to the number of people who will occupy the household and the area. And under the monthly fee, the resource ceilings are revised each year.
In which areas is it possible to acquire housing?
There are 4 zones within the framework of the BRS system. Zone A includes the Paris conurbation, French Geneva, the Côte d’Azur and the major provincial cities. Zone B1 includes agglomerations of more than 250,000 inhabitants and certain cities for which the price per m² is high. Overseas France and Corsica are also included. Zone B2 includes urban areas with more than 50,000 inhabitants, while zone C covers the rest of France.
What are the advantages of the joint real lease?
As indicated above, the BRS makes it possible to acquire a main residence at a reduced price in areas where it is difficult to find accommodation. Low-income households can make savings from 15% to 40% depending on the sector. VAT is reduced to 5.5% (instead of 20%) in the case of new housing and property tax can be reduced by up to 30%. The device has other advantages, in particular a low rent for the land, access to the loan at zero interest and the guarantee of repurchase of the housing by the OFS.
The real solidarity lease is a very interesting option for low-income households wishing to acquire housing, especially since it is possible to recharge the duration of the lease, sell the property or leave it to an heir, subject to conditions of course.