Rennes, a dynamic city where life is good, but where real estate is expensive. Faced with this problem, the State has put in place an initiative, the Bail Réel Solidaire (BRS), which could well be the solution for the most modest households wishing to become owners. In this article, we will explain to you what this initiative consists of, its advantages and how to subscribe to it.
The Joint Real Lease: what is it?
Le Bail Réel Solidaire is an initiative launched by the French State in 2016 to enable buyers of real estate to reduce the acquisition cost by 25 to 40% compared to market prices. The principle is to divide the purchase into two distinct parts: the real estate and the land on which it is built.
When you buy real estate, you are buying two things: the property itself (its surface area, its characteristics, etc.) and the land on which it is built. Land represents a significant part of the total price of real estate, especially in large cities like Rennes. The BRS makes it possible to separate these two distinct parts and finance them separately.
How does the Real Solidarity Lease work?
The Real Solidarity Lease allows the buyer to become the owner of the building while the land remains the property of the Solidarity Land Organization (OFS). Thus, the buyer does not become owner of the land, but only of the building.
The BRS is signed between the OFS and the lessee, that is to say the purchaser. This lease is concluded for a very long term, between 18 and 99 years. Future buyers must respect resource ceilings to be able to acquire a property in BRS. These ceilings vary depending on the composition of the household and the geographical area where the property is located.
The BRS also makes it possible to regulate the real estate market on the plots concerned. Indeed, future buyers must respect rent and resource ceilings if they wish to rent their property.
Why opt for a real joint lease
The BRS presents numerous advantages for the most modest households wishing to become owners. First, it reduces the cost of acquiring real estate by 25 to 40% compared to market prices. Thus, the BRS is a solution for households with modest incomes who cannot access property in the traditional way.
The BRS also makes it possible to regulate the real estate market on the plots concerned. Indeed, future buyers must respect rent and resource ceilings if they wish to rent their property. This makes it possible to maintain reasonable rents for tenants and avoid a surge in real estate prices.
Secondly, the BRS allows the buyer to become the owner of the building, which gives them a feeling of security and stability. In fact, he can dispose of the property as he sees fit, rent it, sell it or even pass it on to his heirs.
Finally, the BRS makes it possible to limit real estate speculation on the plots concerned. The land remains the property of the OFS, which avoids situations where owners buy land in the hope of reselling it at a higher price.
How to subscribe to the real joint lease in Rennes?
Le Bail Réel Solidaire is accessible in several cities in France, including Rennes. To subscribe to the BRS in Rennes, you must first find out about the real estate eligible for OFS. It is possible to go to the Rennes Métropole OFS website to find available properties.
Then, you must check whether you respect the resource ceilings depending on the composition of your household and the geographical area where the property is located. If you meet the conditions, it is possible to contact the OFS of Rennes Métropole to ask to subscribe to the BRS.
BRS, the right solution?
Le Bail Réel Solidaire is an interesting initiative for the most modest households wishing to become owners in Rennes or elsewhere in France. By reducing the cost of acquiring real estate and regulating the real estate market on the plots concerned, the BRS is a viable solution for accessing property in a city where real estate prices are students.
If you are interested in the Real Solidarity Lease, do not hesitate to find out about the properties eligible for OFS and to contact the OFS of Rennes Métropole for more information.
FAQ – Real Solidarity Lease (BRS)
What is the Real Solidarity Lease?
Le Bail Réel Solidaire (BRS) is an initiative launched by the French State in 2016 to allow buyers of real estate to reduce the acquisition cost by 25 to 40% compared to market prices. The BRS allows the purchase to be divided into two distinct parts: the real estate and the land on which it is built.
How does the Real Solidarity Lease work?
The BRS allows the buyer to become the owner of the building while the land remains the property of the Solidarity Land Organization (OFS). Thus, the buyer does not become owner of the land, but only of the building. The BRS is signed between the OFS and the lessee, that is to say the purchaser.
What are the advantages of the Real Solidarity Lease?
The BRS presents several advantages for the most modest households wishing to become owners. First of all, it reduces the cost of acquiring real estate by 25 to 40% compared to market prices. In addition, the BRS allows the buyer to become the owner of the building, which gives them a feeling of security and stability. Finally, the BRS makes it possible to limit real estate speculation on the plots concerned.
How to subscribe to the Real Solidarity Lease?
To subscribe to the BRS, you must first find out about the real estate eligible for OFS. Then, you must check whether you respect the resource ceilings depending on the composition of your household and the geographical area where the property is located. If you meet the conditions, it is possible to contact the OFS to ask to subscribe to the BRS.
Is Le Bail Réel Solidaire present in all cities in France?
Le Bail Réel Solidaire is accessible in several cities in France, but not all cities offer this initiative. Check with your city’s OFS to find out if BRS is offered.
Is the Real Solidarity Lease reserved for the most modest households?
The Real Solidarity Lease is mainly intended for the most modest households, but it is open to everyone. However, the resource ceilings are set according to the composition of the household and the geographical area where the property is located.
Is the Real Solidarity Lease a form of definitive property?
The Real Solidarity Lease allows the purchaser to become the owner of the building, but the land remains the property of the OFS. Thus, the BRS is not a form of definitive ownership, but it allows the buyer to dispose of the property as they wish.