#2017-285Law No. 2017-285 of March 6, 2017, on Property Registration and Order Resorption
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The law aims to improve property rights and address land registry issues, particularly in Corsica. It establishes that notarized acts of notoriety related to property possession can be acknowledged as proof of ownership, protecting against disputes for five years post-notification. It also allows co-owners who hold more than half of property rights to act on behalf of the group under certain conditions, modifies tax rates and deadlines in existing tax laws, and provides exemptions on inheritance shares for properties in Corsica until the end of 2027.
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Key Changes
- Notarized acts of notoriety regarding property in Corsica are recognized as proof of possession, disputable only within five years.
- Increased the tax rate for certain property transactions from 30% to 50% and extended deadlines for tax regulations to 2027.
- Exempted inheritance transfers of properties in Corsica from a 2.5% tax until December 31, 2027.
Obligations
What this law requires
Notarized acts of notoriety concerning Corsican properties must be published through three channels: public posting, internet publication, and registration with the land registry service
Notarized acts of notoriety for Corsican properties can only be contested within five years from the date of the last publication method used
Notarized acts of notoriety must be executed and published before December 31, 2027 to benefit from the evidential presumption provisions
Co-owners holding more than half of shared property rights must notify other co-owners when performing acts authorized under Article 815-3 of the Civil Code
Acts of disposition of co-owned properties require consent from co-owners holding at least two-thirds of shared rights, except for normal exploitation acts listed in Article 815-3(3) of the Civil Code