Rental Regulations in the City of Paris
By Adrian Leeds

The change in rental regulations which has come of light recently are of major concern to investment property owners in central Paris who have reaped the rewards of property ownership that has afforded them both the usage of their apartments and rental revenues. According to estimates, there are almost 40,000 such apartments in the city, many of which are, of course, in the central districts -- the Marais, Staint-Germain-des-Prés and the Ile Saint-Louis.

If you have been following the story, the legislation threatens to destroy a thriving industry, and therefore is under tremendous pressure by investors, owners, agencies and occupants.

We have personally consulted on this issue with both our Notaire, Maître Stéphane Adler, and our property attorney, Jean-Eric Callon. Both have virtually 'chuckled' upon discussion of the regulations as for years they were unknown and unconsidered as serious, until a few letters were issued by the Préfet to a handful of owners, mostly those who had been denounced by their neighbors!

I have asked M. Callon to provide a statement and possible solution to this change in law, which can be seen by many as contrary to the "freedom of trade and industry" and therefore refuted.

The following is M. Callon's statement, but be sure to read my conclusion which follows.

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French Legislation: The Change of Usage of Tourist Furnished Dwellings
By Jean-Eric Callon, Avocats Associés

1- French law evolved in an unfavorable way, particularly for foreign investors, and especially in central Paris.

The basic law is article L 631-7 of the French Construction and Housing Act which stipulates that “the change of usage of a dwelling must be submitted to prior approval."

Prior to the law of the 4th of August 2008, the change of usage was supervised by a national administrative authority, the “Préfet de Police," representing the French state. Now, the responsibility of the law was transferred to the Mayor of Paris.

In parallel, the city of Paris has voted on local legislation concerning seasonal or tourist rental properties. Henceforth, in appliance of the local law, the change of usage requires a compensation for the loss of housing.

According to the head of the city hall, there is a difference between furnished rentals and tourist furnished rentals.

In case of a furnished rental, the rental has to fulfil two conditions:

- The furnished property has to be the main tenant’s residence.
- The furnished property has to be rented for a one year renewable contract (or 9 months for students).

If both conditions are fulfilled, the rental is merely "furnished" and not "tourist." A tourist rental requires the conditions developed by article L 632-1 of the Construction and Housing Act. In this case, these rentals require prior authorization for the change of usage of a dwelling. The authorization is granted but is subject to the rule of compensation for the loss of main residential housing.

2 - The rule of compensation respects the article 2 of the local legislation which follows the law of the 4thof August 2008 transferring the responsibility to the Mayor of Paris.

The compensation consists of providing main residential housing equal to the tourist accommodation. The properties offered for compensation have to be of a high-standard and have the same square meterage as the tourist property.

However, in the Marais, in particular, dwellings offered have to represent double the square meterage of the initial tourist property.

In some cases, if the tourist furnished rental is used as residential housing, the occupation will infringe on the article L 631-7 of the Construction and Housing Act. The infringement is considered a criminal act.

The only way to legally offer a tourist rental property in these targeted districts is to provide equal residential housing.

3 - There is no way to get around the current legislation except to refute the laws adopted by the mayor or the local law which enforces a compensation, should you be discovered by the authorities.

The legality of the local rule seems to be problematical. Indeed, it globally limits the trade in some districts, and especially in the Marais. In other words, the French law forbids the rent of tourist furnished rentals around only some districts in Paris.

In the present state of affairs, the situation can be disputed and could lead to litigation based on the freedom of trade and industry.

However, the dispute is a long one and uncertain, and won't find an outcome before months, or years.

4 - Investors must be informed about the risk involved by this kind of trade.

The article L 651-2 of the Construction and Housing Act applies fines of up to 25,000€, plus the return of the dwelling to its primary residential usage. The financial fine is a high one and can frighten foreign investors.

5 - The core issue is to know, as the city council of Paris is supporting it, if the tourist furnished rentals are considered or not as residence within the meaning of the article L 631-7 of the Construction and Housing Act.

Tourist rentals are not actually a part of the article 632-1 of the Construction and Housing Act, as this applies to primary residences and the law only distinguishes between residence and non-residence.

One solution would be to consider that it is not a tourist furnished rental, but a guest room (bed and breakfast) as in the law of the 14th of April 2006. The law defines the guest room as a “furnished room located in the occupant’s house and furnished in order to welcome tourists for one or more nights with service. A rent must be paid.”

The law enforces a prior declaration at city council and the articles D 324-12 to D 324-15 of the Tourism Act impose some norms:

- each room must have a bathroom and toilet;
- the linen must be provided;
- the occupant must welcome the tourist;
- the breakfast must be provided.

In other words, the only solution, and in the case if the Parisian legislation doesn't change, would be to adapt the service provided to make it conform to guest house French law.

The first step would be to query the city council in order to know if it considers the guest house as a change of usage. It can be disputed because the dwelling is still allocated to residential living.

6- In brief, two solutions can be proposed:

- An owner can decide to rent its flat under the tourist furnished rental law and accept full responsibility should it be rejected/refused for the change of usage by the Mayor of Paris, and then, is in a uncertain situation;

- The flat applies to guest house legislation and, consequently, avoids the mayor's decision for change of usage. It would be prudent to query the city council on that issue. Of course, the guest house concept is quite different from tourist furnished rentals and assumes to fill conditions imposed by the Tourist Act.

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In Conclusion...
By Adrian Leeds

Let's take a realistic look at the situation, as in France there is the 'law,' and then there is the 'reality.' It's an old cliché, but one that rings true time and time again.

1. Very few owners have been contacted by the authorities, and those that have were mostly those to be denounced by their neighbors. Foreign owners who are not tax resident in France and who do not directly deposit their rental revenues into their French bank accounts are unlikely candidates to be discovered, as long as their names and full addresses of their advertised properties are undisclosed.

2. If you choose to wait to be contacted by the authorities, then be prepared to refute their claims. We are all confident that the city will not be able to enforce laws which are under refutement, and while it may take months or years, eventually the issue will be resolved.

3. If you choose not to wait to be contacted by the authorities, there are a few solutions, including M. Callon's suggestion to register your property as a "Bed and Breakfast" and therefore would no longer be subject to question.

There are several other solutions which will pre-empt any question by the authorities. M. Callon and myself are prepared to discuss these options with owners and investors so that we can all go back to doing what we do best in the city we love...live in it, invest in it and provide tourist accommodations for others like us!

If you are an owner or future investor and would like to learn more, contact me for more information: adrian@adrianleeds.com.

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The "Chambre de Bonne"

http://en.wikipedia.org/wiki/Chambre_de_bonne

A chambre de bonne is a type of French apartment consisting of a single room in a middle-class house or apartment building. It is generally found on the top floor and only accessible by a staircase; sometimes a separate "service staircase."

Initially, these rooms were intended as the bedroom for one of the family's domestics, and the name originates from the colloquial name for such maids: a "bonne à tout faire." Today, chambres de bonne are usually the cheapest rung on the Parisian letting market, and are primarily rented by poorer workers and students.

Due to the social level of the envisaged occupants, chambres de bonne are characterized by their tight proportions. The rooms usually have a surface area of around 10-12 m2, which is sometimes accentuated by being in a garret. They tend to offer minimal facilities: toilets are usually shared with the neighboring rooms, and located on the landing.

Chambres de bonne have nevertheless been the object of legislation to preserve their occupants' quality of life and health. In the 20th-century, the French government stipulated that all rental properties must have a minimum surface area of 9 m2, a volume of 20 m3, and openings (windows, doors, etc.) equivalent to an eighth of the surface area.

In recent years, landlords have attempted to rebrand their chambres de bonne by advertising them as studettes, a hitherto-unknown category of housing for smaller studios (broadly, those of 12 m2 or less). Since most listings agencies do not recognize a firm distinction between "studios" and "studettes," chambres de bonne may also simply be advertised as studios. Parisian apartment-hunters are, nevertheless, often able to infer that a studio is a chambre de bonne from its listing, due to the distinctive features described above.

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Living It Up in the Maid's Quarters
By Adrian Leeds

If you're lucky enough to find a few chambres de bonnes adjacent to one another, then you can renovate and reconstruct to create a heavenly apartment with great views and lots of light. Many investors have succeeded in this!

Recently I heard about a company that has been buying them up cheaply, renovating and furnishing them cheaply and then offering them as very inexpensive tourist accommodations.

If all you want is an inexpensive spot to hang your hat when you're in Paris and don't care about luxury, then perhaps this little "aerie" is just for you...

But they aren't easy to find these days and when you do, expect the condition of them to be less than habitable. Still, you may find a rough cut precious stone worth your time and investment.

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A Place in The Sun Property Exhibition

A Place in the Sun Live features thousands of overseas properties for sale, by hundreds of exhibitors from more than 40 countries worldwide. And with homes from less than £20,000 to over £1 million, there really is something to suit almost every taste - and budget.

The next A Place in the Sun Live takes place at Earls Court, London on 26th - 28th March 2010.

With everything you need all under one roof, you'll have a unique opportunity to compare properties and talk to the agents and developers face-to-face, all in one place!

Whether you are in the market for a great investment property, idyllic holiday home, a place to retire to or a permanent residence abroad, A Place in the Sun Live will bring you a step closer to owning your place in the sun. There's everything from new and off-plan apartments and developments, houses, villas and unique character properties.Full details and tickets available at www.aplaceinthesun.com/visitorinfo.

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www.adrianleeds.com/frenchproperty/fractional

If you are interested in traditional fractional ownership properties currently offered by ourFractional ownership partners, see below:

Paris: LE PALACE DES VOSGES	Paris: LE NOTRE DAME
Paris: LE ROYAL du MARAIS	Paris: L'ABBAYE LUTÈCE
Paris: CHEZ LA TOUR	Paris: La Résidence Luxembourg
Paris: LE PETIT TRESOR	Languedoc-Roussillon: MAISON BLEUE
Paris: PARIS RESIDENCE CLUB	Languedoc-Roussillon: NOTRE MAISON DANS TOULOUGES

Readers of FPI can take a look at special offers for Le Palace des Vosges, Le Petit Trésor and Chez La Tour at adrianleeds.com/frenchproperty/fractional.

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Is Buying French Property For Renovation A Good Idea?
By Frank English

http://www.articlesbase.com/

For lots of people a French renovation property is a seemingly ideal situation. Buy a ramshackle old French farmhouse for very little money, spend a little doing it up and have cheap vacations from then onwards or move into it permanently. Of course there's also the option of turning a quick profit. Or is there?

Unlike perhaps any other European property market, the French have an abundance of old "character" properties ripe for renovation. This is in part due to complex inheritance laws and part due to their preference for new builds - and the expense of renovating. The French are quite happy to rent in large cities rather than buy, or will buy new, modern, hassle-free homes rather than renovating a crumbling old farmhouse.

The inheritance issue actually causes many beautiful French houses to fall into disrepair. The problem is that all members of a family in France inherit equally, so if there are two brothers and two sisters of deceased parents, all four must agree a sale. If one want to keep the property then the others cannot sell - but they can prevent the one who want to keep it from living there - and thus the house is abandoned and becomes a wreck. A bizarre situation to let happen perhaps, but it does, and frequently too.

However, that's not answering the question of whether buying French property for renovation is a good idea.

If you think you're going to buy old French property, renovate, and sell for a quick profit I would advise against it. Even if you are a builder by the time you have taken into account your costs and potential resale value there is little opportunity to make much money.

On the other hand, if you fall in love with a French house that is in poor condition, and you get good advice about the costs to make it habitable, I would say go right ahead!...

Read the entire article at http://www.articlesbase.com/travel-articles/french-renovation-is-buying-french-property-for-renovation-a-good-idea-1862021.html.

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Old French Property - Avoiding a French Property Disaster

http://www.amazines.com/

Oh the delights of old French property. Rambling old French farmhouses with more land than you know what to do with and outbuildings galore. Picturesque old mills by a stream. Cozy cottages with climbers meandering up the walls and tumbling over the eaves. If you're looking for a French holiday getaway or perhaps a permanent home, what could be better? So why did I put the words "avoiding" and "disaster" in the title? What's wrong with old French property?

Well often there's nothing wrong with it at all. There are lots of charming old places in France just waiting for you to snap them up. France is full of delightful old buildings. Unfortunately I've also seen the other side of the French property market and I've seen too many people making decisions that just don't stack up - about property that very nearly won't stand up!

Now the last thing I want to be is negative. I love France, I love the French way of life and I own an old French property. I certainly wouldn't want to put anyone off. You can undoubtedly find the right place for you and it'll probably be surprisingly affordable.

As long as you know a bit about what you're doing and don't go into it blind.

Take our own situation. When we bought our old French farmhouse about 30% of it was just about habitable during the summer. Not in winter because it had no heating and gaps in the doors and windows you could pass sandwiches through! Of the rest, about 50% of it was accommodation for cattle and 20% of it should probably have been condemned...

Read the entire article at http://amazines.com/Travel_and_Tourism/article_detail.cfm/459231?articleid=459231.

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Watch Adrian Leeds and French Property Consultation on
House Hunters International

***"Settling Down in Paris" - Episode HHINT- 402

AIR TIME:
February 18, 2010 12:00 PM ET/PT
www.hgtv.com/house-hunters-international/settling-down-in-paris

***"Vacation Home in Paris"
Episode HHINT-1A05H
March 04, 2010
12:00 PM ET/PT
www.hgtv.com/house-hunters-international/vacation-home-in-paris

To learn more, visit http://www.AdrianLeeds.com or email Adrian Leeds, at adrian@adrianleeds.com.

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Take the Risk Out of Currency Conversion

 

If you’re buying a holiday home or investment property overseas, when you trade your currency is crucial. The euro exchange rate is constantly fluctuating, so trading at the right time will mean your money goes a lot further. Adrian Leeds Group LLC and Moneycorp are working together to ensure you make the most of your Dollar or Sterling when buying a property in France.

For the latest exchange rate use our currency converter at http://www.adrianleeds.com/frenchproperty/loan/moneycorpconvertor and learn more about moneycorp ere:
http://www.moneycorp.com/affiliates/microsite/index.cfm?agentid=10168408.

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Where to Live in Paris

http://www.expatica.com/

ARRONDISSEMENTS BY CATEGORY

Trendy, lively and young-at-heart:
the 3rd and 4th, parts of the 10th and 11th.

Lively but conservative, wide choice of restaurants, cinemas and culture venues:
the 5th, 6th. Similar attractions with reasonable rents: parts of 13th and 14th.

Most family-friendly (bits of green, local amusements):
The 5th, 6th, 12th, 13th, 17th, 19th and 20th.

Old quarters with architectural charm:
3rd, 4th, 5th, 6th, parts of 2nd and 7th.

High-rise/modern apartment building areas:
13th, parts of 12th, 15th, 18th, 19th and 20th.

Cheaper rents:
10th, 11th, 12th, 13th, 14th, 15th, 18th, 19th, 20th.

Trendy chic and expensive:
The 6th and 7th, parts of 5th, 3rd and 4th.

Conservative, quiet and expensive:
the 16th and parts of 8th and 17th.

Traditional chic, ostentatious and expensive:
The 8th, parts of 16th and 17th.

Least residential (few shops, little night-life):
The 1st, 2nd, 8th and 9th

Read the background leading up to the summary above at http://www.expatica.com/housing/where_to_live/Where-to-live-in-Paris_15554.html?ppager=0.

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One-Hour Consultation with Adrian Leeds Free!

If you are a guest staying in any one of our luxurious Parler Paris Apartments, and would like to consider having your own "pied-à-terre" for your pleasure and profit, contact Adrian Leeds for a FREE one-hour consultation while you're enjoying the apartment in the City of Light. Visit http://www.adrianleeds.com/parlerparis/apartments for more information or email me at adrian@adrianleeds.com.

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Where Do the British Live in France?

http://www.french-property.com/

A recent official study shows that around 135,000 British nationals live in France, and the most popular region may surprise many.

According to figures published by INSEE, the French statistical office, the Brits are clustered around four regions – the Ile de France, Midi Pyrénées, Aquitaine and Poitou Charentes.

Despite the fact the Dordogne has acquired the familiar epithet 'Dordogneshire', because of the number of Brits who are believed to have homes there, in fact the most popular administrative area is the Ile de France, where there are 20,500 British inhabitants.

Dordogne may only have a larger number of British home owners if second homes are included, for which official figures are not currently available.

The second largest region for permanent British residents is Midi Pyrénées (13,500), followed by Aquitaine (13,100), Poitou Charentes (12,972), and Brittany (approx 11,000).

Provence-Alpes-Côte d’Azur and Rhône-Alpes come in fourth and fifth respectively. Lower Normandy is also popular, with around 5,000 British inhabitants.

By department, it is Paris which tops the table, with 8,500 Brits having permanent homes within the city boundary.

Outside of the capital, not surprisingly it is Dordogne (6,300) that takes second place as the department with the largest number of Brits, followed by Alpes-Maritime (5,900) and Charente (5,083).

The figures are gleaned from the 2006 population census carried out by INSEE. It shows that nearly 6% of the population of France is of foreign nationality...

Read the entire article at http://www.french-property.com/news/french_life/british_living_in_france.

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Parler Paris Apartments

http://www.adrianleeds.com/parlerparis/apartments

Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the "seal of approval" from Parler Paris Apartments andme, Adrian Leeds. Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible.We at Parler Paris know each and every apartment owner or manager personally, and stand behind thequality of those we represent. We understand your needs and desires, all the small details that make a rental apartment a warm and welcoming home ­ and a much better alternative to an impersonal hotel!Parler Paris Apartments is administered and serviced by the same greatteam as Parler Paris, French Property Insider and French Property Consultation. You can trust that Parler Paris Apartments and all those with whom it is associated will do heir best for your 100% guaranteed satisfaction.

SPOTLIGHT APARTMENT(S): Le Balcon Planté

Near Place de la Bastille, 12rd Arrondissement
One-Bedroom Apartment
Sleeps up to 4

Sunny, bright and newly decorated, there are two main rooms, both opening through French doors to a balcony with plants, a bistro table and chairs; plus a fully equipped kitchen, bathroom with tub and shower, and separate toilet. The bedroom has a new, very comfortable queen size bed. The living room has a new modern sofa that converts to a comfortable, extra-long double bed, as well as a dining table and chairs. All rooms open separately to the entry hall; the two main rooms can be separated, or the French doors and curtains between them can be opened to create one large space. On the 6th (French) floor with elevator, there are windows with a view in every room including a view of rooftops and gorgeous sunrises from the kitchen. From the balcony one can see the Promenade Plantée, the clock of Gare de Lyon, sunsets, and tree-lined streets.

Reserve now! Visit http://www.adrianleeds.com/parlerparis/apartments/rentals/balcon_plante.html

For more information go to www.adrianleeds.com/parlerparis/apartments or mail:apartments@adrianleeds.com.

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A Royal Residence: The 16th Century Doll's House Made with Gold, Crystal, Silver and Wood Fittings

http://www.dailymail.co.uk/

Looking closely, this incredible 16th century palace looks fit for a king. But the incredible structure is only 42 inches high and has been painstakingly put together by professional doll's house makers.

The jaw-dropping miniature scale of the impressive residence is made clear by life-size spectacles, books, fountain pens and even a bottle of coffee liqueur.

Matches in one of the home's fire places and a pot of mustard also give onlookers a sense of perspective.

And despite its teeny size the grand design has just been sold for a whopping five-figure sum to a private buyer.

'Chateau Antoinette' astonishingly reflects the lavish life of historic French royalty. It features fixtures and furnishings made of real crystal, gold, luxury wood, sterling silver and genuine tiny oil paintings crafted by real artists.

British couple Kevin Mulvany and Susie Rogers, of Mulvany and Rogers, are responsible for the most expensive dolls house ever made. They are famed for their one-twelfth scale recreations of existing stately homes and castles, which they build in their house in Holt, Wiltshire.

But for their latest spectacular project - for a Californian collector passionate about Marie Antoinette - they fused various places linked with the infamous female monarch who was executed during the French revolution in 1793...

Read the entire article at http://www.dailymail.co.uk/news/article-1251123/Fit-king-The-16th-century-dolls-house-gold-crystal-silver-wood.html#ixzz0ftiFQPed.

Photo credits: Mark Clifford

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HOT PROPERTY PICKS: Cute Charming Chambres de Bonnes

Each week French Property Insider features a range of properties which we believe are on the market at the time of writing. These properties are featured in order to give readers a sample of what is currently available and a working example of prices being asked in various regions of France and districts of Paris.

This week we focus on chambres de bonnes throughout Paris.

	*** Paris, 8th: , approx. 6m² Only 50m from the Champs Elysées. On the seventh floor, no elevator. In a beautiful Haussmannian building. Has washroom and toilet, new electric and plumbing. Building has a concierge and digicode entrance. Asking Price: € 49 000 + 2% finders fee
	*** Paris, 9th: chambre de bonne, approx. 8m² Located on the seventh floor, with an elevator. This is a very pretty apartment with high ceilings, and a balcony. Shower ensuite with toilet across the hall. Selling furnished and equipped. Asking Price:€ 82 000 + 2% finders fee
	*** Paris, 16th: chambre de bonne, approx. 10m² Located on rue Spontini, in an art-déco building. Renovated in 2006 with wood floors, hydromassage shower and toilet ensuite. Perfect for an investment property. Asking Price:€ 98 000 + 2% finders fee
	*** Paris, 9th: chambre de bonne, approx. 10m² Nice apartment in a well kept building. Located on the courtyard on the top floor (7th) with no elevator. Calm and sunny, with small fireplace. Small partially equipped kitchenette. Parquet floors under carpet. Asking Price: € 185 000 + 2.5% finder's fee

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Results of the Recent Notaires' Property Auction - February 16, 2010

Notaires de Paris
Place du Châtelet
12 avenue Victoria
Paris 1st

 

Additional information on Les Ventes aux Enchères des Notaires can be found on the Web site at www.encheres-Paris.com.

To read Schuyler Hoffman's article about the property auctions in Paris, click on: www.frenchpropertyinsider.com/

>

	The following properties were auctioned off February 16, 2010:
	2010-04-01 4 Rooms 97m² plus parking 147 rue Oberkampf 75011 - PARIS 11eme Starting Bid: 441 000,00 € Sold For: 590 000,00 €
	2010-04-02 5 Rooms 89m² 62 boulevard de Belleville 75020 - PARIS 20eme Starting Bid: 315 000,00 € Sold For: 410 000,00 €
	2010-03-02 2 Rooms 41m² 4 square Vermenouze 75005 - PARIS 5eme Starting Bid: 225 000,00 € Sold For: 385 000,00 €
	2010-03-03 2 Rooms 29m² 25 rue Pérignon 75015 - PARIS 15eme Starting Bid: 155 000,00 € Sold For: 250 000,00 €

Editor's Note: If you look at the properties on the Notaire's site (www.encheres-paris.com), when you click on the information for a particular property there is also a link to Google Maps to show you exactly where the property is located.

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SEEKING A MORTGAGE IN FRANCE?

When you make a purchase as important as a piece of real estate in a foreign country, you ant to know that you can trust the people you are dealing with. Adrian Leeds has developed a network of professionals that meet only the highest of standards. With the expertise and experience of Adrian and her team, you can depend on getting the best advice and support to feel completely confident that you are making an informed investment decision.

Let us help you secure a mortgage in France at a competitive interest rate. Visit www.adrianleeds.com/frenchproperty/loan for more information or contact Loan@AdrianLeeds.com

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HELPFUL CONVERSIONS FOR REAL ESTATE

1 square meter = 10.7639104 square feet

1 hectare = 2.4710538 acres

For more conversions, refer to: www.onlineconversion.com/

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Parler Paris Après Midi: Next Meeting

www.adrianleeds.com/parlerparis/apresmidi.html

The second Tuesday of every month, Parler Paris and French Property Insider readers gather at La Pierre du Marais for a drink and a "schmooze" --It's an opportunity to meet and chat with other like-minded people and a great way to make friends! Costs nothing except your drinks. Don't miss the next gathering Tuesday, March 9th, 2010 from 3 to 5 p.m. and every second Tuesday of the month (except August).

 

 

 

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Managing Your French Property Insider Subscription is Easy!

We receive many emails from French Property Insider Subscribers who want to change their email address, or update personal information. But did you know that you can make these changes yourself?

It's easy...

1. Go to www.adrianleeds.com/frenchpropertyinsider

2. Click on "Manage Subscription." You'll find it under the "Subscribers Only" section in the sidebar.

3. Enter your username and password.

4. On the Welcome Page, go to "Manage Your Account" and click on "Change Password/Edit Profile"

5. Once you've made the changes, scroll down to the bottom of the page and click on "Save Profile."

Simple!

Of course, we're always happy to help, so if you do need assistance, send an email to fpi@adrianleeds.com.

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THINGS YOU NEED TO KNOW

To access password protected pages: click on any of the links on the left panel of the home page of FrenchPropertyInsider.com under "Subscriber's Only," then type in your personal username and password.

Past issues of FPI are available on the Web site. You will find the
"Past Issues" link on the left under "Subscribers Only" or by going to
www.adrianleeds.com/frenchproperty/insider/membersTo receive your free French Leaseback Report or the Paris Property
Report, click on
www.adrianleeds.com/frenchproperty/insider/members

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We wanted better guides, So we wrote them!

Insider Paris Guides are written for people who love the City of Light. You'll get a Paris insider perspective on Restaurants... Making a Life... Black Culture... Expat Writers...and the newest guide, Practical Paris!

French Property Insider subscribers receive a discount of 10% off any uide and up to 25% off the entire purchase (if two or more guides are purchased at the same time). Here's how it works:

1. Click on special Web link we give you just for FPI subscribers.

2. Then order one or more guide(s) and use the promotion
code "ED762." This promotion code gives you 10% off your total
order.

3. If you order two or more guides, then an additional 15% will be
taken off automatically. There is no promotion code needed.

Here is the special "coupon" Web link just for you:
www.insiderparisguides.com/offer

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SUBSCRIBE TO PARLER PARIS

If you're not a regular reader of the Parler Paris daily e-letter, and would like to be, simply enter your e-mail address here (it's free!): www.parlerparis.com

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Copyright 2011, Adrian Leeds®
Adrian Leeds Group, LLC, www.adrianleeds.com