CHAPTER III : Intervention procedures

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Article L1523-5

French General Code of Local AuthoritiesIn force
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Updated 8 Nov 2023

Local authorities and their groupings may grant semi-public companies engaged in the construction or management of housing subsidies or advances intended for housing programmes, and their annexes, the financing of which is subject to maximum rents or occupant resources, determined by the administrative authority.

The property programmes of semi-public companies within the meaning of this article include the creation of social housing through the construction of new buildings, refurbishment or major repairs carried out on buildings owned or acquired by them.

The deliberative assemblies of the départements and communes vote on these subsidies in the light of a financial study detailing the total cost of the property investment, as well as the projected operating balance, accompanied by a report on the company's financial situation.

The subsidy granted is at most equal to the difference between the cost of the operation and the total of other funding allocated to it. Where this condition is not met, the amount of the subsidy will be reduced, where appropriate, no later than one year after the project is brought into service.

An agreement sets out the obligations entered into by the companies in return for the financing granted for the housing.

Under the terms of this article, local authorities and their groupings may, under the same conditions, sell land or buildings, with the value assigned to the buildings sold not being less than the value set by the property department, regardless of the sale price actually retained.

Subject to court decisions that have become final, agreements entered into prior to the promulgation of the loi n° 2000-1208 du 13 décembre 2000 relative à la solidarité et au renouvellement urbains et qui seraient conformes à ses nouvelles dispositions, en tant que la validité de ces conventions au regard des dispositions du titre Ier du livre V de la première partie du présent code est contestée, sont validées.

The financial assistance referred to in this article is not governed by the provisions of Title I of Book V of Part One of this Code.

Mariela Petrova

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Any time a strategic decision changes how the company is owned, governed or contractually bound — incorporation, fundraising, M&A, restructuring, shareholder agreements, or major commercial contracts. Earlier engagement always costs less than later remediation.

A notary (notaire) is a public officer who authenticates specific deeds (mainly real-estate transfers and certain family-law acts). A corporate lawyer (avocat) advises on strategy, negotiates and drafts company documents, and represents you in disputes. The two roles complement rather than overlap.

Yes — most of our clients are foreign suppliers, investors or holding entities. We bridge the gap between French law and your home jurisdiction's expectations and deliver everything bilingually.

The SAS (Société par Actions Simplifiée) is the default choice for most international structures: flexible governance, single shareholder allowed, no minimum capital, and works cleanly with foreign holding entities. We assess SARL, SA, SCI on the merits when the situation calls for it.

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We work on fixed fees for clearly scoped engagements (incorporation, contract drafting, audits) and on monthly retainers for ongoing advisory. Hourly billing is the exception, not the default. You always know the cost before work starts.

Typical timeline is 2–3 weeks from KYC kick-off to RCS registration, assuming standard documentation. Holding-company structures, foreign-shareholder identification or in-kind contributions can extend this — we flag the gating items at the first meeting.

Absolutely. We routinely coordinate with your in-house counsel, expert-comptable or notaire — pragmatic collaboration is the norm, not the exception. We send them everything they need to do their part without duplicating work.

Mariela Petrova

Mariela Petrova

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Toque #C2396

15+ Years In Corporate Practice

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Communications protected by professional secrecy — secret professionnel de l'avocat, Article 66-5 of the Law of 31 December 1971.

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