Section 9: Contract for the enjoyment of immovable property on a timeshare basis.

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Article R211-45

French Tourism CodeIn force

Updated 8 Nov 2023

The amount of the guarantee is reviewed at the end of each year and, except in duly justified special circumstances, may not be less than the maximum amount of sums held on behalf of third parties during the previous guarantee period. This amount may also be revised during the period at the request of the guarantor or the operator if circumstances so justify.

For any revision of the amount of the guarantee, the subscriber must provide the guarantor with a statement issued by an external chartered accountant or auditor indicating the highest amount of sums held for third parties during the previous guarantee period. The guarantor may request, at any time, the register of payments or remittances provided for in the first paragraph of article R. 211-48, the register of mandates provided for in the third paragraph of article R. 211-49 and the full statement of account provided for in the second paragraph of article R. 211-48.

The guarantor must notify the registration commission mentioned in article L. 141-2 of any revision of the guarantee.

Mariela Petrova

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Common Questions

Working with a corporate lawyer in France — Q&A

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.

Yes — communications with a French avocat are protected by the secret professionnel (Article 66-5 of the Law of 31 December 1971). This protection is broader than the common-law attorney-client privilege and applies to written and oral exchanges.

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

Avocate au Barreau de Paris

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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