The community of property
Married couples under this scheme are split into two categories. ‘The partnership of acquests’ is the default matrimonial scheme in France. Any property acquired after a marriage, from the most basic housing to luxurious real estate, is considered the couple’s shared asset. ‘The universal community’ option groups all property of the spouses under a single asset. Therefore, even personal inheritances are to be included.
Under this specific scheme, the division of ownership will be totally equal, each individual owning half the housing. If a loan is needed, it will be repaid by the couple's common financial resources.
In the event of a divorce, common goods are sold off, and the housing properties put back in the market to be sold. The takings are then divided into two equal parts. If there is an agreement, the former spouses can keep the property under the joint possession scheme. Finally, an allowance called ‘monetary compensation’ will be paid if one of the party wishes to keep the property.
If one of the contractors dies, the other one can benefit from free accommodation for one year if the relevant property is their principal residence. Then, children from this union will recover, depending on the chosen option, either ¾ of the property, thereby generating a joint ownership scheme, or the bare ownership of housing while the spouse still alive will retain the usufruct.