Gov/en/Portal:R&D/Pilot-Real-Estate-Restoration
💡 In simple words: This page is about a test project to fix up old empty buildings.
⚠️ Not yet approved. This page describes a proposal that is still under community review. It is documented here so it can be discussed, improved and endorsed.
Pilot: Real Estate Restoration (Cooperative Model)
From WikiDeal, the Wikipedia of e-commerce
This pilot demonstrates a complex "combo-contract" for real estate restoration (e.g., castles, theaters, old buildings). It uses the "Bâtir Groupé" cooperative model. It connects regions in Europe with skilled craftspeople but low capital, to high-capital regions that want renovated properties without taking the initial renovation risk.
The Combo Contract Architecture
This pilot uses the WikiDeal framework to bundle three aspects into one smart agreement:
- Social Shares (Parts sociales in the cooperative)
- Lease Agreement (Contrat de bail)
- Restoration Mandate (Contrat de restauration)
The Two-Step Payment Mechanism
This is the core of the Restoration Mandate:
- Step 1: Immediate partial payment (modest amount) negotiated with the cooperative's delegates (who acquire the ruins/land). Paid upon immediate validation of work.
- Step 2: Deferred payment via percentage of resale. The craftspeople receive "shares of the resale value". The rest of the money is unlocked only when the renovated property is sold on the market.
Smart Configuration & Amendments
Just like the babysitting use case, manual heavy negotiation is replaced by WikiDeal's configuration options.
Under the "Amendment" and "Adaptation" lifecycle stage, partners can trigger:
- Loan options (options de prêt)
- Debt forgiveness / Claim abandonment (abandon de créance) if the property takes too long to sell.