Section 1: General provisions.

A tourist residence is a classified commercial accommodation establishment, operated on a permanent or seasonal basis. It is made up of one or more individual or collective residential buildings grouping together, in a homogeneous whole, furnished residential premises and premises for collective use. Furnished accommodation is offered to tourists who do not take up residence there, for occupation on a daily, weekly or monthly basis. It has a minimum of…

The tourist residence may be placed under the status of co-ownership of built property as defined by law no. 65-557 of 10 July 1965 , as amended, or under the status of timeshare property allocation companies as defined by law no. 86-18 of 6 January 1986 relating to timeshare property allocation companies, provided that the co-ownership regulations or the documents provided for in article 8 of law no. 86-18 of…

I.-In the event of application of the sixth and seventh sentences of the fifth paragraph of article 199 decies E of the General Tax Code or of the last paragraph of 4 of article 199 decies F of the same code and on condition that continued operation is ensured under the conditions provided for in I of article 46 AGG bis of appendix 3 to the General Tax Code, the…