Notary in Marrakech: role, advice and rates to secure your real estate transaction
The role of the notary in Marrakech in a real estate transaction
Warrant of legality and transparency
A notary Marrakech plays an essential role in the real estate sector by ensuring compliance with the laws in force. When buying a property, the notary and his office will ensure that the property is well titled and that it has land title. It is the master notary who will draft the bill of sale, and he will also ensure the official registration of the property.
A notary Marrakech thus ensures that all the clauses of the contract respect the real estate law and that the operation is in accordance with Moroccan legislation. When buying a residence in Marrakech you will need a master notary.
Legal support and personalized advice
Services of a notary in Marrakech are not limited to real estate transactions. It also brings valuable advice and legal support in several areas of upright Such as the corporate law . His expertise is essential to secure various administrative procedures and ensure their compliance with the laws in force.
- Company law and business creation
- Contracts and wills
- Divorce and liquidation of assets
- Assistance for foreign investors
- Successions and donations
The registration and publication of acts
Once the act is signed, the notary proceed to the registration and the publication of the transaction. This approach makes it possible to avoid any future litigation.
How to choose the right master notary in Marrakech?
Call on an experienced and recognized master notary
With numerous professionals practicing in Marrakesh, it is crucial to select a notary with a solid reputation. Here are some criteria for choosing the right notarial office :
- Experience and references in the chosen field.
- Responsiveness and clarity in tips given.
- Transparency on fees and procedures.
Tip : Send a message to several studies to compare their responsiveness, support, advice and welcome.
Check reviews and recommendations
A good way to find a notary in Marrakech reliable is consult the online reviews and to ask for recommendations from around you.
The rates of a notary in Marrakech
How are notary service fees calculated?
Fees of a notary in Marrakech are regulated by law and represent a percentage of the total transaction amount. Notary fees are calculated according to a progressive scale according to the value of the property. The higher the value of the property, the more the percentage applied decreases. Notary fees in Morocco are generally between 1% and 1.5% of the purchase price.
Extra costs to be expected
In addition to the fees of the notary, there are other costs associated with a real estate transaction:
- Registration fees constitute an important part of notary fees. These fees, collected by the notary on behalf of the State, generally amount to 4% of the value of the property.
- Finally, administrative costs include various ancillary expenses necessary to finalize the transaction. These fees include tax stamps, authentic copies of notarial deeds, and administrative verifications (such as consulting land records or obtaining the required authorizations).
Thus, all of these components can represent approximately 5% of the total value of the property.
Simulation of notary fees for a property worth 250,000 euros:
- Fees: €2,500
- VAT on fees: €250
- Administrative costs: €300
- Registration fees: €10,000
Tips to optimize your visit to a notary in Marrakech
Prepare all necessary documents
Required documents on the buyer side
- ID card or passport currently valid.
- Bank identity statement (RIB) for financial transactions.
- Proof of funding : Bank loan certificate if the purchase is financed via a mortgage.
- Proof of payment of the deposit in the event of a sales agreement.
- Marriage certificate (if applicable) for specific matrimonial regimes.
Required documents on the seller side
- Real estate title proving legal ownership.
- Cadastral map and description of the property detailing the area and boundaries.
- Last tax notice proving the payment of property taxes.
- Certificate of non-mortgage confirming that there are no burdens on the property
- Real estate diagnosis (inventory, electrical installations, plumbing if applicable).
Anticipate deadlines and formalities
Some notary procedures take time. Here are the average times:
- Obtaining official documents : Verifying land title and obtaining administrative documents can take between 2 and 4 weeks.
- Transaction registration deadline : Once the act is signed, registering with the land services may require between 1 and 3 months.
- Publication of deeds in the land register : This process may take up to 6 months, depending on the complexity of the case.
- Financing : If the buyer uses a bank loan, the process may take 30 to 60 days additional to validate the financing.
Conclusion
Calling a notary in Marrakech is an essential step in securing any real estate transaction. Thanks to its expertise, this master of law accompanies you in all the procedures.
To avoid unpleasant surprises, it is recommended to choose a experienced notary, to be well informed about the prices.