What are the notary fees in Morocco?

Buying a property: what are the notary fees?

The finalization of a real estate transaction involves the intervention of a specialized notary, who will be in charge of preparing the act of sale and the related documents. This professional therefore plays a key role in securing the sale. The notary fees are therefore added to the purchase price and other costs associated with the acquisition of the property. These fees are generally paid by the purchaser.

Here are then in detail what are the notary fees to expect.

Notary fees

A large portion of the notary's fees are intended to pay registration fees and taxes.

To determine the notary's fees, we mainly rely on the purchase price of the property. This is the main variable that affects notary fees. Indeed, when the value of the property is high, the notary fees are often low.

Notary fees represent a maximum of 1 to 1.5% of the purchase value. They therefore vary according to the following ranges:

Acquisition pricePercentage/notary feesBetween 300,000 and 1 million dirhams 1.5% 1.1 million and 5 million dirhams 1.25% 5 million and 10 million 0.75% More than 10 million 0.5%

If you plan to finance your home with a bank loan, it is important to contact your notary to draft a sales agreement with the seller, while you have time to validate your credit application. Once the credit is confirmed, you can then proceed to the final sale, if all suspensive conditions are absent.

Concrete example:

You buy a property at around 500,000 Dirhams

The registration rate is around 4%: 500,000* 4% = 20,000 Dhs.

The amount of land conservation: 500,000* 1.5% = 7500 Dhs

If you have, for example, opted for a bank credit of 300,000 Dhs, and you have paid 200,000 by personal contribution, it will cost you approximately 2000 Dhs, this amount is then transferred to land conservation. The more the credit amount increases, the higher the amount.

To calculate this amount, the notary proceeds as follows:

For a loan whose amount is less than or equal to 250,000 dirhams, you will pay 0.5% of the amount borrowed, i.e.: 250,000* 0.5% = 1250 dhs, which will be transferred to land conservation

If the credit is greater than 250,000 Dirhams and less than 500,000 Dhs, you will then pay 1.5% of the amount.

In the example above, the customer has taken out a loan of 300,000, so he will pay 1.5% to land conservation on the supplement, i.e.:

• 250,000* 0.5% = 1250
• 50,000* 1.5% =750

The total amount is 2000 DHS.

The certificate of ownership of a property costs approximately: 200 dhs, it is a fixed amount for all types of property, and regardless of the value of the property

The administrative fees vary between 1000 and 3000 dhs in general.

The notary fees are finally: 500,000* 1.5% =7500 dhs

The total amount will then be approximately: excluding the application fees: 37200 dhs excluding the application fees.

What does the notary intervene in?

Notaries must comply with a number of conditions, including:

• The drafting of the bill of sale in Arabic, unless the two parties have different preferences
• Explain to the seller and the buyer the different stages related to the sale
• Affix your signature on all pages of the act of sale or purchase

The notary must also ensure the identity of both parties. In the case of sale by mandate, the notary must also ensure its veracity.

Bonus tip:

Always remember to choose a notary you can trust. Ideally, choose a notary other than the one offered by the seller. Keep in mind that you don't have the same interests.

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