A notary is a public official who’s role includes receiving and processing all acts and contracts to which the participating parties require authentication. The notary plays an important arbitrary role in advising individuals, businesses and collective groups. The security and moral principles of contractual activity are assured and many checks are carried out including mortgage security, cadastral surveys, management committees, urbanization services and the department of planning permission as well as other participating authorities.
Having been modified several times over, the decree no. 78-262 of 1978 remains the most essential reference in regards to the definition and application of notary fees. As a general rule, acts to which the public interest requires notary protection are subject to a pre-defined tarif. However, the notary’s remuneration with regards to other terms of work carried out is not billed in accordance to these same tarifs and the fee is generally calculated and agreed by the client and the notary himself.
The notary’s costs are calculated on the basis of 5.09% of the indicated amount or of the monetary value of the property in question. The above does not apply to the construction or delivery of new-build programs to which real estate VAT is applicable.