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The role of a notary is editing contracts (deeds, marriage contracts, donations, partitioning, constitution of societies, mortgage deeds, etc..) and collecting the parties signatures.

The notary is a ministerial officer designated by the department of justice. His intervention gives an authentic feature to the deeds; this means that the contract has an undeniable characteristic transpiring of the identity and capacity of the parties to sign, of the description of property, of the price, etc...

The notary also has a role of tax collector, as he collects various taxes generated by the transactions he carries out (registration rights, tax on the " plus value ", etc..) and then transfer them to the public treasury.

He must always make sure the tax has been paid by the parties before collecting their signatures.

On account of his public status, the notary doesn't have a loose financial remuneration as he must invoice his allowances according to the national schedule used by all the notaries of France , which is relatively complex, because of the emolument that is planned for each type of deed.

In the end, the notaries bill is composed of many elements, of which a big part of it goes to the public treasury.
Thus, the fees paid by the buyer, during a sale, include:
  • The financial remuneration of the notary to the amount of 0,825 % of the sale price.
  • The reimbursement of the expenses made by the office, in order to obtain certain documents necessary to the editing of the deeds, as well as the copy fees; they are called outlays.
  • The taxes generated by the transaction, and more particularly, the registration rights, which add up to 5,10 % of the sale price, but also the fixed fees invoiced by the mortgage office, of which the salary of the conservator equals 1/1000 of the sale price. Naturally to this must be added the VAT at the rate of 19,6 % collected on the notaries fees and on the outlays.
By adding all of these elements together, the total invoice (non-negotiated) generally amounts to approximately 7 %, of which 6 % are directly poured into the till of the state.

If the buyer finds a property through the notaries office, the notary can claim an additional fee, said of "negotiation", equal to 2,5 % of the sale price.
 

The notary also has a very important role of giving advice.

His intervention during the realization of the contract allows to insure that the parties confirm their agreement after having consulted a legal practitioner likely to warn them against the possible risks of the transaction and capable of advising them on the best way of protecting themselves.

The language barrier generally makes foreign people more vulnerable and that is why we attach a great importance to improve our language level and be capable of giving you all the explanations necessary in fluent English.

Today we are able to assist you in all the stages of your projects in France and especially:
 

1°) On occasion of purchasing a property in France

 

2°) On occasion of selling a property

 

3°) For all juridical advice