The notary must preserve both the seller’s and buyer’s rights. He is an impartial agent who verifies the contracts morality and legal security before authenticating them.
Before the signature of a sale agreement, the notary will verify the juridical status of the property (“melkia”, “réquisition d’immatriculation” or “titre foncier”). He also will confirm that the property is without any security-mortgage.
The notary must draw up the final deed and register the transaction. He takes care of the land advertising.
For non Morrocan buyers, he can make the registration (register the purchase) with the foreign exchange office. We encourage you to make this registration to get the whole guarantee of the transfer back if you decide to sell your property.
He can also help the seller to get the fiscal quietus i.e council tax and TPI (tax on the profit).
The acts are written in French or in Arabic.
The total fees are 7,2% of the purchase amount for a titled property (titre foncier) or in the way to be completly titled (“requisition d’immatriculation”).
If you are buying a property with a “Melkia”, you must know that the notary cannot write a sale or act agreement. But he can start the procedure to get a requisition number. In that case, you will sign a private “sous-seing” with the seller. Once the property has the number, the notary will draw up selling act and will register it. The fees will rise up 13% or 19% according to the realization or not of an “istimrar” act. Don’t be worried about the whole procedure, the real estate agency Côté Médina will help you and explain everything to you.