Real Estate Law

The deed of sale is a legal document that formalizes the sale of a property. It must contain the following information: the names and addresses of the parties involved, a precise description of the property (location, area, etc.), the sale price, the payment terms, the methods of transfer of ownership, and any special clauses.

The steps to follow to buy a property in Morocco are as follows: find a property that meets your needs and budget, check the legal documents relating to the property (title deed, cadastral plan, etc.), negotiate the price with the seller, sign a promise of sale, obtain a negative certificate from the tax administration, sign the deed of sale at the notary's office and make the payment.

The process of signing a real estate sales contract takes place in several stages: the drafting of the contract by the notary, the reading of the contract by the parties concerned, the signing of the contract by the parties, the handing over of payment and the handing over of the keys.

A preliminary sales agreement is a legally binding contract that allows the seller to reserve a property for a potential buyer for a specified period. During this period, the seller cannot sell the property to anyone else. In return, the potential buyer commits to purchasing the property at a predetermined price. The preliminary sales agreement can be terminated if either party fails to fulfill their contractual obligations.

Notary fees associated with purchasing real estate in Morocco include the cost of drafting the deed of sale, registration fees, land registry fees, mortgage registration fees, and the notary's fees. These fees typically represent between 5% and 7% of the property's purchase price.