Forecast your costs
Forecast your costs
Understanding “notary fees”
The “frais de notaires” or “frais d’acquisition” associated with the signature of any certified deed in France refer to all of the amounts that are invoiced by the notary.
In actual fact, these terms cover three different expenses:
- Payment for the notary,
- The costs that are paid to third parties, and
- The duties, taxes and contributions that are paid to the State.
Payment for the notary
In the context of a certified deed, notaries may receive two types of remuneration: émoluments or honoraires.
n view of the status of notaries and in order to ensure the equality of all citizens in terms of the legal instruments requiring work by a public official (real estate sales, marriage contracts, declarations of succession, etc.), the authorities have defined a national tariff that applies to all notaries and their customers.
Émoluments are either proportional to the value of the transactions covered by the instrument or are fixed. The amount of the remuneration and the calculation method are stipulated by law.
Therefore, all customers pay the same amount for the same transaction, regardless of their resources, the complexity of the case, the experience or the position of the notary.
VAT of 20% applies to émoluments.
or instruments and services that are not covered by this tariff, notaries can invoice honoraires from their customers. Honoraires are set by mutual agreement between the notary and their customers. This remuneration applies in particular for commercial leases, corporate law, businesses, etc.
VAT of 20% applies to honoraires.
n the course of preparing your file, notaries work with different participants who are tasked with producing the documents required for the transaction (land registration, town planning, administration, co-owners’ property manager, expert surveyor, etc.).
The notary pays the fees to these participants on behalf of their customers.
The costs that you pay to the notary actually cover these expenses.
The duties, taxes and contributions that are paid to the state
Before the sale, the notary sends you an “état prévisionnel de frais” (provisional statement of fees) assessing the different expenses (fees, costs, taxes) that you must pay on the date of signature.
On the day of the sale, you pay the notary a “provision”.
The final costs will be known after the performance of all of the formalities resulting from the signature of the instrument.
Your notary then sends you an invoice and prepares a final balance, reimbursing you for any excess paid for the provision or asking you to pay any outstanding amounts if the provision was inadequate.
Prud’homme & Baum, notaries in a Partnership, Paris,
advises and guides you every step of the way.