Buying land , selling a house, or making a real estate investment is never a trivial matter. This is where the notary in Ivory Coast , an essential professional responsible for securing and authenticating all your real estate transactions. Yet, many people are still unaware of their precise role, their responsibilities, and the crucial importance they hold in each transaction. This article will guide you step by step to better understand why the notary is indispensable in your real estate journey.
What exactly is a notary?
In Côte d'Ivoire, a notary is a public official appointed by the State. Their primary role is to draw up authentic deeds, which have greater legal force than a simple document signed between private individuals. In practical terms, this means that notarized deeds can only be challenged through a highly complex procedure, thus guaranteeing maximum security for your transactions.
Imagine, for example, that you are buying a house in Abidjan. You absolutely must go through a notary to validate and secure the deed of sale. The notary will ensure, among other things, that the property truly belongs to the seller, that there are no hidden mortgages, and that all administrative and tax formalities are respected.
The main duties of a notary in Ivory Coast
The notary's role is not limited to authenticating real estate documents. Their duties extend far beyond that and cover numerous areas.
First, he meticulously verifies the property titles. Let's say you want to buy land in Yamoussoukro. The notary will analyze the property's history, the identity of previous owners, and confirm that the land is not subject to any dispute. This step is essential to avoid any unpleasant surprises later on.
Next, he handles the filing and safekeeping of the documents. Each notarial act is carefully preserved in his office, thus guaranteeing its long-term integrity. Imagine the peace of mind this security offers when you make a long-term investment such as buying an apartment or commercial building in San Pedro or Bouaké.
Finally, the notary plays a crucial advisory role. Whether you are a seller, buyer, or real estate investor, they can answer all your legal and tax questions. For example, in the case of an inheritance involving real estate in Grand-Bassam, they will guide you through all the often complex administrative procedures.
Why is it mandatory to go through a notary?
In Côte d'Ivoire, it is legally mandatory to use the services of a notary for all major real estate transactions. This legal requirement aims to protect citizens against fraud or potential legal disputes.
Let's take a concrete example: a family wants to sell a plot of land in Cocody. Even if all parties agree verbally, only the involvement of a notary guarantees the official validity of the sale. Without one, the sale would not be recognized by the Ivorian authorities, which could lead to costly and protracted legal disputes.
How much do a notary's services cost?
Notary fees in Ivory Coast are generally regulated by law. They depend primarily on the type of transaction and the value of the property involved. For example, for an apartment in Abidjan valued at 50 million CFA francs, notary fees will represent on average 7 to 8% of the total price, including taxes and administrative costs.
While these costs may seem high at first glance, they are essential to guarantee the complete legal security of your investment. The amount paid includes not only the notary's fees, but also all taxes owed to the state and the various formalities necessary for the successful completion of your real estate project.
How to choose the right notary in Ivory Coast?
To choose a notary , prioritize geographical proximity and reputation. For example, if your transaction involves a property in Abobo, opt for a notary's office located in North Abidjan or easily accessible from your home or workplace. Also, consult your network or online reviews to select a professional known for their thoroughness, availability, and sound advice.
The notary is therefore a key player in the Ivorian real estate landscape. A true guarantor of the legal security of your real estate transactions, their role extends far beyond simply drafting documents. They are a valuable ally who supports, advises, and protects you throughout your real estate journey. Taking the time to carefully choose your notary and fully understand their responsibilities will allow you to successfully complete all your real estate projects in Côte d'Ivoire with complete confidence and peace of mind.
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