If you intend to buy a property in Mauritius, the notary is there to advise you, to verify or cancel your project. Real-estate negotiation is one of the traditional activities of the notary; it is he who prepares the Original Sale Contracts for his customers, ensuring the security of the negotiations.
Having a very comprehensive real-estate data base, he has from a good knowledge of the market and the current rates. He can then determine a fair price of your property and conclude the sale in a reasonable time. The notary also performs expertise, property law, the tax system and the private asset management. He will go through the best way of buying with you, taking into consideration your domestic, marital and professional situations.
Present from the beginning to the end of the negotiations, you can entrust your notary with your entire real-estate project: from the signature of the preliminary contract to the final sale document, the administrative formalities, as well as the calculation of the various taxes and their declaration.
The required documents
Documents required by the buyer’s notary
- Passport photo
- Photocopy of ID card
- Birth certificate
- Marriage certificate
- Divorce certificate (if applicable)
- Address
- Profession
Documents required by the seller’s notary
- Passport photo
- Photocopy of ID card
- Birth certificate
- Marriage certificate
- Divorce certificate (if applicable)
- Clearance certificate (contact the local council)
- Certificate of sewerage system (Waste Water Authority)
- Situation Plan + Site plan or Location plan
- Title Deed and regulations of co-ownership
- Syndic Letter (clearance)
- A letter of dispensation for ‘floating charges’
Costs
As a buyer of property in Mauritius you will face the following legal costs:
Notary fees are calculated as follows:
- 2% on the first Rs 250 000.
- 1.5% on the next Rs 500 000.
- 1% on the next Rs 1 000 000.
- 0.5 % on the remaining sum
In addition, there is the VAT which is 15%, as well as different expenses which vary from one notary to another.
