What does it cost
What does it cost
Notarial fees are just a small part of the amount paid at the notary office. The bulk of the invoice comprises a provision to cover taxes, registrars' fees and other expenses that arise and that the notary pays on behalf of the client.
Besides, the notarial invoice covers the entire extra-judicial public record service: offices, salaries of the professional team, civil liability insurance, computerisation, binding and archiving of notarial instruments, maintenance of notarial colleges… only a small part corresponds to the notary's own fees. Notaries are obliged to provide you with an invoice detailing their services and the corresponding costs. If you have any queries about your invoice, the notarial college will examine it for you free of charge.
Notaries apply a fixed tariff established by the Government in 1989, which has not been revised since then.The tariff is the remuneration for the notarial function, and the system financing preventive legal certainty.
All notaries in Spain charge the same amount for an identical service (they may apply a discount of 10%). Competition among them is based only on quality. This guarantees access by all citizens, irrespective of their income, to the preventive legal guarantee services provided by notaries.
The current notarial tariffs were established by Royal Decree 1426/89, of 17 November 1989, published in the Official State Gazette of 28 November. The Spanish tariffs are, after those in Portugal, the lowest in Europe.
At the notary office, users often only attend to sign the agreement or contract, but this is the final outcome of a long, complex, painstaking and precise task. It has been demonstrated that the cost of the notarial tariff is far lower than the social and economic costs and damages avoided through the involvement of a notary.
A number of the values of notarial practice that help users save money:
- They perform a role as mediator and obtain relevant information for the contracting parties, advising them and checking veracity, thereby reducing the corresponding expenses incurred by the private individuals themselves.
- They often act as an arbiter, helping to reconcile the interests of the individuals availing themselves of their services, and avoiding other types of legal confrontation.
- They draw up the corresponding notarial document, adapting and modifying it in each specific case.
- They turn a contract into an act of public record, and guarantee fulfilment, leaving it ready for execution and ensuring the users' peace mind.
- Together with the Notarial Corporation, they preserve and archive documents for at least a hundred years at no additional cost.
Social tariff reduction
Authentic instruments for purchases and mortgage loans for Social Housing (known as 'VPO' in Spain) are subject to social tariff reductions. The same applies to documents affecting public authorities and public enterprises.
Since 1989, a large number of aws have made provision for tariff reductions in notarial procedures.
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