- Professional News
- 07 August 2013
Increase in German notary fees
On 1 august, notary fees paid for real estate deals and business transfers in Germany increased by approximately 15 per cent.
According to German law, attestation by a notary is required in legal transactions, such as real estate deals and transfers of undertakings. On 1 August 2013, a new act entered into force resulting in fees and service charges paid for a number of legal transactions increasing by an average percentage of 15.
Fees and services charges have been left untouched for the last 26 years and the increase should simply be seen as an adjustment exercise to keep up with the general economic development.
Notary fees and service charges in Germany are fixed by law and the amounts of such fees and charges are conditional upon the type and value of the legal transaction.
(Bundesgesetzblatt no. 43 of 29 July 2013 (http://www.bgbl.de), (Die Welt, 7 July 2013)