Rates

The main principles

Since Law No. 2015-990 of 6 August 2015, for economic growth and equity of economic opportunity (the “MACRON” Act), the rates for certain law professionals, including those regulating notarial deeds, have been revised.

The rates are set by the Order of 26 February 2016, and Decree No. 2016-230 of the same day, the whole being amended by the Order of 28 February 2020, and Decree No. 2020-179 of the same day and which enforcement has been deferred until 1st January 2021. These rates are codified in Article R444-3 of the French Commercial Code.

These texts also allowed notaries to offer – under certain limitations and conditions – discounts when they are displayed by type of deeds, identical to all clients and without possible negotiation.

On the share of emoluments attributable to it, our Practice offers these discounts:

Rates for deeds

To view the rate for deeds resulting from the Order of 28 February 2020, click on the following links:

ORDER OF 26 FEBRUARY 2016
ORDER OF 28 OCTOBER 2016
ORDER OF 28 FEBRUARY 2020

Our discounts

Rate effective from 18 March 2021

We inform our clients that we practice to date, for the share of emoluments attributable to our Practice, the following discounts*:

Rate effective from 18 March 2021

1.1. Residential sector real estate sales (excluding the social sector) (Art. A 444-91 of the French Commercial Code – No. 54 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0  to €20.000.000 0 %
Above €20.000.000 10 % (maximum discount allowed)

1.2. Non-residential sector real estate sales (excluding the social sector) (Art. A 444-91 of the French Commercial Code – No. 54 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €20.000.000 0 %
From €20.000.000 to €30.000.000 20 %
From €30.000.000 to €40.000.000 30 %
Above €40.000.000 40 % (maximum discount allowed)

1.3. Social sector real estate sales (Art. A 444-98 and A 444-99 of the French Commercial Code – No. 62 and 65 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €10.000.000 0 %
From €10.000.000 to €20.000.000 5 %
From €20.000.000 to €30.000.000 15 %
From €30.000.000 to €40.000.000 20 %
Above €40.000.000 40 % (maximum discount allowed)

* These discounts are determined regardless of any regulatory social and professional contributions to which these emoluments may be subject.

Rate effective from 18 March 2021

2.1. REAL ESTATE LEASE OPERATION

2.1.1. SALE BY A THIRD PARTY TO THE LEASING COMPANY ** (Art. A 444-129 of the French Commercial Code – No. 113 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €20.000.000 0 %
From €20.000.000 to €30.000.000 10 %
From €30.000.000 to €40.000.000 20 %
Above €40.000.000 40 % (maximum discount allowed)

** Excluding sale by the user.

2.1.2. REAL ESTATE LEASE (Art. A 444-130 of the French Commercial Code – No. 114 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €20.000.000 0 %
From €20.000.000 to €30.000.000 10%
From €30.000.000 to €40.000.000 20%
Above €40.000.000 40% (maximum discount allowed)

2.1.3. DISPOSAL OF REAL ESTATE LEASE (Art. A 444-132 of the French Commercial Code – No. 116 and 117 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €20.000.000 0 %
From €20.000.000 to €30.000.000 10 %
From €30.000.000 to €40.000.000 20 %
Above €40.000.000 40 % (maximum discount allowed)

2.1.4. SALE TO USER (Art. A 444-131 of the French Commercial Code – No. 115 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 € to €10.000.000 0 %
From €10.000.000 to €25.000.000 15 %
From €25.000.000 to €40.000.000 30 %
Above €40.000.000 40 % (maximum discount allowed)

2.2. Other business financing operations involving real property or title over real property for non-residential use

2.2.1. Mortgage intented to finance a business activity (Art. A 444-139 of the French Commercial Code – No. 128 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €20.000.000 0 %
From €20.000.000 to €30.000.000 10 %
From €30.000.000 to €40.000.000 20 %
From €40.000.000 to €45.000.000 30 %
Above €45.000.000 40 % (maximum discount allowed)

2.2.2. Mortgage allocation (Art. A 444-136 of the French Commercial Code – No. 123 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €20.000.000 0 %
From €20.000.000 to €30.000.000 10 %
From €30.000.000 to €35.000.000 20 %
From €35.000.000 to €40.000.000 30 %
Above €40.000.000 40 % (maximum discount allowed)

2.2.3. Discharge (Art. A 444-161 of the French Commercial Code – No. 164 and 166 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €15.000.000 0 %
From €15.000.000 to €20.000.000 10 %
From €20.000.000 to €30.000.000 20 %
From €30.000.000 to €35.000.000 30 %
Above €35.000.000 40 % (maximum discount allowed)

2.2.4. Time extension (Art. A 444-168 of the French Commercial Code – No. 177 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €10.000.000 0 %
Above €10.000.000 40 % (maximum discount allowed)

2.2.5. Demand guarantee/on demand bond (« cautionnement ») (Art. A 444-127 of the French Commercial Code – No. 111 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €20.000.000 0 %
From €20.000000 to €30.000.000 20 %
Above €30.000.000 40 % (maximum discount allowed)

2.2.6. Pledge (« nantissement ») (Art. A 444-148 of the French Commercial Code – No. 146 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €20.000.000 0 %
From €20.000.000 to €30.000.000 20 %
Above €30.000.000 40 % (maximum discount allowed)

2.2.7. Disposal of debts (Art. A 444-91 of the French Commercial Code – No. 54 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 € to €10.000.000 0 %
Above €10.000.000 40 % (maximum discount allowed)

2.2.8. Priority agreement/deed of priority/intercreditor deed (Art. A 444-126 of the French Commercial Code – No. 109 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €20.000.000 0 %
Above €20.000.000 40 % (maximum discount allowed)

2.3. Other business financing operations involving real property or title over real property for residential use

2.3.1. Mortgage (Art. A 444-139 of the French Commercial Code – No. 128 of Table 5 appended to Article R.444-3 of the French Commercial Code and Art. A 444-174, 2°, of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €20.000.000 0 %
Above €20.000.000 10 %

2.3.2. Mortgage Allocation (Art. A 444-136 of the French Commercial Code – No. 123 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €20.000.000 0 %
Above €20.000.000 10 %

 

* These discounts are determined regardless of any regulatory social and professional contributions to which these emoluments may be subject.

Rate effective from 18 March 2021

3.1. Long-term lease (Art. A 444-103 of the French Commercial Code – No. 70 to 77 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €10.000.000 0 %
From €10.000.000 to €20.000.000 5 %
From €20.000.000 to €30.000.000 15 %
From €30.000.000 to €40.000.000 20 %
Above €40.000.000 40 % (maximum discount allowed)

3.2. Construction lease (portion calculated on all components) (Art. A 444-104 of the French Commercial Code – No. 78 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €10.000.000 0 %
From €10.000.000 to €20.000.000 5 %
From €20.000.000 to €30.000.000 15 %
From €30.000.000 to €40.000.000 20 %
Above €40.000.000 40 % (maximum discount allowed)

3.3. Disposal of long-term lease or construction lease (Art. A 444-106 of the French Commercial Code – No. 80 to 82 of Table 5 appended to Article R.444-3 of the French Commercial Code)

Portion of Base in € Rate of Discount % (for the relevant portion)
From €0 to €10.000.000 0 %
From €10.000.000 to €20.000.000 5 %
From €20.000.000 to €30.000.000 15 %
From €30.000.000 to €40.000.000 20 %
Above €40.000.000 40 % (maximum discount allowed)

* These discounts are determined regardless of any regulatory social and professional contributions to which these emoluments may be subject.

Rate effective from 18 March 2021

4.1. INDUSTRIAL SECTOR OPERATIONS (excluding the social sector)

Portion of Base in € Rate of Discount %
(for the relevant portion)
From €0 to €10.000.000 0 %
Above €10.000.000 10 %
(maximum discount allowed)

4.2. NON-RESIDENTIAL SECTOR AND SOCIAL SECTOR OPERATIONS

Portion of Base in € Rate of Discount %
(for the relevant portion)
Above de €10.000.000 40 %
(maximum discount allowed)

* These discounts are determined regardless of any regulatory social and professional contributions to which these emoluments may be subject.