Who pays the notary expenses for transfer of Bulgarian real estate?
Last update: 2008-05-09 07:06:56
The parties could stipulate in the Preliminary contract or otherwise the distribution of payment of notary fees and taxes between themselves. According to art. 186 of the Contracts and Obligations Act, in case of lack of other stipulation the parties should pay the notary expenses in equal parts. According to art. 45, p. 1 of the Local Fees and Taxes Act, the local tax (the heaviest notary expense) is for the Buyer. Art. 45, p. 1 of the Local Fees and Taxes Act should be considered as particular with regard to art. 186 of the Contracts and Obligations Act. Therefore, if there isn't other stipulation between the parties, they should split in equal parts the registry and notary fee. The Buyer should undertake the payment of the entire local tax.