Property for Sale in Tunisia

The Property Banks Buyers Guide to Tunisia

Procedure 1.
Consultation of pending encumbrances on the property at the Regional Land Registry
Time to complete: 7-10 days
Cost to complete: TND 10 (Non-encumbrance certificate)
Comment: The parties generally conduct a search for pending encumbrances of the property prior to the notarization of the contract step.
The property registry delivers to the parties (requesting it) a certificate showing the legal situation of the land (or the building).

Procedure 2.
Preparation and notarization of the contract
Time to complete: 7 days
Cost to complete: 0.1% of property value (contract) + TND 0.5 per signature (notarization)
Comment: The contract agreement is prepared by a lawyer or notary public after consultation with the property registry services. Both parties are summoned to sign it.
The contract is notarized by a public notary

Procedure 3.
Pay the transfer tax and the registration fee at the Local Tax Office
Time to complete: 1 day
Cost to complete: 5% of property value (transfer tax) + 1% of property value (registration fee)
Comment: Fees and taxes should be paid before application for registration.
Procedure 4.
The buyer files for a title deed at the Land Property Administration
Time to complete: 30 days
Cost to complete: TND 20
Comment: The filing for a title deed is part of registration process
The Land Property Administration studies the application. If accepted, the operation is deposited and transcribed onto the Regional Land Registry.

The documentation shall include:
Power of attorneys.
Identification of representatives to the parties.
Topographic plans of the property provided by the seller.
Company authorization of transfer.
Notarized contract (obtained in Procedure 2)
Payment receipts for transfer tax and registration fees (obtained in Procedure 3)

Procedure 5. A
After the registration is complete, the buyer files for a property certificate at the Regional Land Registry
Time to complete: 10 days
Cost to complete: TND 10
Comment: The filing for a property certificate is part of registration even though theoretically the "registration" is already complete.





Information

Location: Africa
Status: UN Country
Capital City: Tunis
Main Cities: Sfax, Sousse, Bizerta
Population: 8,757,000
Area: 163,610 km2
Currency: 1 dinar = 1,000 millimes
Languages: Arabic
Religions: Muslim

 

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