Notary Fees

Definition

Basic Definition

Notary fees are the legally prescribed charges for notarial services according to the Court and Notary Fees Act (GNotKG), which are based on the transaction value and do not allow for price negotiations.

Detailed Explanation

Notary fees are the legally prescribed charges incurred for all notarial services according to the Court and Notary Fees Act (GNotKG). Whether it's the certification of a GmbH formation, a purchase agreement, a will, or signature authentication, the notary fees are subject to a nationwide uniform tariff, ensuring price transparency and comparability. The amount is primarily determined by the transaction value: For a GmbH formation with a share capital of €25,000, the notary fees according to the table are around €300 plus disbursements and VAT; a simple signature authentication usually costs between €20 and €70. Free pricing is not allowed, and notaries may not grant discounts. Founders and property buyers should incorporate the notary fees into their budget planning early, as notaries submit documents to the commercial or land registry only after payment of the cost advance. An online notary fee calculator or a look at the official notary fee table facilitates precise calculation. Those wishing to compare or calculate notary fees should always refer to the current rates of the GNotKG to avoid unpleasant surprises.

Related Terms