STANDARDIZED PROPERTY
Property value: 138,597,732
City: Libreville

Registration Requirements:

 
Procedure 1. Buyer and seller contract the notary 
Time to complete: 1 day
Cost to complete: 10.5% property value (notary fees plus other taxes and fees)
Comment: It is standard practice for the buyer and the seller, as companies, to contract a notary to conduct all procedures. They pay his fees and the transfer taxes/fees to be incurred at the time of contracting him. 
Procedure 2. Obtain authorization from the court to search the title
Time to complete: 21 days
Cost to complete: FCFA 10,000 
Comment: One must obtain authorization from the court to search the title at the registry. It takes 21 days to obtain this written ordinance. 
Procedure 3. Search the title at the property registry (Conservation Fonciere)
Time to complete: 7 - 14 days
Cost to complete: (included in procedure 1)
Comment: One obtains an official copy of the title from the registry. The title includes all relevant information on the property, such as its history of ownership, delimitations of the property and the building.
Procedure 4. Check for unpaid utilities bills at the SEEG (Service de l'Eau et de l'Electricite de Gabon)
Time to complete: 1 day
Cost to complete: no cost
Comment: It is standard practice to check for any unpaid utilities bills associated with the property prior to the transfer. The parties or the notary can do this.
Procedure 5. Notary drafts and parties execute the sale-purchase agreement
Time to complete: 1 day
Cost to complete: (included in procedure 1)
Comment: It is standard for the notary to draft the sale-purchase agreement for the parties, which they then sign. The notary then notarizes the signed agreement.
Procedure 6. Register the sale purchase agreement at the land administration (Service des Domaines)
Time to complete: 10 days
Cost to complete: (included in procedure 1)
Comment: The sale purchase agreement is registered at the Service des Domaines, or the administrative authority that keeps the technical records on lands. If there is a mortgage, there is a 0.3% property value fee. 
Procedure 7. Register the sale-purchase agreement at the property registry (Conservation Fonciere)
Time to complete: 14 days
Cost to complete: 0.6% property value (registration fees-included in procedure 1)
Comment: The registrar transcribes the transfer and publishes it in the registry books under the name of the new owner.
Procedure 8. Collect the new title from the property registry (Conservation Fonciere)
Time to complete: 1 day
Cost to complete: (included in procedure 7)
Comment: The Land registrar issues the buyer a copy of the land title. After publication, the land title is prepared and issued to the new owner in his name.
 
Note: Procedures sometimes take place simultaneously. Instances of this are marked with an asterisk (*).