For several years now, Morocco has put in place measures to facilitate and secure real estate investment by foreigners, without the need for them to reside in Morocco.
In order to take advantage of these incentives and facilitation measures, it is however advisable to be well accompanied in the acquisition process.
Suspension clauses are extremely important because they protect the parties as to their respective obligations and the impact of events beyond their control on the non-fulfilment of these obligations. The most common ones are the non-obtaining of a bank loan, the non-obtaining of a building permit or of a housing permit or the non-obtaining of the VNA (non-agricultural vocation). The role of the notary in ensuring that all these conditions are correctly mentioned by both parties is essential, as Moroccan law does not impose any suspensive conditions by default, as is the case in France or Belgium, for example.
