MOROCCO Law and Practice Contributed by: Loris Marghieri, Dounia El Aissaoui, Julien Nouchi and Mounia Larhrissi, Gide Loyrette Nouel
Gide Loyrette Nouel Tour Crystal 1, Boulevard Sidi Mohamed Ben Abdellah Quartier Casablanca Marina 20030 Casablanca Morocco Tel: +212 5 22 48 90 00 Email: morocco@gide.com Web: www.gide.com
1. General 1.1 Main Sources of Law The main sources of real estate legislation are as follows (non-exhaustive list): • the Code of Obligations and Contracts dated 12 August 1913 regulating the general rules of contract law; • Law No 40-24 dated 6 September 2024 amending and supplementing Article 573 of the Code of Obligations and Contracts; • Law No 39-08 dated 22 November 2011 forming the Real Property Code; • Law No 14-07 dated 22 November 2011 amending and supplementing the Dahir of 12 August 1913 on land titling; • Law No 107-12 dated 3 February 2016 amending Law No 44-00 on off-plan sales; • Law No 18-00 dated 3 October 2002 regu - lating the co-ownership rules applicable to erected buildings; • Law No 12-90 dated 17 June 1992 on urban planning; • Decree No 2-18-475 of 12 June 2019 set - ting out the procedures and terms for grant - ing renovation, regularisation and demolition permits;
• Law No 25-90 dated 17 June 1992 on allot - ments, housing groups and subdivisions; • Law No 67-12 dated 19 November 2013 governing contractual relations between land - lords and tenants of premises for residential or professional use; • Law No 49-16 dated 18 July 2016 relating to the leases of buildings or premises rented for commercial, industrial or artisanal use; • Law No 12-03 dated 12 May 2003 on envi - ronmental impact assessments; • Law No 07-03relating to the revision of rent for residential, professional, commercial, industrial or craft premises; • Law No 47-18 dated 21 February 2019 on Regional Investment Centres; • Law No 70-14 dated 24 August 2016 intro - ducing the Organismes de Placement Col - lectif Immobilier (OPCI) investment vehicle dedicated to real estate (similar to a real estate investment trust (REIT)); • Law No 62-19 dated14 July 2021enacting special provisions relating to the acquisition by joint stock companies or limited liabil - ity partnerships of agricultural property or property intended for agricultural use outside urban areas;
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