Document background
The Letter of Agreement to Sell Property is a crucial document in Dutch property transactions, serving as the initial binding agreement between buyer and seller before the final notarial deed is executed. This document is typically used after parties have reached verbal agreement on the main terms of the sale but before the formal transfer process begins. It includes essential information such as property details, purchase price, completion date, and any specific conditions that must be met. Under Dutch law, while this agreement is preliminary in nature, it creates legally binding obligations for both parties. The document must comply with requirements set out in the Dutch Civil Code (Burgerlijk Wetboek) and should be drafted with sufficient clarity to avoid potential disputes and ensure a smooth progression to the final property transfer.
