Document background
A Letter of Offer to Purchase Property is a crucial initial document in Dutch property transactions, serving as the formal expression of intent to purchase real estate in the Netherlands. This document is typically used when a prospective buyer has identified a property of interest and wishes to make a formal offer after preliminary negotiations. It contains essential information including the property details, offered purchase price, proposed completion date, and any conditions precedent. Under Dutch law, while this letter creates certain legal obligations, it precedes the formal purchase agreement (koopovereenkomst) and must comply with specific requirements of the Dutch Civil Code. The document is particularly important as it can form the basis for further negotiations and the eventual purchase agreement, making it essential to include all relevant terms and conditions accurately.
