Document background
The Real Estate Agreement Of Purchase And Sale (koopovereenkomst) is a crucial document used in Dutch property transactions to formalize the agreement between a seller and buyer of real estate property. This document is required whenever real property is bought or sold in the Netherlands, whether for residential, commercial, or industrial purposes. It serves as the preliminary agreement that precedes the mandatory notarial transfer deed and must comply with specific requirements under Dutch law, including the Dutch Civil Code (Burgerlijk Wetboek). The agreement includes essential elements such as property details, purchase price, transfer conditions, warranties, and specific Dutch legal requirements like the cooling-off period for residential properties. It forms the basis for the property transfer process and requires careful consideration of various legal, financial, and practical aspects of the transaction.
