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Residential Purchase Contract
"I need a Residential Purchase Contract under Dutch law for a listed monument apartment in Amsterdam, including specific provisions for monument status and VvE membership, with completion planned for March 2025."
1. Parties: Identification of the seller(s) and buyer(s) with full legal names, addresses, and other relevant details
2. Background: Brief context of the transaction and confirmation that parties wish to enter into this agreement
3. Definitions: Key terms used throughout the agreement including Property, Purchase Price, Transfer Date, etc.
4. Object of Sale: Detailed description of the property including address, land registry details, and what is included in the sale
5. Purchase Price: Agreed purchase price, payment terms, deposit requirements, and transfer of funds through the notary
6. Transfer of Ownership: Conditions for transfer, choice of notary, and deadline for deed of transfer
7. Current State of the Property: Warranties regarding the condition of the property, known defects, and 'as is' provisions
8. Use of the Property: Current use, warranties regarding legal use, and any restrictions
9. Representations and Warranties: Standard warranties by seller regarding ownership, encumbrances, and third-party rights
10. Transfer and Risk: Point of transfer of risk and insurance obligations
11. Delivery Requirements: Condition in which the property must be delivered, including fixtures and fittings
12. Cancellation Rights: Circumstances under which the agreement can be cancelled and associated penalties
13. Default: Consequences of breach by either party
14. Notices: How formal communications between parties should be made
15. Governing Law: Confirmation that Dutch law applies and jurisdiction of Dutch courts
1. Financing Condition: To be included when buyer requires mortgage financing, typically with a specific deadline
2. Building Inspection Condition: Include when buyer wishes to have a building inspection performed before final commitment
3. Asbestos Clause: Include for properties built before 1994 where asbestos might be present
4. Ground Lease: Include when property is subject to ground lease (erfpacht)
5. Monument Status: Include when property is a listed building or monument
6. Soil Pollution: Include when there is known soil contamination or investigation is needed
7. Occupancy Status: Include when property is currently leased or when existing occupancy agreements need to be addressed
8. Owners Association (VvE): Include for apartments, detailing VvE membership and obligations
9. National Mortgage Guarantee (NHG): Include when purchase involves National Mortgage Guarantee scheme
10. Energy Performance: Include specific provisions about energy performance improvements or guarantees
1. List of Included Items: Detailed list of fixtures, fittings, and other items included in the sale
2. Property Information Form: Completed seller's property information form (vragenlijst)
3. Land Registry Extract: Recent extract from the Land Registry (kadaster)
4. Energy Performance Certificate: Current energy label certificate for the property
5. Floor Plans: Official floor plans and measurements of the property
6. Photographs: Current photographs of the property's interior and exterior
7. VvE Documents: For apartments: recent financial statements, minutes, and other VvE documentation
8. Building Inspection Report: If conducted, the full building inspection report
9. List of Repairs: Agreed list of repairs to be completed before transfer
10. Environmental Reports: Any environmental or soil reports if relevant
Authors
Real Estate
Legal Services
Financial Services
Property Development
Construction
Insurance
Banking
Property Management
Notarial Services
Public Sector
Legal
Real Estate
Compliance
Risk Management
Property Management
Client Services
Documentation
Contract Administration
Due Diligence
Transaction Support
Real Estate Agent
Property Lawyer
Notary
Legal Counsel
Property Manager
Mortgage Advisor
Real Estate Transaction Manager
Compliance Officer
Property Surveyor
Contract Manager
Real Estate Portfolio Manager
Legal Assistant
Property Documentation Specialist
Risk Assessment Officer
Client Relations Manager
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