Document background
The Offer Letter For House is a crucial document in Dutch residential property transactions, serving as the formal initiation of the purchase process. This document is typically prepared when a potential buyer has identified a property they wish to purchase and wants to formalize their interest with a written offer. Under Dutch law, particularly the Civil Code (Burgerlijk Wetboek), such offers must include specific elements to be legally valid. The letter typically includes the proposed purchase price, payment terms, completion date, and any conditions precedent such as financing arrangements or building inspection requirements. It also acknowledges the mandatory three-day cooling-off period that applies to residential property purchases in the Netherlands. This document forms the basis for subsequent negotiations and, if accepted, leads to the formal purchase agreement (koopovereenkomst).
