Document background
The Property Purchase Agreement (Koopovereenkomst) is a fundamental legal document used in the Netherlands for real estate transactions. It serves as the primary contract between parties when transferring property ownership, whether for residential, commercial, or industrial properties. This document must comply with specific requirements under Dutch law, including the Dutch Civil Code and property registration regulations. It is used whenever real estate is bought or sold, and must be executed in the presence of a Dutch civil law notary for the transfer to be legally valid. The agreement typically precedes the notarial deed of transfer (leveringsakte) and includes crucial information about the property, parties involved, purchase price, transfer conditions, and any specific arrangements between parties. It also incorporates important Dutch market practices and legal protections, such as the mandatory cooling-off period for residential properties and provisions regarding the property's condition and potential defects.
