Document background
The Buy Sell Agreement (Real Estate) is a fundamental legal document used in Dutch property transactions to formalize the sale and purchase of real estate in the Netherlands. This agreement is essential whenever real property is being transferred between parties and must conform to specific requirements under Dutch law, particularly the Dutch Civil Code. It serves as the primary contract documenting the agreed terms of sale, including property details, price, conditions, and warranties. The document is typically prepared following initial negotiations and before the mandatory notarial deed of transfer (leveringsakte), forming the basis for the eventual transfer of ownership. It must address specific Dutch legal requirements such as the three-day cooling-off period for residential properties, soil quality declarations, and any applicable municipal pre-emptive rights. The agreement is particularly important as it establishes binding obligations between parties before the formal transfer occurs at the notary's office.
