Document background
The Deed Of Sale By Co Owners Of Undivided Property is a specialized legal instrument used in the Netherlands when multiple parties who jointly own an undivided property wish to sell their collective interest. This document is essential in situations where property is held in joint ownership without physical division, such as inherited properties or joint investment properties. It must comply with Dutch Civil Code requirements, particularly Books 3, 5, and 7, and requires execution before a civil law notary. The deed includes crucial elements such as detailed property description, specification of ownership shares, purchase price allocation, and tax implications. It's particularly important in ensuring clear title transfer and protecting all parties' interests in complex co-ownership situations. The document serves as the basis for registration in the Dutch Land Registry (Kadaster) and handles the formal requirements for transfer tax administration.
