Document background
The Generic Property Sales Agreement (Koopovereenkomst) is a fundamental legal instrument in Dutch real estate transactions, essential for both residential and commercial property transfers in the Netherlands. This document serves as the primary agreement between parties for the sale and purchase of real property, incorporating requirements from the Dutch Civil Code and property law. It is typically used when parties have reached principal agreement on the sale terms and need to formalize the transaction. The agreement must be executed before a Dutch civil law notary and includes crucial elements such as property description, purchase price, transfer conditions, warranties, and completion requirements. It forms the basis for the notarial deed of transfer (leveringsakte) and ensures compliance with Dutch property transfer regulations, including transfer tax provisions and registration requirements.
