Document background
A Letter Of Intent To Purchase (Real Estate) is a crucial preliminary document used in Dutch real estate transactions to establish the framework for property acquisition negotiations. This document is typically employed when parties have reached initial agreement on key terms but need to formalize their intentions before proceeding with detailed due diligence and final contract negotiations. While predominantly non-binding, it contains certain binding elements such as confidentiality and exclusivity provisions. The document is particularly important in the Netherlands due to the specific requirements of Dutch property law and the formal nature of real estate transactions, which ultimately require notarial execution. It serves as a roadmap for the transaction, outlining key terms, conditions, timelines, and processes while protecting both parties' interests during the negotiation phase.
