Document background
The Agreement Of Purchase And Sale (Real Estate) is a crucial legal document used in Belgian property transactions to formalize the transfer of real estate ownership. It serves as both a preliminary agreement (compromis de vente/verkoopcompromis) and the basis for the final notarial deed. This document is essential whenever real property is being transferred in Belgium, whether between private individuals, companies, or a combination thereof. It must comply with federal Belgian law, including the Civil Code, as well as regional property regulations. The agreement includes mandatory elements such as property details, price, payment terms, and various certificates required by Belgian law (energy performance, soil condition, urban planning). It also addresses specific Belgian requirements like notary involvement, registration duties, and mortgage arrangements. The document's format and content are influenced by Belgian legal practice and local real estate customs, making it distinct from similar agreements in other jurisdictions.
