Deed Of Conditional Sale Template for Belgium

The Deed of Conditional Sale is a crucial document in Belgian property transactions where the completion of the sale depends on fulfilling specific conditions. It serves as an intermediate step between the initial sales agreement (compromis de vente) and the final deed of sale, providing a formal framework for property transfers that require certain prerequisites to be met. This document type is particularly useful when dealing with situations involving mortgage approvals, building permits, or other contingencies that need to be satisfied before the sale can be finalized. Being a notarial deed, it must comply with Belgian federal and regional property laws, offering strong legal protection for all parties involved. The document includes comprehensive details about the property, parties, conditions, timelines, and consequences of condition fulfillment or failure, making it essential for complex property transactions in Belgium.

1. Notarial Introduction: Formal introduction including date, notary identification, and location of deed execution

2. Parties: Detailed identification of seller(s) and buyer(s), including full legal names, addresses, and civil status

3. Background: Context of the sale, including property history and parties' intentions

4. Definitions: Key terms used throughout the deed

5. Property Description: Detailed description of the property, including cadastral details, boundaries, and built area

6. Title Deeds: History of ownership and previous transfers

7. Sale Conditions: Core conditions that must be fulfilled for the sale to become final

8. Purchase Price: Agreed price, payment terms, and deposit arrangements

9. Transfer of Ownership: Timing and process of ownership transfer upon fulfillment of conditions

10. Representations and Warranties: Seller's declarations regarding the property's status and compliance

11. Risk and Insurance: Allocation of risk and insurance obligations during the conditional period

12. Completion Requirements: Steps to be taken upon fulfillment of conditions

13. Default and Remedies: Consequences of breach or non-fulfillment of conditions

14. Notarial Declarations: Mandatory legal declarations and tax statements

15. Closing Provisions: Final formal statements and signature requirements