Document background
The Preliminary Sale Contract is a crucial document in Belgian property transactions, serving as the first formal and binding step in the property transfer process. It is used when parties have reached agreement on the essential elements of a property sale but before the final notarial deed is executed. The document captures key details including property description, price, payment terms, conditions precedent, and various mandatory certificates required under Belgian federal and regional laws. While appearing preliminary in nature, this contract creates significant legal obligations, with financial penalties for non-compliance. It must comply with Belgian Civil Code requirements and include mandatory disclosures about property conditions, urban planning restrictions, and environmental certificates. The document typically allows for a cooling-off period and often includes conditions regarding mortgage approval and technical inspections.
