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Property Agreement
"I need a Property Agreement for the purchase of a residential apartment in Brussels, including standard co-ownership provisions and arrangements for the current tenant to remain until March 2025."
1. Parties: Identification and details of the seller(s) and buyer(s), including full legal names, addresses, and national numbers
2. Background: Context of the transaction and brief property history
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including cadastral details, boundaries, and surface area
5. Purchase Price: Agreed purchase price, payment terms, and deposit arrangements
6. Transfer of Ownership: Terms and timing of the transfer of legal ownership
7. Representations and Warranties: Seller's declarations regarding property condition, encumbrances, and compliance with laws
8. Conditions Precedent: Conditions that must be met before completion, including mortgage approval if applicable
9. Completion: Process and requirements for completion of the sale
10. Costs and Taxes: Allocation of transaction costs, registration duties, and notary fees
11. Risk and Insurance: Transfer of risk and insurance obligations
12. Governing Law and Jurisdiction: Confirmation of Belgian law application and competent courts
13. Execution: Signature blocks and execution requirements
1. Co-ownership Provisions: Required for apartments or properties with shared elements, detailing common areas and management rules
2. Rental Situation: Include if the property is currently rented, detailing tenant rights and obligations
3. Environmental Provisions: Required if property has known environmental issues or specific soil conditions
4. Urban Planning Status: Include if property has specific planning restrictions or ongoing permits
5. Renovation Requirements: Include if property requires mandatory renovations or energy performance improvements
6. Mortgage Arrangements: Include if the purchase involves specific mortgage requirements or existing mortgages
7. Special Conditions: For any unique requirements or circumstances specific to the property or transaction
1. Property Plans: Cadastral plans and property measurements
2. Energy Performance Certificate: Mandatory energy performance assessment results
3. Soil Certificate: Required soil quality certification from regional authorities
4. Urban Planning Certificates: Certificates regarding zoning and building permissions
5. Technical Installations Report: Reports on electrical, gas, and other technical installations
6. Property Photographs: Documented condition of the property at time of sale
7. Title Deeds: Copies of relevant historical title documents
8. Co-ownership Documents: If applicable, rules and recent minutes of co-owners' meetings
9. Insurance Certificates: Current property insurance documentation
Authors
Property
Completion Date
Completion
Purchase Price
Deposit
Compromis de Vente/Verkoopcompromis
Acte Authentique/Authentieke Akte
Cadastral Reference
Seller
Buyer
Notary
Transfer Date
Registration Duties
Mortgage
Easements
Common Parts
Private Parts
Co-ownership/Copropriété/Mede-eigendom
Energy Performance Certificate
Soil Certificate
Urban Planning Certificate
Building Permit
Completion Statement
Title Deed
Encumbrances
Force Majeure
Business Day
Habitation Certificate
Insurance Certificate
Material Adverse Change
Permitted Use
Planning Laws
Property Rights
Registration Formalities
Technical Installations
Transfer Taxes
Working Day
Zoning Requirements
Environmental Regulations
Common Charges
Management Association
Syndic/Syndicus
Recitals
Definitions
Property Description
Sale and Purchase
Purchase Price
Payment Terms
Deposit
Transfer of Title
Conditions Precedent
Completion
Representations and Warranties
Seller Warranties
Property Condition
Environmental Compliance
Urban Planning Compliance
Title Guarantee
Insurance
Risk Transfer
Registration Requirements
Notarial Requirements
Costs and Taxes
Property Rights
Easements
Co-ownership
Occupation Status
Technical Installations
Energy Performance
Soil Quality
Permits and Certificates
Due Diligence
Default
Termination
Force Majeure
Notices
Assignment
Entire Agreement
Amendments
Severability
Governing Law
Jurisdiction
Language
Execution
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Property Management
Insurance
Environmental Services
Urban Planning
Residential Housing
Commercial Property
Legal
Real Estate
Property Management
Facilities
Compliance
Risk Management
Finance
Operations
Corporate Services
Investment
Development
Technical Services
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Notary
Property Developer
Facilities Manager
Real Estate Investment Manager
Commercial Property Director
Real Estate Transaction Manager
Property Portfolio Manager
Compliance Officer
Risk Manager
Real Estate Finance Manager
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