Document background
The Agreement of Sale of Immovable Property (Koopovereenkomst) is a crucial legal document used in the Netherlands for all real estate transactions. This agreement is required whenever immovable property is bought or sold, whether in residential, commercial, or industrial contexts. Under Dutch law, while the initial agreement can be verbal, it's standard practice to document the transaction in writing to ensure clarity and enforceability. The agreement must be followed by a notarial deed of transfer to effect the legal transfer of ownership. The document includes essential elements such as property description, purchase price, transfer conditions, and various warranties, all compliant with the Dutch Civil Code. It serves as the primary document governing the relationship between buyer and seller until the final transfer at the notary's office.
