The Cancellation Of Condominium Contract is a crucial legal instrument in Dutch property law used when owners wish to terminate their apartment rights (appartementsrecht) within a building complex. This document becomes necessary in situations such as building redevelopment, conversion to single ownership, or structural changes requiring termination of the condominium structure. It must comply with the Dutch Civil Code (Burgerlijk Wetboek) and requires approval from the Homeowners Association (VvE). The document addresses critical aspects including property rights termination, financial settlements, common area responsibilities, and land registry requirements. It's essential for ensuring proper legal documentation of the cancellation process and protecting all stakeholders' interests under Dutch jurisdiction.

1. Parties: Identification of all parties involved, including the apartment owner(s), the VvE (Homeowners Association), and any other relevant parties

2. Background: Context of the original condominium ownership, reference to the deed of division (splitsingsakte), and reasons for cancellation

3. Definitions: Definitions of key terms used throughout the agreement, including property-specific terminology and legal concepts

4. Subject Matter: Detailed description of the apartment right being cancelled, including registration details and cadastral information

5. Cancellation Terms: Specific terms and conditions of the cancellation, including effective date and immediate consequences

6. Financial Settlement: Details of any financial settlements between parties, including VvE reserves and ongoing maintenance obligations

7. Representations and Warranties: Statements and guarantees by all parties regarding their authority, ownership, and absence of encumbrances

8. Registration and Formalities: Requirements and procedures for registering the cancellation with the land registry and other relevant authorities

9. Costs and Taxes: Allocation of costs related to the cancellation, including notary fees, registration costs, and applicable taxes

10. Governing Law and Jurisdiction: Confirmation of Dutch law application and jurisdiction for any disputes

11. Execution: Signature requirements and execution formalities