The Preliminary Agreement For Sale And Purchase is a fundamental document in Dutch property transactions, typically used after initial negotiations but before the final notarial deed of transfer. It is particularly important in the Netherlands where the property transfer process is strictly regulated and follows a specific legal framework. This document outlines the key terms of the transaction including price, conditions, and timeframes, while providing both parties with legal security during the period between initial agreement and final transfer. It includes essential provisions required under Dutch law such as the mandatory cooling-off period for residential properties, due diligence requirements, and financing conditions. The agreement serves as a crucial step in the property transfer process, binding parties to their commitments while allowing for necessary investigations and arrangements to be completed before final transfer.

1. Parties: Identification and details of the seller and purchaser, including full legal names, addresses, and registration numbers for companies

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property including address, land registry details, and cadastral information

5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements

6. Due Diligence Period: Timeframe and conditions for the buyer's due diligence investigation

7. Conditions Precedent: Conditions that must be satisfied before proceeding to final sale

8. Warranties and Representations: Basic warranties from seller regarding ownership, encumbrances, and property condition

9. Timing and Completion: Timeline for proceeding to final agreement and completion of the sale

10. Costs and Taxes: Allocation of transaction costs and applicable taxes between parties

11. Default and Termination: Consequences of breach and circumstances allowing termination

12. Notices: How formal communications between parties should be made

13. Governing Law: Confirmation of Dutch law application and jurisdiction

14. Signing: Execution provisions and signature blocks