Cash Contract (Real Estate)

Cash Contract (Real Estate) Template for Belgium

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Key Requirements PROMPT example:

"I need a Cash Contract (Real Estate) for the purchase of a commercial property in Brussels' city center, with completion planned for March 2025, including specific provisions for existing tenant arrangements and transfer of ongoing maintenance contracts."

Document background

The Cash Contract (Real Estate) is a fundamental legal instrument used in Belgian property transactions where the buyer pays the full purchase price in cash rather than through mortgage financing. This document is essential when conducting property transactions in Belgium and must comply with federal and regional regulations, including the Belgian Civil Code and specific real estate legislation. It is typically used in situations where buyers have liquid funds available and prefer a straightforward transaction structure. The contract includes mandatory elements such as property details, payment terms, various certificates (energy, soil, urban planning), and necessary warranties, while ensuring compliance with anti-money laundering regulations that are particularly relevant for cash transactions. This document type requires notarial execution and registration with relevant Belgian authorities to complete the property transfer.

Suggested Sections

1. Parties: Identification and details of the seller and buyer, including full legal names, national numbers, addresses, and marital status as required by Belgian law

2. Background: Context of the sale and brief property history

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the property including cadastral details, boundaries, and surface area as per land registry

5. Title and Ownership: Confirmation of seller's ownership rights and any existing encumbrances

6. Purchase Price: Agreed purchase price and payment terms including deposit details

7. Payment Terms: Detailed structure of payments, timing, and method of payment

8. Completion: Process and requirements for completion of the sale, including notarial deed requirements

9. Seller's Warranties: Standard warranties regarding property ownership, condition, and absence of disputes

10. Property Condition: Current state of the property and any known defects

11. Costs and Taxes: Allocation of transaction costs, registration duties, and notary fees

12. Governing Law: Confirmation of Belgian law application and jurisdiction

13. Execution: Signature requirements and date

Optional Sections

1. Mortgage Status: Details of any existing mortgages and their discharge - include if property is not mortgage-free

2. Tenant Rights: Information about existing tenants and their rights - include if property is currently leased

3. Planning Permissions: Details of existing planning permissions or restrictions - include if relevant to property development

4. Environmental Matters: Specific environmental considerations or requirements - include if property is in environmental protection zone

5. Co-ownership Rules: Apartment building regulations and charges - include for apartment sales

6. Furniture and Fittings: List of items included/excluded from sale - include if selling furnished property

7. Construction Warranty: Details of ongoing construction warranties - include for new builds or recent renovations

Suggested Schedules

1. Property Plan: Official cadastral plan and property measurements

2. Energy Performance Certificate: Mandatory EPC certificate showing energy efficiency rating

3. Soil Certificate: Required certificate regarding soil quality and contamination

4. Urban Planning Certificate: Certificate showing zoning and planning status

5. Property Photos: Documented condition of property at time of sale

6. Title Deeds: Copies of relevant historical title documents

7. Technical Installations: Certificates for electrical, gas, and water installations

8. Co-ownership Documents: Recent general assembly minutes and building regulations if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Legal Services

Financial Services

Construction

Property Development

Property Management

Urban Planning

Environmental Services

Professional Services

Relevant Teams

Legal

Real Estate

Compliance

Risk Management

Property Management

Operations

Investment

Due Diligence

Transaction Management

Portfolio Management

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Notary

Legal Counsel

Compliance Officer

Property Developer

Real Estate Investment Manager

Property Surveyor

Transaction Manager

Real Estate Portfolio Manager

Risk Manager

Due Diligence Specialist

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