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For Sale By Owner Contract
"I need a For Sale By Owner Contract for selling my three-bedroom apartment in Brussels to a foreign buyer, with completion scheduled for March 2025, including specific provisions for co-ownership and existing tenant rights."
1. Parties: Identification and full details of the seller(s) and buyer(s), including national numbers, marital status, and current addresses
2. Background: Context of the sale and confirmation that the seller is the rightful owner of the property
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Completion Date', 'Purchase Price', etc.
4. Property Description: Detailed description of the property including cadastral details, size, boundaries, and included fixtures and fittings
5. Purchase Price: Agreed purchase price, payment terms, deposit requirements, and payment schedule
6. Conditions Precedent: Conditions that must be met before the sale can proceed, including mortgage approval if applicable
7. Completion Process: Details of the completion process, including notary requirements and timing
8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with regulations
9. Property Condition: Current condition of the property and any known defects or issues
10. Costs and Taxes: Attribution of costs including registration duties, notary fees, and other transaction costs
11. Risk and Insurance: Transfer of risk and insurance obligations between parties
12. Governing Law: Confirmation of Belgian law application and jurisdiction
13. Signatures: Execution block for all parties
1. Mortgage Contingency: To be included when the purchase is contingent on the buyer obtaining mortgage financing
2. Rental Situation: Required if the property is currently rented or has existing tenants
3. Co-ownership Provisions: Necessary for apartments or properties with shared facilities
4. Construction or Renovation Provisions: Required if the property is under construction or significant renovations are agreed upon
5. Environmental Provisions: Extended section required if property is in an environmentally sensitive area or has known environmental issues
6. Foreign Buyer Provisions: Additional provisions required when the buyer is not a Belgian resident
1. Property Plan: Cadastral plan and property boundaries
2. Energy Performance Certificate: Mandatory EPC certificate showing energy efficiency rating
3. Inventory of Fixtures and Fittings: Detailed list of items included/excluded in the sale
4. Soil Certificate: Required environmental soil certificate
5. Urban Planning Certificates: Certificates regarding zoning and planning permissions
6. Property Photos: Dated photographs documenting current condition
7. Building Permits: Copies of relevant building permits and certificates
8. Co-ownership Documents: If applicable, recent co-ownership meeting minutes and regulations
Authors
Real Estate
Property Development
Construction
Banking & Finance
Insurance
Legal Services
Public Administration
Urban Planning
Environmental Services
Legal
Real Estate Operations
Property Management
Compliance
Risk Management
Finance
Administrative Support
Document Management
Property Development
Investment Analysis
Property Owner
Home Buyer
Legal Counsel
Notary Public
Property Manager
Real Estate Developer
Investment Manager
Property Surveyor
Mortgage Advisor
Tax Consultant
Urban Planning Officer
Environmental Compliance Officer
Property Insurance Underwriter
Legal Administrator
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