Document background
The Offer To Purchase Letter is a fundamental document in Belgian property transactions, serving as the initial formal step in the acquisition process. It is typically used when a prospective buyer wishes to formalize their interest in purchasing a property after preliminary negotiations. The document must comply with Belgian legal requirements, including specific provisions of the Civil Code and regional property regulations. It contains crucial information such as the property description, purchase price, payment terms, conditions precedent, and offer validity period. While not the final purchase agreement, this letter, when accepted, creates binding obligations and forms the foundation for the subsequent notarial deed. It's particularly important in Belgian real estate practice as it helps establish clear terms and conditions before proceeding to the more formal compromise de vente/verkoopcompromis.
