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The Owner Financed Sales Contract is a specialized legal instrument used in Belgian property transactions where traditional bank financing is either not preferred or not available. This document type is particularly relevant when sellers wish to generate ongoing income from their property sale or when buyers seek alternative financing options. It combines elements of a standard property sale agreement with detailed financing provisions, creating a comprehensive framework for the transaction. The contract must comply with Belgian property law, including mandatory notarial requirements, registration duties, and financial regulations. It typically includes detailed sections covering property description, payment terms, security arrangements, default provisions, and risk allocation. This document type is commonly used in both residential and commercial property transactions in Belgium, particularly in situations where flexible financing terms are desired or when the transaction structure requires customization beyond traditional bank financing.

1. Parties: Identification of the Seller (Owner-Financier) and Buyer, including full legal names, addresses, and registration details if applicable

2. Background: Context of the transaction, including brief property description and parties' intention to enter into owner-financed arrangement

3. Definitions: Definitions of key terms used throughout the agreement, including financial and property-related terminology

4. Property Description: Detailed description of the property, including cadastral details, boundaries, and included fixtures/fittings

5. Purchase Price and Payment Terms: Total purchase price, down payment, financing amount, interest rate, payment schedule, and amortization details

6. Security Arrangements: Mortgage or other security interests retained by seller, including registration requirements

7. Transfer of Title: Conditions and timing of property title transfer, including notarial requirements

8. Representations and Warranties: Statements of fact by both parties regarding property condition, authority to contract, and financial capacity

9. Buyer's Obligations: Ongoing obligations including property maintenance, insurance, taxes, and compliance with regulations

10. Default and Remedies: Consequences of payment default or other breaches, including acceleration rights and foreclosure procedures

11. Insurance and Risk: Required insurance coverage and allocation of risk before full payment

12. Costs and Taxes: Allocation of transaction costs, registration fees, and ongoing property-related taxes

13. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction for disputes

14. Execution: Signature blocks and notarial requirements