Document background
The Real Property Contract is a fundamental legal instrument in Belgian real estate transactions, essential for both private and commercial property transfers. This document serves as the preliminary agreement (compromis de vente/verkoopcompromis) before the final notarial deed, establishing the terms and conditions of the property sale. It is used whenever real estate is bought or sold in Belgium, whether for residential, commercial, or industrial purposes. The contract must comply with federal Belgian law and specific regional requirements, incorporating mandatory elements such as property details, price, conditions precedent, and various certificates. Its preparation typically involves notaries, who ensure all legal requirements are met, including proper registration and tax obligations. The document's importance lies in its binding nature, as it commits both parties to the transaction and serves as the basis for the final notarial deed.
