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Selling Real Estate Contracts
"I need a Selling Real Estate Contract for a commercial property in Brussels, Belgium, with specific provisions for existing tenant agreements that will continue after the sale, with completion planned for March 2025."
1. Parties: Identification of the seller(s) and buyer(s) with full legal details including national numbers
2. Background: Context of the sale and confirmation of the seller's right to sell the property
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including cadastral details, boundaries, and built area
5. Purchase Price: Agreed purchase price, payment structure, and deposit requirements
6. Payment Terms: Detailed payment schedule, method of payment, and bank account details
7. Completion Date: Timeline for completion and signing of notarial deed
8. Property Transfer: Terms of transfer of ownership and possession
9. Seller's Warranties: Warranties regarding property ownership, encumbrances, and condition
10. Property Condition: Current state of the property and any known defects
11. Notarial Requirements: Process for notarial deed preparation and execution
12. Costs and Taxes: Allocation of transaction costs, registration duties, and taxes
13. Risk Transfer: Point at which risk transfers from seller to buyer
14. Default and Remedies: Consequences of breach by either party
15. Governing Law: Confirmation of Belgian law application and jurisdiction
1. Mortgage Conditions: Required when buyer's purchase is subject to obtaining mortgage financing
2. Rental Situation: Required when property is currently leased to tenants
3. Co-ownership Provisions: Required for apartments or properties with shared facilities
4. Construction Warranties: Required for newly built properties or recent renovations
5. Urban Planning Conditions: Required when property is subject to specific urban planning restrictions or pending permits
6. Environmental Provisions: Required when property has specific environmental considerations or remediation requirements
7. Furniture and Fittings: Required when sale includes specific movable items
8. Language Provisions: Required in bilingual regions where document needs to be in multiple languages
1. Property Plans: Cadastral plans and property measurements
2. Energy Performance Certificate: Mandatory EPC certificate showing energy efficiency rating
3. Soil Certificate: Certificate regarding soil quality and contamination status
4. Urban Planning Certificates: Certificates regarding zoning and building permissions
5. Property Title: Extract from land registry showing ownership history
6. Co-ownership Documents: Basic act and rules of co-ownership if applicable
7. Technical Installations Certificates: Certificates for electrical, gas, and other installations
8. Inventory of Included Items: List of furniture and fittings included in sale if applicable
9. Photos: Current photographs of property condition
10. Insurance Certificates: Current building insurance documentation
Authors
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Insurance
Property Management
Urban Planning
Environmental Services
Facilities Management
Professional Services
Public Administration
Legal
Real Estate
Compliance
Property Management
Asset Management
Operations
Risk Management
Corporate Services
Facilities
Acquisitions
Investment
Due Diligence
Real Estate Lawyer
Property Manager
Real Estate Agent
Notary
Legal Counsel
Compliance Officer
Property Developer
Asset Manager
Facilities Manager
Real Estate Investment Manager
Transaction Manager
Due Diligence Specialist
Contract Administrator
Real Estate Portfolio Manager
Property Acquisition Manager
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