Document background
A Letter Of Intent To Transfer Ownership is commonly used in Dutch property transactions as a preliminary step before executing a formal transfer agreement. This document is particularly relevant when parties have reached an initial understanding regarding a property transfer but need to formalize their intentions while conducting due diligence or finalizing details. Under Dutch law, while generally non-binding, it serves to document key terms such as property details, proposed price, and conditions precedent. The document is especially useful in complex transactions where parties need to demonstrate serious intent while maintaining flexibility for negotiations. It often triggers the start of exclusive negotiations and due diligence processes, and may contain binding provisions regarding confidentiality and exclusivity.
