The added value of registering the purchase agreement in the Land Registry

Formmarking

Registering the purchase agreement with the Land Registry is also called Vormerkung (German for "reservation"). From the moment of registration, you, as the buyer, are protected against several issues that could hinder the transfer of the house. In this way, the house is, as it were, reserved for you. The registration of your purchase agreement can only be arranged by a notary.

Problems

The consequence of Vormerkung is that the buyer is protected from that moment against a number of events that could block or frustrate delivery. These include, but are not limited to:

• conservatory and enforcement attachments on the home;
• the transfer of the property to someone other than the buyer;
• the establishment of a mortgage on the home;
• a rental or lease of the home;
• a bankruptcy or suspension of payments of the seller;
• the seller's debt restructuring;
• a guardianship of the seller.

Why register?

The advantage of registration is that you, as a buyer, are protected against the aforementioned problems for six months. After this period, you are no longer protected, so keep a close eye on this period!

Go to the notary!

By registering your purchase agreement with the Land Registry, you ensure that your rights as a buyer are protected, allowing you to purchase your dream home with (more) certainty. After signing the purchase agreement, please inquire with us about Vormerkung! Ideally, you should include it in the purchase agreement; feel free to insist on it with your real estate agent, so we can take immediate action upon receipt. We have expertly saved many buyers from great misery, disappointment, and heartache this way.

Contact

For questions or more information, please call us at +31 (0)10 44 53 77 or email us at service@maesnotarissen.nl. You can also chat through our website. We're happy to help!

Good for each other
MAES notaries are well looked after and MAES with AE!

This article is taken from 'Met Recht Geregeld', a product of FBN Juristen.

This article should not be considered legal advice. FBN Lawyers and MAES Civil-Law Notaries take the utmost care in the content of these articles, but accept no liability for any incompleteness or inaccuracy of an article, nor for any consequences thereof.