Koopakte (Purchase deed)

What is a Koopakte (Purchase deed)?

The written purchase agreement between the buyer and seller of a house. Other words for koopakte are koopcontract or koopovereenkomst (purchase contract or purchase agreement).

The content of purchase contract

Purchase contract includes the following:

  • Details of the buyer and seller 
  • Information about the house 
  • The purchase price and the security deposit 
  • Resolutive conditions

Provisional purchase contract

When you sign the purchase deed, you have a reflection period of three days. This is the preliminary purchase contract. This cooling-off period is laid down by law and applies to both buyer and seller. The cooling-off period can be extended in consultation with the seller, but this must be recorded in writing.

Resolutive conditions

The deed of sale also includes the resolutive conditions of the contract. The resolutive conditions are the valid reasons to refrain from buying or selling a home. Some examples of resolutive conditions are:

  • Not being able to get the mortgage or financing condition.
  • Not covered by the National Mortgage Guarantee. 
  • Not being able to get a residence or housing permit. 
  • The result of an architectural survey.
Mortgage terms
Eigenwoningforfait (Notional rental value)
"Eigenwoningforfait" is a tax on the theoretical income that a homeowner could earn by renting out their home, even if they do not actually rent it out. Erfpacht (Ground lease)
Often houses in the Netherlands are not on private land, but on leasehold land. This leasehold land is then rented from the landowner (often the municipality). Hypotheekakte (mortgage deed)
The mortgage deed is the official contract for a mortgage. The mortgage deed contains all agreements with the bank that relate to the mortgage. Hypotheeksom (Mortgage sum)
he mortgage sum is the total amount that is borrowed from a lender. Koopakte (Purchase deed)
The written purchase agreement between the buyer and seller of a house. Other words for koopakte are koopcontract or koopovereenkomst (purchase contract or purchase agreement). Maandlast netto (Monthly charge net)
The net monthly payment is the amount that is paid monthly for the mortgage after tax settlement. Therefore, the tax is taken into account. National Mortgage Guarantee (NHG)
 Notariskosten (Notary fees)
When you buy a house, a visit to the notary is unavoidable. The deeds required for the purchase of a home are drawn up by a notary. Taxatiekosten (Appraisal costs)
The appraisal costs are one of the additional costs when taking out a mortgage. They are the costs for the valuation of a house by an independent appraiser. WOZ-waarde
WOZ stands for Valuation of Real Estate (Waardering Onroerende Zaken). The WOZ Act ensures that all governments use the same valuation for a home when levying taxes.