Penalty Clause When Buying Property in The Hague
When purchasing a property in The Hague, you will almost always encounter a penalty clause in the purchase agreement. With average house prices in The Hague, a 10% penalty can easily amount to €40,000 to €60,000.
What is a penalty clause?
A penalty clause determines the financial consequences if buyer or seller fails to meet their obligations:
- For the buyer: If you withdraw without valid reason, you owe the penalty to the seller
- For the seller: If the seller refuses to deliver, they must pay the penalty to you
How to avoid the penalty
The law offers protection through resolutive conditions:
- Financing condition: Cancel free of charge if you cannot get a mortgage
- Structural survey: Many older The Hague properties have hidden defects
- Cooling-off period: 3 days after signing you can withdraw without reason
Legal help in The Hague
Contact our legal experts for advice about your situation in The Hague.
### Arslan & Arslan Advocaten **Arslan & Arslan Advocaten** provides professional legal guidance and support for your legal matters. - Website: [www.arslan.nl](https://arslan.nl) - Email: [info@arslan.nl](mailto:info@arslan.nl) - Free initial consultation