Deposit in Purchase Agreements Westland

In the purchase of a house in Westland, such as in greenhouse-rich areas around Naaldwijk or Poeldijk, the deposit serves as a down payment to guarantee the purchase agreement (art. 7:28 DCC). Standardly, this amounts to 10% of the purchase price, which must be deposited with a notary in Westland or nearby The Hague within 14 days after signing. The purpose is to provide coverage in case of dissolution due to financing problems or hidden defects, typical for older Westland farmhouse residences or new builds in Monster. If the buyer fails to perform, the sum is forfeited to the seller, provided there is no default on the buyer's side. The notarial deposit arrangement, often via local notaries in Honselersdijk, optimally protects both parties. In case of suspensive conditions such as financing or building survey – essential in agricultural Westland – the sum is fully refunded. Advice for buyers in Westland: carefully check suspensive conditions, have an appraisal carried out by a certified appraiser from the region and in case of disputes consult the Council for Legal Aid in The Hague or the sub-district court in Rotterdam.