If you want to sell or buy a property, you often have to exchange confidential information that should not be disclosed to third parties. To protect your interests, you should therefore conclude an NDA (Non-Disclosure Agreement) before disclosing details about the property, price or financing.
An NDA is a legally binding contract that obliges the parties to treat the information received confidentially and not to disclose or use it without consent. It also regulates, for example, the duration of confidentiality, the consequences of a breach or the applicable legal system.
In the past, the coordination of NDAs between sellers, buyers and the brokers and lawyers involved has taken some time and slowed down the process, although it is a standard process.
To facilitate the drafting of an NDA, various players in the real estate industry have jointly developed standard templates for NDAs between sellers and prospective buyers, as well as between sellers and brokers.
The bilingual (DE | EN) standard NDA versions available for download above have been reviewed and approved by reputable law firms and are in line with current market-standard confidentiality agreements between sellers and prospective buyers or between sellers and brokers. The standard NDA between seller and prospective buyer is suitable for all types of property sales, whether residential, commercial or special property.
The standard NDA between seller and broker is also suitable for all types of property sales. There is a version for mutual confidentiality obligations, as well as a version in which only the broker is obligated to treat the received information confidentially.
To use the standard NDA, simply follow the steps below:
- Download the pdf document with the currently valid sample.
- Fill in the recordable fields with the individual data on the seller and prospective buyer as well as the property.
- Sign the document and exchange it with the other party via PDF.
The standard NDA for property sales saves you time and money and protects your confidential information. Take advantage of the free offer now and benefit from the expertise and experience of the industry representatives involved.
If you have any questions, please contact NDA@compliance-realestate.com
