Seller ordered to pay buyer €60,000: undertaking to conclude new lease held to be an obligation of result
Thomas assisted a professional property investor that had purchased a retail and office building. In the purchase agreement, the seller had undertaken to conclude a new five-year lease with the sitting tenant within three months of the transfer of the property. If he failed to do so, he would have to pay a financial penalty calculated on the basis of the purchase multiplier. The District Court of Midden-Nederland held that this was an obligation of result rather than an obligation of best endeavours. It ordered the seller to pay €60,000 plus statutory commercial interest. The case is currently (September 2026) pending on appeal.
Thomas van Vugt
Kelly van Wees
Lennard Noordzij
Onno Hennis
Xagan Heerbaart
Marleen Jonckers
Lize van Egmond
Marco Guit