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Real estate glossary from A to Z

All complex terms surrounding the sale of your home clearly explained, from KI to registration duties.

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A

Asbestos certificate

A certificate listing where asbestos is present in a building in Flanders.

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B

BIV/IPI-accredited estate agent

An estate agent officially accredited by the Belgian Professional Institute of Real Estate Agents (BIV/IPI).

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C

Cadastral income (KI)

The estimated average net income a property would generate each year.

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Compromis (sale agreement)

The first official, binding agreement between buyer and seller.

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Condition precedent

A clause that makes the sale depend on a future event.

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E

Electrical inspection

An inspection report on the electrical installation of a home.

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EPC (energy performance certificate)

A document that shows how energy efficient a building is.

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Exclusivity (estate agent contract)

An agreement under which only one estate agent is instructed to sell.

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F

Flood risk (P-score and G-score)

Information on the flood risk of a plot or building.

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M

Mortgage loan

A loan to buy property, secured on that property.

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N

Notarial deed

The official document that makes the transfer of ownership final.

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P

Planning information extract

Official information on the permitted planning status of a property.

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Post-intervention file (PID)

A technical file with the key information on a building's structure and materials.

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Property tax (onroerende voorheffing)

An annual regional tax on property.

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R

Registration duties

The regional tax a buyer pays when purchasing property in Belgium.

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Reinvestment fee

A fee paid to the bank when a loan is repaid early.

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Right of first refusal

The right of a party to buy a property before anyone else.

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S

Soil certificate

An official document stating whether the land is known to be polluted.

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Glossary