Document background
The Agreement of Purchase and Sale (Real Estate) is a fundamental legal document used in Austrian property transactions to formalize the transfer of real estate between parties. This document is essential whenever real property is bought or sold in Austria, whether for residential, commercial, or industrial purposes. It must comply with strict Austrian legal requirements, including mandatory notarization and specific provisions for land registry registration (Grundbuch). The agreement incorporates all necessary elements required by Austrian law, including detailed property descriptions, purchase price arrangements, warranties, and the formal Aufsandungserkl盲rung (consent for land registry registration). It serves as the primary document for property transfers and must address tax implications, transfer conditions, and any specific requirements of Austrian property law.
