Document background
The Agreement Sale Deed is a crucial legal instrument in Austrian property transactions, used to formalize and document the transfer of real estate ownership. This document type is mandated by Austrian property law and must comply with the requirements of the Austrian Civil Code (ABGB), Land Register Act, and related legislation. The Agreement Sale Deed serves as the primary document for property registration in the land register (Grundbuch) and typically includes comprehensive details about the property, parties involved, purchase price, payment terms, warranties, and specific conditions of sale. It requires notarization and forms the basis for calculating and paying property transfer tax (Grunderwerbsteuer). The document is essential for both private and commercial property transactions and must include specific provisions required by Austrian law for the valid transfer of property rights.
