Document background
The Agreement To Sell (Real Estate) is a crucial document used in Austrian property transactions when transferring ownership of real estate from one party to another. This agreement type is specifically designed to comply with Austrian property law requirements, including the ABGB (Austrian Civil Code), Grundbuchsgesetz (Land Register Act), and related property legislation. It is used when parties have reached terms on a property sale and need to formalize the transaction in a legally binding document. The agreement includes essential elements such as property details, purchase price, payment terms, warranties, and specific requirements for registration in the Austrian land register (Grundbuch). It serves as the foundation for the property transfer process and is typically required by banks, notaries, and land registry officials to complete the transaction.
