Document background
The Apartment Buyer Agreement is a crucial legal document used in Austrian real estate transactions for the purchase and sale of residential apartments. It serves as the primary contract between buyers and sellers, whether they are individuals, developers, or corporate entities. The agreement must comply with various Austrian regulations, including the ABGB, WEG, and BTVG (if involving developers). This document is essential for protecting both parties' interests during property transfer, detailing purchase price, payment terms, warranties, and specific conditions of sale. The agreement includes mandatory provisions required under Austrian law, such as land register registration requirements and consumer protection measures. It's particularly important in new development sales and existing property transfers, requiring careful consideration of local property laws and regulations.
