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Assignment Contract (Real Estate)

Assignment Contract (Real Estate) Template for Austria

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Key Requirements PROMPT example:

Assignment Contract (Real Estate)

"I need an Assignment Contract (Real Estate) for transferring ownership of a commercial office building in Vienna, with completion scheduled for March 15, 2025, including specific provisions for the transfer of existing service contracts and building maintenance agreements."

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Document background
The Assignment Contract (Real Estate) is a crucial document in Austrian property transactions, used when transferring ownership rights of real estate property from one party to another. This document type is essential in various scenarios, including corporate restructuring, family wealth transfer, or commercial property transactions. It must comply with Austrian Civil Code (ABGB) requirements and land registry regulations, requiring notarization and registration in the Grundbuch (land registry). The contract includes comprehensive details about the property, parties involved, consideration, warranties, and specific Austrian legal requirements for property transfer. It's particularly important that the document addresses all mandatory elements required by Austrian law for a valid real estate transfer, including precise property identification, clear terms of assignment, and proper execution formalities.
Suggested Sections

1. Parties: Identification and details of the Assignor and Assignee, including full legal names, addresses, and registration numbers if applicable

2. Background: Context of the assignment, including the current ownership status and reason for assignment

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the real estate being assigned, including land registry details, property address, and cadastral number

5. Assignment: Core provision transferring all rights, title, and interest in the property from Assignor to Assignee

6. Purchase Price: Details of the consideration, payment terms, and payment method

7. Completion: Specifics about the completion date and process for transferring ownership

8. Assignor's Warranties: Warranties regarding ownership, absence of encumbrances, and authority to assign

9. Registration and Notarization: Provisions regarding land registry registration and notarization requirements

10. Costs and Taxes: Allocation of transaction costs, transfer taxes, and registration fees

11. Notices: Process and addresses for formal communications between parties

12. Governing Law: Confirmation of Austrian law as governing law and jurisdiction

13. Entire Agreement: Standard entire agreement clause and amendment provisions

Optional Sections

1. Existing Tenancies: Details of any existing tenancy agreements affecting the property - include if property is subject to ongoing leases

2. Mortgage Assignment: Provisions regarding the transfer or discharge of existing mortgages - include if property has existing financing

3. Property Management: Transitional arrangements for property management - include for commercial properties

4. Environmental Provisions: Specific warranties and indemnities regarding environmental matters - include for industrial properties

5. Planning Permissions: Details of existing planning permissions or restrictions - include if property has specific planning conditions

6. Service Contracts: Assignment of ongoing service contracts - include if property has maintenance or service agreements

7. VAT Election: VAT treatment of the transaction - include if applicable to the specific property type

8. Condition Precedents: Any conditions that must be met before completion - include if assignment is subject to specific conditions

Suggested Schedules

1. Property Details: Detailed technical description of the property, including boundaries, plans, and land registry excerpt

2. Title Documents: List of all relevant title documents and land register extracts

3. Existing Tenancies Schedule: Details of all existing tenancy agreements, including key terms

4. Property Plans: Official cadastral plans and property drawings

5. Inventory: List of fixtures, fittings, and other items included in the assignment

6. Outstanding Matters: List of any pending matters or required actions relating to the property

7. Service Contracts: Details of ongoing service contracts affecting the property

8. Required Permits: Copies of all relevant permits and certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions
Clauses







































Relevant Industries

Real Estate

Commercial Property

Residential Property

Banking and Finance

Construction

Retail

Hospitality

Industrial

Agriculture

Office Space

Healthcare

Education

Relevant Teams

Legal

Real Estate

Property Management

Corporate Development

Facilities Management

Compliance

Risk Management

Asset Management

Investment

Operations

Relevant Roles

Real Estate Lawyer

Property Manager

Legal Counsel

Notary Public

Real Estate Agent

Property Developer

Asset Manager

Facilities Manager

Real Estate Investment Manager

Corporate Lawyer

Property Surveyor

Transaction Manager

Legal Director

Real Estate Portfolio Manager

Compliance Officer

Industries








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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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