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Contract Of Selling A House

Contract Of Selling A House Template for Austria

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Key Requirements PROMPT example:

Contract Of Selling A House

"I need a Contract Of Selling A House for a straightforward residential property sale in Vienna, Austria, with completion date set for March 15, 2025, and including standard payment terms with a 10% deposit."

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Document background
The Contract Of Selling A House is a fundamental legal document used in Austrian real estate transactions for transferring residential property ownership. This document is essential whenever a house is being sold in Austria, whether in a private transaction or through a real estate agent. The contract must comply with strict Austrian legal requirements, including mandatory notarization and specific formalities for land registry registration. It encompasses all aspects of the property transfer, from initial agreement to final handover, including purchase price, payment terms, property condition warranties, and tax implications. The document's structure and content are heavily influenced by Austrian property law, particularly the ABGB and GBG, and must include specific clauses required for legal validity in Austria.
Suggested Sections

1. Parties: Detailed identification of seller and buyer including full names, dates of birth, and current addresses as required for land registry registration

2. Background: Context of the sale, including brief property history and current ownership status

3. Definitions: Key terms used throughout the contract, including property-specific terminology

4. Property Description: Detailed legal description of the property including land registry details (EZ-Nummer, KG-Nummer), property address, and exact measurements

5. Purchase Price: Specified purchase price, payment terms, escrow arrangements, and timeline for payments

6. Transfer of Ownership: Terms and conditions for the transfer of title (Eigentums眉bertragung), including registration requirements

7. Representations and Warranties: Seller's declarations regarding property condition, encumbrances, and legal status

8. Handover Conditions: Specific terms for physical handover of the property, including timing and condition requirements

9. Costs and Taxes: Allocation of transaction costs, transfer taxes, and registration fees between parties

10. Governing Law and Jurisdiction: Confirmation of Austrian law application and competent court jurisdiction

Optional Sections

1. Existing Tenancies: Required if property has current tenants, describing their rights and status

2. Mortgage and Encumbrances: Required if property has existing mortgages or other encumbrances to be cleared

3. Special Fixtures and Fittings: Used when specific items are included/excluded from the sale

4. Environmental Conditions: Required if property has known environmental issues or special protections

5. Development Rights: Include if there are specific building or development rights/restrictions

6. Neighbor Rights: Required if there are specific agreements or rights with neighboring properties

7. Energy Certificate: Details of the mandatory energy performance certificate if not attached as schedule

8. Agent Provisions: Required if real estate agents are involved in the transaction

Suggested Schedules

1. Land Registry Extract: Current Grundbuchauszug showing ownership and encumbrances

2. Property Plans: Official cadastral plans and building plans

3. Energy Performance Certificate: Mandatory Energieausweis showing energy efficiency rating

4. Property Photographs: Documentary photographs of property condition at time of sale

5. Building Permits: Copies of relevant building permits and certificates

6. Inventory List: Detailed list of included fixtures, fittings, and furniture if applicable

7. Property Tax Records: Recent property tax assessments and payment records

8. Insurance Certificates: Current building insurance documentation

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








































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Relevant Industries

Real Estate

Legal Services

Financial Services

Public Administration

Construction

Property Development

Insurance

Banking

Professional Services

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Risk Management

Documentation

Finance

Operations

Administrative Support

Investment

Relevant Roles

Real Estate Agent

Property Lawyer

Notary Public

Legal Counsel

Property Manager

Real Estate Developer

Mortgage Advisor

Property Surveyor

Tax Consultant

Compliance Officer

Real Estate Investment Manager

Property Administrator

Legal Administrator

Contract Manager

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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