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Contract To Sell Home

Contract To Sell Home Template for Austria

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Key Requirements PROMPT example:

Contract To Sell Home

"I need a Contract To Sell Home for a private residence in Vienna, Austria, with a closing date of March 15, 2025, including standard payment terms with a 10% deposit and the remainder due at closing."

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Document background
The Contract To Sell Home (Kaufvertrag f眉r eine Immobilie) is a fundamental legal document used in Austrian real estate transactions for transferring residential property ownership. It serves as the primary agreement between parties when selling and purchasing residential real estate in Austria, whether it's a house, apartment, or condominium. The contract must comply with Austrian Civil Code (ABGB) requirements and various property-related legislation, including the Land Registry Act (GBG), Real Estate Transfer Tax Act (GrEStG), and Consumer Protection Act (KSchG) where applicable. This document is essential for land registry registration (Grundbuch) and includes critical elements such as property details, price, payment terms, warranties, and transfer conditions. It's typically prepared with notarial involvement and forms the basis for the property transfer process in the Austrian legal system.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, addresses, and identification numbers

2. Background: Brief context of the sale and confirmation of seller's ownership

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

4. Property Description: Detailed description of the property including land registry details (Grundbuch), property address, and cadastral number

5. Purchase Price: Agreed purchase price, payment terms, and schedule of payments

6. Payment Method: Details of how and when payments will be made, including escrow arrangements if applicable

7. Transfer of Ownership: Process and conditions for transferring property title in the land registry

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

9. Handover Conditions: Terms for physical handover of the property and transfer of keys

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

11. Default and Remedies: Consequences of breach and available remedies for both parties

12. Governing Law: Confirmation of Austrian law governance and jurisdiction

13. Signatures: Execution blocks for all parties including notarization requirements

Optional Sections

1. Mortgage and Encumbrances: Required if existing mortgages need to be cleared or transferred

2. Tenant Provisions: Required if the property is currently leased to tenants

3. Condition Precedents: Include if sale is subject to specific conditions like mortgage approval or property inspection

4. Fixture and Fittings: Detailed if specific items are included/excluded from the sale

5. Construction Completion: Required for properties under construction or requiring specific works before completion

6. Real Estate Agent: Include if a broker is involved, detailing commission arrangements

7. Environmental Matters: Required if there are environmental issues or certifications to address

8. Condominium Association: Include for properties subject to condominium regulations

Suggested Schedules

1. Property Plan: Official cadastral plan and property boundaries

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

3. Inventory List: Detailed list of fixtures, fittings, and items included in the sale

4. Energy Certificate: Mandatory energy performance certificate (Energieausweis)

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

6. Property Photos: Documented condition of property at time of contract

7. Payment Schedule: Detailed breakdown of payment installments if applicable

8. Property Usage Agreements: Any existing agreements affecting property usage or access

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

Banking and Finance

Construction

Insurance

Property Development

Property Management

Professional Services

Residential Housing

Public Sector

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Finance

Administrative Support

Risk Management

Operations

Business Development

Client Services

Document Management

Transaction Support

Relevant Roles

Real Estate Agent

Property Lawyer

Notary

Legal Counsel

Property Manager

Real Estate Developer

Bank Manager

Mortgage Advisor

Property Appraiser

Transaction Manager

Compliance Officer

Tax Advisor

Property Administrator

Real Estate Investment Manager

Legal Administrator

Industries








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