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Deed Of Purchase

Deed Of Purchase Template for Austria

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Key Requirements PROMPT example:

Deed Of Purchase

"I need a standard Deed of Purchase for buying a residential apartment in Vienna, with completion planned for March 2025, including standard warranties and a provision for furniture items listed in an appendix."

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Document background
The Deed of Purchase (Kaufvertrag) is a fundamental legal document in Austrian property transactions, used whenever real estate ownership is transferred between parties. It serves as the primary evidence of the property sale and forms the basis for land registry registration. This document type is governed by Austrian law, particularly the ABGB (Austrian Civil Code) and the Grundbuchsgesetz (Land Registry Act), requiring notarization for validity. The deed must include specific mandatory elements such as precise property description, party details, purchase price, and transfer conditions. It's essential for both residential and commercial property transactions and must be drafted with careful attention to Austrian legal requirements to ensure the transfer's validity and enforceability.
Suggested Sections

1. Parties: Identification and details of the seller(s) and buyer(s), including full names, dates of birth, and registered addresses

2. Background: Context of the transaction and brief property history

3. Definitions: Key terms used throughout the document

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

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

6. Transfer of Ownership: Terms and conditions for the transfer of property ownership

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

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

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

10. Registration Authorization: Authorization for land registry registration (Aufsandungserkl盲rung)

Optional Sections

1. Existing Encumbrances: Details of any existing mortgages, easements, or other encumbrances - include when property has registered burdens

2. Tenant Provisions: Details of existing tenancy agreements - include when property is currently rented

3. Mortgage Arrangements: Details of new mortgage arrangements - include when purchase is financed through a bank

4. Property Condition: Specific details about property condition and any known defects - include when property is not in standard condition

5. Development Rights: Details of any building or development rights - include for undeveloped land or properties with development potential

6. Utilities and Connections: Details of utility connections and ongoing contracts - include for residential properties

7. Furniture and Fixtures: List of included/excluded items - include when sale includes movable property

Suggested Schedules

1. Land Registry Extract: Current extract from the land registry (Grundbuchauszug)

2. Property Plans: Official cadastral plans and building plans

3. Energy Certificate: Legally required energy performance certificate (Energieausweis)

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

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

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

7. Technical Reports: Any technical or structural surveys conducted

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
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