Document background
The Deed of Purchase and Sale (Kaufvertrag) is a fundamental legal document used in Austrian real estate transactions to transfer property ownership. It is required whenever real property is bought or sold in Austria, whether for residential, commercial, or industrial purposes. The document must comply with the Austrian Civil Code (ABGB), Land Registry Act, and various other regulations governing property transfers. It includes essential elements such as precise property description, purchase price, payment terms, and transfer conditions. The deed requires notarization to be legally valid and serves as the basis for registration in the land registry (Grundbuch). This document type is particularly important as it forms the legal foundation for property ownership transfer and must address all aspects of the transaction, including tax implications and any special conditions affecting the property.
