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Deed Of Sale Of Absolute Sale

Deed Of Sale Of Absolute Sale Template for Austria

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Key Requirements PROMPT example:

Deed Of Sale Of Absolute Sale

"I need a Deed of Sale of Absolute Sale for a commercial property in Vienna's 1st district, with completion scheduled for March 15, 2025, including specific provisions for existing tenant agreements and transfer of ongoing service contracts."

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Document background
The Deed of Sale of Absolute Sale is a fundamental legal instrument in Austrian property law, used when complete and irrevocable transfer of property ownership is intended. This document type is essential for any property transaction in Austria, whether involving residential, commercial, or industrial property. It must comply with the Austrian Civil Code (ABGB) and requires notarization to be legally valid. The deed includes comprehensive details about the property, parties involved, purchase price, and terms of transfer, and serves as the basis for registration in the Austrian land registry (Grundbuch). This document type is particularly important as it provides legal certainty for both parties and meets all formal requirements for property transfer under Austrian law.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, addresses, and registration details if applicable

2. Background: Context of the sale and confirmation of seller's ownership rights

3. Definitions: Key terms used throughout the deed

4. Property Description: Detailed description of the property including land registry details, cadastral number, and exact location

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

6. Transfer of Ownership: Terms of property transfer and registration in land registry

7. Seller's Warranties: Warranties regarding property ownership, encumbrances, and condition

8. Possession and Risk: Date of possession transfer and assumption of risk

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

10. Notarial Certification: Required notarial statements and certifications

11. Governing Law: Confirmation of Austrian law governance

12. Execution: Formal execution blocks for all parties and notary

Optional Sections

1. Existing Tenancies: Details of any existing tenants and lease agreements (include if property is currently leased)

2. Mortgage Details: Information about existing mortgages and their discharge (include if property is mortgaged)

3. Environmental Matters: Environmental warranties and disclosures (include for industrial properties or known environmental issues)

4. Planning Permissions: Details of planning permissions and building permits (include for properties under development)

5. Easements: Description of any easements or rights of way (include if applicable)

6. Fixtures and Fittings: List of included/excluded fixtures (include for residential properties)

7. Condition Precedents: Any conditions that must be met before completion (include if sale is conditional)

Suggested Schedules

1. Property Plan: Official cadastral plans and property boundaries

2. Land Registry Extract: Current land registry extract (Grundbuchauszug)

3. Property Documentation: Building permits, certificates, and technical documentation

4. Inventory List: Detailed list of included fixtures and fittings if applicable

5. Due Diligence Reports: Technical, legal, and environmental due diligence reports

6. Payment Schedule: Detailed schedule of payment terms and installments if applicable

7. Power of Attorney: Any relevant powers of attorney for signing parties

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

Construction

Banking and Finance

Legal Services

Property Development

Agriculture (for agricultural land)

Industrial

Retail

Hospitality

Residential Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Asset Management

Facilities Management

Operations

Finance

Risk Management

Corporate Services

Investment

Development

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Notary Public

Legal Counsel

Compliance Officer

Property Developer

Asset Manager

Real Estate Investment Manager

Construction Manager

Facilities Manager

Transaction Manager

Due Diligence Specialist

Corporate Lawyer

Bank Manager

Industries







Teams

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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