Document background
The Deed of Sale of Land (Kaufvertrag) is a fundamental legal document in Austrian real estate transactions, used whenever real property ownership is transferred between parties. This document must comply with strict formal requirements under Austrian law, including mandatory notarization and specific provisions required for land registry registration. The deed includes comprehensive details about the property, parties involved, purchase price, payment terms, and warranties. It must conform to the Austrian Civil Code (ABGB), Land Registry Act (GBG), and related regulations. The document is essential for both private and commercial real estate transactions, serving as the basis for property registration changes and tax assessments. A properly executed Deed of Sale of Land is required by the Austrian land registry (Grundbuch) to record the change in property ownership.
