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Form For Real Estate Purchase Agreement

Form For Real Estate Purchase Agreement Template for Austria

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Key Requirements PROMPT example:

Form For Real Estate Purchase Agreement

"I need a Form For Real Estate Purchase Agreement for buying a residential apartment in Vienna, with completion scheduled for March 15, 2025, and including specific provisions for mortgage financing and a fixed inventory list."

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Document background
The Form For Real Estate Purchase Agreement is a comprehensive document template designed for property transactions in Austria. It is essential for documenting the sale and purchase of real estate, whether residential or commercial, and ensures compliance with Austrian legal requirements, including the ABGB, Land Register Act, and state-specific real estate transaction laws. This template is structured to include all mandatory elements required by Austrian law, such as proper party identification, detailed property description, purchase price arrangements, and transfer of ownership provisions. The document must be notarized to be legally valid and serves as the basis for land register registration. It can be customized for various types of real estate transactions while maintaining compliance with Austrian legal requirements and best practices.
Suggested Sections

1. Parties: Identification of seller and purchaser with full legal names, addresses, and registration details if companies

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, etc.

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

5. Purchase Price: Amount, payment terms, deposit requirements, and payment schedule

6. Transfer of Ownership: Terms and conditions for transferring title, including land register registration requirements

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

8. Handover and Transfer of Risk: Timing and conditions for physical handover of the property and transfer of risk

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

10. Completion Requirements: Steps required for completion, including notarization and registration procedures

11. Governing Law: Confirmation of Austrian law application and jurisdiction

Optional Sections

1. Mortgage Release: Required if property has existing mortgages that need to be discharged

2. Third-Party Rights: Needed if there are tenants or other third-party rights affecting the property

3. Construction Requirements: For properties under construction or requiring specific works

4. Agricultural Land Provisions: Required for agricultural property subject to special regulations

5. Foreign Buyer Provisions: Required when purchaser is not an Austrian resident

6. Environmental Provisions: Required if environmental issues or contamination are present

7. Utilities and Connections: Details of utility transfers and connections if relevant

8. Broker Provisions: Required if real estate agents are involved in the transaction

Suggested Schedules

1. Property Plan: Land register extract (Grundbuchauszug) and cadastral maps

2. Property Certificates: Energy certificate and other relevant property certificates

3. Inventory List: List of included fixtures, fittings, and furniture if applicable

4. Due Diligence Documents: Building permits, zoning certificates, and other relevant documentation

5. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

6. Property Management Documents: Service contracts, maintenance agreements to be transferred

7. Power of Attorney: If required for completion of the transaction

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)

Hospitality (for hotel properties)

Retail (for commercial properties)

Industrial

Residential Property

Commercial Property

Public Sector

Relevant Teams

Legal

Real Estate

Compliance

Finance

Property Management

Business Development

Investment

Asset Management

Risk Management

Operations

Due Diligence

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Notary

Property Developer

Investment Manager

Asset Manager

Real Estate Analyst

Compliance Officer

Transaction Manager

Real Estate Portfolio Manager

Property Acquisitions Manager

Real Estate Finance Manager

Due Diligence Specialist

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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