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The Home Purchase And Sale Agreement is a crucial legal document used in Austrian real estate transactions to formalize the transfer of property ownership. It serves as the primary contract between buyers and sellers, incorporating mandatory elements required by Austrian property law, including the ABGB (Austrian Civil Code), the Land Registry Act (Grundbuchsgesetz), and various other regulatory requirements. This document is essential for both residential and commercial property transactions in Austria, requiring notarization and specific formatting to ensure land registry acceptance. It includes detailed provisions for property description, purchase price, payment terms, warranties, and transfer conditions, while also addressing local requirements such as energy certificates and property registration procedures.

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

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

3. Definitions: Definitions of key terms used throughout the agreement

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

5. Purchase Price: Specification of the purchase price, payment terms, and escrow arrangements

6. Payment Terms: Detailed payment schedule, method of payment, and banking details

7. Transfer of Ownership: Conditions and process for transferring property ownership via the land registry

8. Representations and Warranties: Seller's warranties regarding property condition, encumbrances, and legal status

9. Handover Conditions: Terms and timing for physical handover of the property

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

11. Due Diligence: Buyer's inspection rights and related procedures

12. Notices: Communication procedures between parties

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

14. Execution: Signature requirements and notarization provisions