Document background
The Real Property Contract (Kaufvertrag) is the primary document used for real estate transactions in Austria. It is essential for any transfer of real property ownership, whether residential, commercial, or agricultural. The document must comply with strict Austrian legal requirements, including those set forth in the ABGB, Grundbuchsgesetz, and applicable state-specific Grundverkehrsgesetz. It's used when parties wish to transfer property ownership and requires careful consideration of land register requirements, tax implications, and potential restrictions on foreign ownership. The contract typically requires notarization and must include specific provisions to ensure it can be properly registered in the Austrian land register (Grundbuch).
