Document background
The Residential Real Estate Sales Contract is a fundamental legal document used in Austrian property transactions for transferring ownership of residential properties from seller to buyer. It is essential for both private and commercial property transactions, incorporating all requirements under Austrian property law, including the ABGB (Austrian Civil Code), Grundbuchsgesetz (Land Register Act), and relevant consumer protection legislation. This document should be used whenever residential property is being sold in Austria, whether it's a house, apartment, or condominium unit. It covers crucial elements such as property details, purchase price, payment terms, warranties, and specific Austrian legal requirements for property transfer. The contract must be properly executed and typically requires notarial authentication for land register registration purposes.
