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The Residential Mortgage Contract is a fundamental document in Swiss property financing, used when an individual or family seeks to purchase residential property with borrowed funds from a financial institution. This contract type is essential in the Swiss real estate market, where approximately two-thirds of residents are tenants, making mortgage arrangements particularly significant for those transitioning to homeownership. The document must comply with strict Swiss banking regulations, including FINMA guidelines on minimum down payments and affordability criteria. It encompasses crucial elements such as loan terms, security arrangements, payment schedules, and borrower obligations. The contract is typically used in conjunction with property purchase agreements and requires consideration of both federal and cantonal laws. Swiss residential mortgage contracts are known for their conservative lending standards and typically feature lower interest rates compared to many other jurisdictions, reflecting Switzerland's stable financial market.

1. Parties: Identification of the lender (bank/financial institution) and borrower(s), including full legal names, addresses, and any registration numbers

2. Background: Context of the mortgage agreement, including property details and purpose of the loan

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

4. Loan Amount and Purpose: Specification of the mortgage amount, currency, and confirmed purpose of the loan

5. Property Details: Detailed description of the mortgaged property, including land registry details and property address

6. Interest Rate and Payments: Interest rate terms, whether fixed or variable, payment schedule, and calculation method

7. Term and Repayment: Duration of the mortgage, repayment schedule, and amortization requirements

8. Security: Details of the mortgage lien (hypoth��que/Hypothek) and its registration

9. Borrower's Representations: Borrower's confirmations regarding their financial situation, property ownership, and other material facts

10. Borrower's Obligations: Ongoing obligations including property maintenance, insurance, and payment requirements

11. Events of Default: Circumstances constituting default and their consequences

12. Lender's Rights: Rights of the lender, including inspection rights and enforcement measures

13. Insurance Requirements: Mandatory insurance coverage for the property

14. Costs and Fees: Distribution of costs, including registration fees, notary fees, and other charges

15. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction