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Commercial Property Purchase Contract

Commercial Property Purchase Contract Template for Germany

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Key Requirements PROMPT example:

Commercial Property Purchase Contract

"I need a Commercial Property Purchase Contract for acquiring a multi-tenant office building in Berlin, with specific provisions for existing lease agreements and ongoing property management contracts to be transferred by March 2025."

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Document background
The Commercial Property Purchase Contract is a fundamental document used in German commercial real estate transactions for transferring ownership of business properties. It must be executed in accordance with German law, particularly the German Civil Code (BGB), and requires notarization to be legally valid. This contract type is essential when businesses seek to acquire commercial properties for various purposes such as office space, retail locations, industrial facilities, or investment properties. The document encompasses crucial elements including property details, purchase price, payment terms, warranties, and specific provisions regarding property condition, existing tenancies, and compliance with local regulations. It serves as the primary instrument for documenting the agreement between parties and ensuring legal certainty in commercial property transactions within the German jurisdiction.
Suggested Sections

1. Parties: Identification and details of the seller and purchaser, including full legal names, registration numbers for companies, and addresses

2. Background: Context of the transaction and brief description of the property and its current use

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

4. Property Description: Detailed description of the property including exact address, land registry details, and cadastral information

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

6. Due Diligence: Confirmation of property inspection and review of relevant documents

7. Warranties and Representations: Seller's warranties regarding property ownership, encumbrances, and condition

8. Transfer of Ownership: Terms for the transfer of title (Auflassung) and registration in the land register

9. Costs and Taxes: Allocation of transaction costs, including notary fees, registration costs, and transfer taxes

10. Possession and Risk: Date of transfer of possession and allocation of risks

11. Notarization: Acknowledgment of notarial requirements and execution process

12. Governing Law: Confirmation of German law application and jurisdiction

Optional Sections

1. Existing Tenancies: Details of existing lease agreements and their treatment post-sale - include when property has current tenants

2. Environmental Provisions: Specific provisions regarding environmental conditions and liabilities - include when property has potential environmental issues

3. Development Rights: Details of any existing or pending development rights - include when property has development potential

4. Financing Conditions: Conditions related to purchaser's financing - include when purchase is subject to financing

5. Asset Sale Provisions: Provisions for included fixtures, fittings, and equipment - include when sale includes significant movable assets

6. Property Management: Transition provisions for property management - include when property has existing management structures

7. Pre-emption Rights: Handling of any existing pre-emption rights - include when such rights exist

8. Construction Obligations: Ongoing construction or renovation obligations - include when property is under development

Suggested Schedules

1. Property Plan: Detailed plans and drawings of the property

2. Land Register Extract: Current extract from the land register (Grundbuchauszug)

3. Building Permits: Copies of existing building permits and related documentation

4. Technical Due Diligence: Reports on building condition and technical inspections

5. Existing Leases: Copies of current lease agreements and rental schedules

6. Encumbrances: List and details of existing encumbrances and easements

7. Energy Certificate: Energy performance certificate (Energieausweis)

8. Inventory: List of included fixtures, fittings, and equipment

9. Environmental Reports: Environmental assessment reports and certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 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

Commercial Real Estate

Retail

Manufacturing

Logistics

Hospitality

Office Space

Industrial

Healthcare

Banking and Finance

Professional Services

Technology

Education

Relevant Teams

Legal

Finance

Real Estate

Operations

Compliance

Risk Management

Tax

Facilities Management

Corporate Development

Investment

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Real Estate Director

Property Manager

Legal Counsel

Corporate Lawyer

Investment Manager

Asset Manager

Facilities Manager

Development Director

Finance Director

Commercial Director

Operations Manager

Risk Manager

Compliance Officer

Tax Manager

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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