tiktok³ÉÈË°æ

The Conveyance Agreement is a fundamental document in German real estate transactions, used whenever real property ownership is transferred between parties. It must comply with the German Civil Code (BGB), the Land Registry Act (GBO), and various other property-related regulations. This document is essential for both residential and commercial property transfers and requires mandatory notarization to be legally valid. The agreement typically includes detailed property descriptions, purchase price arrangements, warranties, encumbrances, and specific provisions required by German property law. It serves as the basis for the actual transfer of ownership through registration in the land registry (Grundbuch) and triggers various legal obligations including real estate transfer tax (Grunderwerbsteuer). The document's structure and content are heavily influenced by German legal requirements and local property practices, making it distinct from conveyance agreements in other jurisdictions.

1. Parties: Identification and details of the seller (Verkäufer) and buyer (Käufer), including full legal names, addresses, and registration details if companies

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

3. Definitions: Key terms used throughout the agreement, including property-specific terminology

4. Property Description: Detailed description of the property including land registry details (Grundbuch), plot numbers (Flurstück), and exact measurements

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

6. Transfer of Ownership: Terms regarding the transfer of title (Eigentumsübertragung) and registration in the land registry

7. Possession and Risk: Date of handover (Ãœbergabe) and transfer of risks and benefits

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

9. Encumbrances: Details of existing encumbrances (Belastungen) and their handling

10. Costs and Taxes: Allocation of transaction costs, including transfer tax, notary fees, and registration costs

11. Registration Authorizations: Powers of attorney and authorizations for land registry proceedings

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

13. Execution Requirements: Notarization requirements and execution formalities