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Unimproved Property Contract Template for Germany

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Key Requirements PROMPT example:

Unimproved Property Contract

"I need an Unimproved Property Contract for purchasing a 5-hectare industrial plot in Munich, Germany, with specific provisions for environmental assessment and future commercial development rights, planned for completion by March 2025."

Document background
The Unimproved Property Contract is essential for transactions involving undeveloped land in Germany. It serves as the primary legal instrument for transferring ownership of vacant land, whether for future development, agricultural use, or investment purposes. The document must comply with German property law, particularly the Bürgerliches Gesetzbuch (BGB) and various federal and state regulations governing real estate transactions. This contract type is specifically designed to address the unique aspects of unimproved property sales, including soil quality assessments, development restrictions, and future use possibilities. It requires notarization and subsequent registration in the German land register (Grundbuch) to effect the transfer of ownership.
Suggested Sections

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

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

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

4. Property Description: Detailed description of the unimproved property including land registry details, parcel numbers, size, and boundaries

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

6. Due Diligence: Seller's warranties regarding the property and buyer's investigation rights

7. Conditions Precedent: Conditions that must be fulfilled before completion, including obtaining necessary permits and clearances

8. Completion: Process and requirements for completing the transaction, including notarization requirements

9. Transfer of Title: Provisions regarding the transfer of ownership and registration in the land register

10. Taxes and Costs: Allocation of transaction costs, taxes, and fees between parties

11. Representations and Warranties: Standard warranties regarding property ownership, encumbrances, and condition

12. Default and Remedies: Consequences of breach and available remedies

13. Notices: Communication requirements and contact details

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

Optional Sections

1. Environmental Conditions: Required when there are known or potential environmental issues or contamination

2. Development Rights: Include when specific building or development rights need to be addressed

3. Access Rights: Necessary when the property requires access through neighboring land

4. Mineral Rights: Include when mineral rights are being retained or transferred

5. Pre-emption Rights: Required when there are existing pre-emption rights or when creating new ones

6. Broker Provisions: Include when real estate brokers are involved in the transaction

7. Future Development Obligations: Required when there are specific development requirements or restrictions

8. Agricultural Subsidies: Include for agricultural land with existing subsidy arrangements

Suggested Schedules

1. Property Plan: Official cadastral plan showing property boundaries and dimensions

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

3. Soil Investigation Report: Results of any soil investigations or contamination assessments

4. Planning Documentation: Relevant zoning and planning certificates or permits

5. Property Tax Assessment: Current property tax assessment and payment status

6. Utility Plans: Plans showing available utility connections or easements

7. Title Documentation: Historical title documents and encumbrance certificates

8. Power of Attorney: If required for either party's representatives

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





































Clauses






























Relevant Industries

Real Estate

Property Development

Construction

Agriculture

Commercial Property

Industrial Development

Urban Planning

Environmental Services

Legal Services

Investment & Finance

Relevant Teams

Legal

Real Estate

Property Development

Investment

Compliance

Finance

Environmental

Project Management

Corporate Development

Due Diligence

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Investment Manager

Land Acquisition Specialist

Environmental Compliance Officer

Property Surveyor

Real Estate Agent

Development Director

Project Manager

Corporate Lawyer

Due Diligence Specialist

Real Estate Investment Analyst

Urban Planning Consultant

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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