Document background
The Deed of Ownership (Eigentumsurkunde) is a crucial legal document used in Austrian property transactions to transfer real estate ownership from one party to another. It is required whenever there is a change in property ownership, whether through sale, gift, or other transfer methods. The document must comply with Austrian Civil Code requirements and Land Register regulations, requiring notarization and official registration. It includes comprehensive property details, party information, transfer terms, and any encumbrances or special conditions. This deed serves as the foundation for property rights in Austria and must be registered in the land register (Grundbuch) to become legally effective. It's particularly important as Austrian law follows the principle of registration, meaning property rights only transfer upon proper registration of the deed.
