Document background
The Deed of Sale of Absolute Sale is a fundamental legal instrument in Austrian property law, used when complete and irrevocable transfer of property ownership is intended. This document type is essential for any property transaction in Austria, whether involving residential, commercial, or industrial property. It must comply with the Austrian Civil Code (ABGB) and requires notarization to be legally valid. The deed includes comprehensive details about the property, parties involved, purchase price, and terms of transfer, and serves as the basis for registration in the Austrian land registry (Grundbuch). This document type is particularly important as it provides legal certainty for both parties and meets all formal requirements for property transfer under Austrian law.
