Document background
The Home Purchase Agreement (Kaufvertrag für Immobilien) is a fundamental legal document used in Austrian real estate transactions. It is essential for documenting the transfer of property ownership between parties and must comply with strict formal requirements under Austrian law. The agreement is typically used when selling or purchasing residential or commercial properties in Austria and must be notarized to be legally valid. It includes crucial information about the property, parties involved, purchase price, payment terms, and specific provisions required by Austrian property law. The document serves as the basis for land register registration and calculation of transfer taxes. It is drafted in accordance with the Austrian Civil Code (ABGB), Land Register Act (GBG), and other relevant legislation, making it a crucial document for ensuring legal certainty in property transactions.
