Document background
The Real Estate Agreement To Sell is a fundamental document in Austrian property transactions, essential for legally transferring real estate ownership between parties. It must be prepared in accordance with Austrian law, particularly the ABGB (Austrian Civil Code) and Land Register Act. This document is used whenever real estate ownership needs to be transferred in Austria, whether for residential, commercial, or industrial properties. The agreement must be notarized to be legally valid and includes crucial information about the property, parties, purchase price, payment terms, warranties, and transfer conditions. It serves as the basis for the land register entry (Grundbucheintragung) and typically involves consideration of property transfer tax, registration fees, and other statutory requirements specific to Austrian real estate transactions.
