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Real Estate Purchase Contract
"I need a Real Estate Purchase Contract for a commercial property in Vienna's 1st district, where the current tenant will remain in place after the sale, with completion planned for March 2025."
1. Parties: Identification of the seller(s) and buyer(s) with full legal names, addresses, and other identification details as required by Austrian law
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the real estate including land register details (Grundbuch), property address, cadastral number, and size
5. Purchase Price: Statement of the purchase price, payment terms, and payment schedule
6. Payment Terms: Detailed arrangements for payment including escrow provisions and transfer of funds
7. Transfer of Ownership: Conditions and process for transferring property ownership, including land register registration requirements
8. Representations and Warranties: Seller's warranties regarding property condition, encumbrances, and legal status
9. Handover: Terms and conditions for the physical handover of the property
10. Costs and Taxes: Allocation of transaction costs, transfer taxes, and registration fees
11. Governing Law: Confirmation of Austrian law as governing law and jurisdiction
12. Execution: Signature requirements and notarization provisions
1. Mortgage and Encumbrances: Section dealing with existing mortgages and process for clearing encumbrances - required if property has existing charges
2. Tenant Provisions: Details of existing tenancies and related obligations - required if property is currently leased
3. Condition Precedents: Specific conditions that must be met before completion - used when there are particular requirements for closing
4. Construction Requirements: Specific provisions regarding unfinished construction or required renovations - used for properties under construction or requiring specific works
5. Condominium Provisions: Specific provisions relating to condominium ownership - required for apartment purchases
6. Agent Provisions: Details of real estate agent involvement and commissions - required if agents are involved
7. Environmental Provisions: Specific clauses dealing with environmental issues - required if there are environmental concerns or requirements
8. Parking and Storage: Details of parking spaces and storage units - required for urban properties with separate parking/storage rights
1. Property Plans: Official cadastral plans and property drawings
2. Land Register Extract: Current extract from the land register (Grundbuchauszug)
3. Property Handover Protocol: Template for documenting the physical handover of the property
4. Inventory List: List of included fixtures, fittings, and other items included in the sale
5. Energy Certificate: Energy performance certificate (Energieausweis)
6. Building Permits: Copies of relevant building permits and certificates
7. Payment Schedule: Detailed schedule of payment installments if applicable
8. Authorization Documents: Powers of attorney or corporate authorizations if required
Authors
Purchase Price
Completion Date
Handover Date
Land Register
Grundbuch
Cadastral Number
Completion
Contract Date
Deposit
Encumbrances
Existing Tenancies
Fixtures and Fittings
Grundbuchauszug
Handover Protocol
Land Registry Office
Material Adverse Change
Notarial Deed
Permitted Use
Property Rights
Purchase Documents
Real Estate Transfer Tax
Registration Fee
Seller's Warranties
Title Documents
Transfer of Ownership
Working Day
Building Permits
Energy Certificate
Property Manager
Easements
Common Areas
Building Rules
Operating Costs
Utility Connections
Property Insurance
Third Party Rights
Business Day
Signing Date
Purchase Price
Payment Terms
Transfer of Ownership
Land Registration
Warranties and Representations
Property Condition
Encumbrances
Due Diligence
Notarization Requirements
Property Handover
Costs and Taxes
Risk Transfer
Insurance
Existing Tenancies
Environmental Compliance
Building Permits
Utilities and Connections
Default and Remedies
Force Majeure
Notices
Assignment
Entire Agreement
Severability
Amendments
Governing Law
Jurisdiction
Dispute Resolution
Indemnification
Title Guarantee
Property Use
Completion Requirements
Pre-Completion Obligations
Post-Completion Obligations
Tax Provisions
Agent Provisions
Termination Rights
Real Estate
Construction
Property Development
Banking & Finance
Legal Services
Investment & Fund Management
Hospitality
Retail
Industrial & Manufacturing
Agriculture
Commercial Property
Residential Property
Legal
Real Estate
Property Management
Asset Management
Investment
Development
Acquisitions
Corporate Services
Facilities Management
Risk Management
Finance
Operations
Real Estate Lawyer
Property Developer
Real Estate Agent
Investment Manager
Property Manager
Legal Counsel
Notary
Corporate Lawyer
Transaction Manager
Asset Manager
Facilities Manager
Real Estate Investment Director
Development Director
Chief Legal Officer
Real Estate Portfolio Manager
Acquisition Manager
Property Surveyor
Commercial Director
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