All Countries
Real Estate
Residential Purchase Agreement

Residential Purchase Agreement Template for Austria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Residential Purchase Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Residential Purchase Agreement

"I need a standard Residential Purchase Agreement for buying a single-family house in Vienna, with completion scheduled for March 2025, including standard warranties and incorporating Austrian transfer tax requirements."

Celebrated by
Collaborations with
Investors
Document background
The Residential Purchase Agreement is a critical legal document used in Austrian property transactions to formalize the sale and purchase of residential real estate. It serves as the primary contract between the seller and buyer, establishing their respective rights and obligations under Austrian law. This document is essential when transferring ownership of houses, apartments, or other residential properties in Austria, and must comply with the Austrian Civil Code (ABGB), Land Register Act (GBG), and other relevant legislation. The agreement typically includes detailed property descriptions, purchase price and payment terms, conditions for ownership transfer, warranties, and specific provisions required by Austrian property law. It's particularly important as it forms the basis for the land registry entry (Grundbuch) and ensures all aspects of the property transfer are properly documented and legally binding.
Suggested Sections

1. Parties: Identification of seller and buyer with full legal names, addresses, and registration details if applicable

2. Background: Context of the sale and brief description of the property being transferred

3. Definitions: Key terms used throughout the agreement, including property-specific terminology

4. Property Description: Detailed description of the property including land register details (Grundbuch), property address, and cadastral number

5. Purchase Price: Specified purchase price, payment terms, and payment schedule

6. Transfer of Ownership: Terms and conditions for the transfer of property ownership, including registration in the land register

7. Representations and Warranties: Seller's declarations regarding property condition, encumbrances, and legal status

8. Handover and Transfer of Risk: Timing and conditions for physical handover of the property and transfer of risk

9. Costs and Taxes: Allocation of transaction costs, transfer taxes, and registration fees

10. Default and Remedies: Consequences of breach and available remedies for both parties

11. Notices: Communication procedures between parties

12. Governing Law: Confirmation of Austrian law application and jurisdiction

13. Execution: Signature requirements and execution formalities

Optional Sections

1. Mortgage and Financing: Required if there are existing mortgages to be discharged or new financing arrangements

2. Condominium Provisions: Required for apartments under the Wohnungseigentumsgesetz, including common areas and ownership shares

3. Construction Completion: Required for properties under construction, incorporating BTVG requirements

4. Tenant Rights: Required if the property is currently leased to tenants

5. Environmental Provisions: Required if there are known environmental issues or contamination

6. Heritage Protection: Required for properties under historical monument protection

7. Special Use Rights: Required if there are easements or special use rights affecting the property

8. Agent Provisions: Required if real estate agents are involved in the transaction

Suggested Schedules

1. Property Details: Detailed land register extract (Grundbuchauszug) and cadastral information

2. Property Plans: Floor plans, site plans, and relevant building plans

3. Inventory List: List of included fixtures, fittings, and furniture if applicable

4. Due Diligence Documents: Property inspection reports, energy certificate, and building permits

5. Payment Schedule: Detailed breakdown of payment installments and timing

6. Encumbrances: List of existing encumbrances, easements, and restrictions

7. Handover Protocol: Template for recording the physical handover of the property

8. Land Register Application: Draft application for registration of ownership transfer

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Property
Purchase Price
Completion Date
Grundbuch
Land Register Extract
Deposit
Business Day
Completion
Due Diligence Period
Encumbrances
Fixtures and Fittings
Handover Date
Property Documents
Purchase Price Payment Date
Registration
Seller's Warranties
Transfer of Ownership
Signing Date
Cadastral Number
Common Areas
Consideration
Deposit Holder
Effective Date
Force Majeure
Handover Protocol
Material Adverse Change
Permitted Use
Property Rights
Purchase Deed
Related Rights
Security Interest
Title Documents
Transaction Documents
Utilities
VAT
Working Day
EPC Certificate
Notarial Deed
Transfer Tax
Clauses
Identification of Parties
Property Description
Purchase Price
Payment Terms
Transfer of Ownership
Registration Rights
Title Warranties
Property Condition
Due Diligence
Vacant Possession
Encumbrances
Representations and Warranties
Seller Obligations
Buyer Obligations
Completion Requirements
Property Handover
Risk Transfer
Tax Obligations
Cost Allocation
Insurance
Default and Remedies
Force Majeure
Amendment
Assignment
Severability
Entire Agreement
Notices
Governing Law
Jurisdiction
Dispute Resolution
Execution
Land Registry Requirements
Environmental Matters
Utilities and Services
Property Access
Indemnification
Relevant Industries

Real Estate

Residential Property

Construction

Property Development

Legal Services

Financial Services

Property Management

Banking

Insurance

Professional Services

Relevant Teams

Legal

Real Estate

Property Management

Sales

Compliance

Risk Management

Corporate Services

Investment

Operations

Administrative Support

Finance

Due Diligence

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Notary

Legal Counsel

Property Developer

Mortgage Advisor

Real Estate Investment Manager

Compliance Officer

Property Valuation Expert

Transaction Manager

Real Estate Portfolio Manager

Legal Administrator

Property Sales Manager

Land Registry Officer

Industries
ABGB (Allgemeines Bürgerliches Gesetzbuch): Austrian Civil Code - Contains fundamental provisions on contract law, property rights, and real estate transactions (particularly §§ 380-446 on property transfer and §§ 1053-1089 on purchase contracts)
GBG (Grundbuchsgesetz): Land Register Act - Regulates the registration of property rights and encumbrances in the land register, essential for property transfer
BTVG (Bauträgervertragsgesetz): Developer Contract Act - Applies if the property is not yet built or under construction, protecting buyers' interests
KSchG (Konsumentenschutzgesetz): Consumer Protection Act - Applies when the seller is a business entity and the buyer is a consumer, providing additional protections
GrEStG (Grunderwerbsteuergesetz): Real Estate Transfer Tax Act - Regulates the taxation aspects of property transfers
IMB-VO (Immobilienmaklerverordnung): Real Estate Agent Regulation - Relevant if real estate agents are involved in the transaction
WEG (Wohnungseigentumsgesetz): Condominium Act - Applies if the property is a condominium or part of a multi-unit building
NotO (Notariatsordnung): Notary Regulation - Relevant for the authentication of signatures and potential notarial deed requirements
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Real Estate Agreement To Sell

An Austrian law-governed agreement for the sale and transfer of real estate ownership, requiring notarization and land register registration.

find out more

Buyer And Seller Agreement Contract

An Austrian law-governed agreement establishing terms and conditions between buyer and seller for the sale of goods or services.

find out more

Form For Real Estate Purchase Agreement

Standard Austrian real estate purchase agreement template compliant with ABGB and Austrian property laws, suitable for both residential and commercial transactions.

find out more

Residential Purchase Agreement

An Austrian law-governed agreement for the sale and purchase of residential property, incorporating all essential terms and conditions required under Austrian property law.

find out more

Offer To Purchase Form

An Austrian law-compliant document presenting a formal offer to purchase property, including essential terms and conditions for the transaction.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.