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Selling Real Estate Contract Template for Austria

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Key Requirements PROMPT example:

Selling Real Estate Contracts

"I need an Austrian Selling Real Estate Contract for a luxury residential property in Vienna's first district, with specific provisions for included antique fixtures and a delayed handover date of March 15, 2025, as the current owner needs time to relocate."

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Document background
Selling Real Estate Contracts in Austria are formal legal documents used for transferring property ownership from seller to buyer. These contracts must comply with strict Austrian legal requirements, including mandatory notarization and registration in the land register (Grundbuch). The document is essential for any real estate transaction in Austria, whether involving residential, commercial, or industrial properties. It contains detailed information about the property, parties involved, purchase price, payment terms, and transfer conditions. The contract must address specific Austrian legal requirements such as the Real Estate Transfer Tax Act (GrEStG) and the Land Register Act (GBG). Selling Real Estate Contracts are particularly important as they form the legal basis for property ownership transfer and must include all necessary provisions for land registry registration.
Suggested Sections

1. Parties (Vertragsteile): Identification of seller and buyer with full legal names, addresses, and identification numbers

2. Background (Präambel): Context of the sale and current ownership status of the property

3. Definitions (Definitionen): Key terms used throughout the agreement

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

5. Purchase Price (Kaufpreis): Agreed purchase price, payment terms, and payment schedule

6. Transfer of Ownership (Eigentumsübertragung): Terms and conditions for the transfer of property ownership

7. Handover (Übergabe): Conditions and timing for physical handover of the property

8. Representations and Warranties (Gewährleistungen): Seller's warranties about the property's condition and legal status

9. Encumbrances (Belastungen): Declaration of existing mortgages, easements, or other encumbrances

10. Costs and Taxes (Kosten und Steuern): Allocation of transaction costs, taxes, and fees

11. Registration Authorization (Grundbuchsklausel): Authorization for land register registration

12. Governing Law and Jurisdiction (Rechtswahl und Gerichtsstand): Confirmation of Austrian law application and jurisdiction

13. Closing Provisions (Schlussbestimmungen): Final clauses including severability and amendment provisions

Optional Sections

1. Mortgage Assignment (Hypothekenübernahme): Used when existing mortgages are being transferred to the buyer

2. Fixture and Fittings (Inventar): When specific fixtures or fittings are included in the sale

3. Development Obligations (Bauverpflichtungen): When the property includes undeveloped land with building obligations

4. Rental Situation (Mietverhältnisse): When the property is sold with existing tenants

5. Special Use Rights (Sondernutzungsrechte): For properties with specific use rights or restrictions

6. Environmental Provisions (Umweltrechtliche Bestimmungen): When environmental issues or obligations need to be addressed

7. Predecessor Documents (Vorhandene Unterlagen): When referencing important previous contracts or documents

Suggested Schedules

1. Land Register Extract (Grundbuchauszug): Current extract from the land register showing ownership and encumbrances

2. Property Plans (Grundrissplan): Floor plans and property boundary plans

3. Energy Certificate (Energieausweis): Mandatory energy performance certificate

4. Inventory List (Inventarliste): Detailed list of included fixtures and fittings

5. Property Photos (Fotodokumentation): Photographic documentation of the property's condition

6. Building Permits (Baubewilligungen): Copies of relevant building permits and certificates

7. Technical Due Diligence (Technische Prüfberichte): Reports on building condition and technical assessments

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
Property (Kaufobjekt)
Purchase Price (Kaufpreis)
Closing Date (Übergabetag)
Land Register (Grundbuch)
Handover Protocol (Übergabeprotokoll)
Encumbrances (Belastungen)
Due Date (Fälligkeitstag)
Deposit (Anzahlung)
Registration Fee (Eintragungsgebühr)
Transfer Tax (Grunderwerbsteuer)
Building Permit (Baubewilligung)
Energy Certificate (Energieausweis)
Seller's Bank Account (Verkäuferkonto)
Escrow Account (Treuhandkonto)
Land Register Extract (Grundbuchauszug)
Property Tax (Grundsteuer)
Fixtures and Fittings (Inventar)
Cadastral Number (Grundstücksnummer)
Property Address (Liegenschaftsadresse)
Notarial Deed (Notariatsakt)
Easements (Dienstbarkeiten)
Usufruct Rights (Nutzungsrechte)
Registration Clause (Grundbuchsklausel)
Title (Eigentumstitel)
Warranty Period (Gewährleistungsfrist)
Building Regulations (Bauordnung)
Zoning Plan (Flächenwidmungsplan)
Operating Costs (Betriebskosten)
Inspection Date (Besichtigungstermin)
Defects (Mängel)
Clauses
Property Description
Purchase Price
Payment Terms
Transfer of Ownership
Warranties and Representations
Title Transfer
Property Handover
Due Diligence
Encumbrances
Registration Requirements
Tax Obligations
Risk Transfer
Insurance
Utilities and Services
Existing Tenancies
Environmental Compliance
Property Condition
Building Regulations
Dispute Resolution
Force Majeure
Termination
Notarization Requirements
Land Register Registration
Costs and Fees
Severability
Notices
Governing Law
Jurisdiction
Entire Agreement
Amendment
Assignment
Survival
Indemnification
Default Remedies
Escrow Arrangements
Relevant Industries

Real Estate

Residential Property

Commercial Property

Industrial Property

Construction

Property Development

Banking and Finance

Legal Services

Property Management

Urban Development

Agriculture (for agricultural land)

Retail (for retail properties)

Hospitality (for hotel properties)

Relevant Teams

Legal

Real Estate

Property Management

Asset Management

Facilities Management

Compliance

Finance

Risk Management

Investment

Operations

Development

Acquisitions

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Notary Public

Property Developer

Investment Manager

Asset Manager

Real Estate Investment Director

Facilities Manager

Corporate Counsel

Real Estate Transaction Manager

Development Director

Property Acquisition Manager

Real Estate Portfolio Manager

Compliance Officer

Industries
ABGB (Allgemeines Bürgerliches Gesetzbuch): Austrian Civil Code - Contains fundamental provisions on property law, contract law, and legal requirements for real estate transactions (particularly §§ 380-446 on property transfer)
GBG (Grundbuchsgesetz): Land Register Act - Regulates the registration of property rights and encumbrances in the land register, essential for property transfer validity
BTVG (Bauträgervertragsgesetz): Developer Contract Act - Provides specific regulations for property sales from developers, including protection measures for buyers
GrEStG (Grunderwerbsteuergesetz): Real Estate Transfer Tax Act - Governs the taxation aspects of real estate transactions
NO (Notariatsordnung): Notary Regulations - Stipulates the requirements for notarial authentication of real estate contracts
KSchG (Konsumentenschutzgesetz): Consumer Protection Act - Applies when selling to private individuals, providing additional protection measures
WEG (Wohnungseigentumsgesetz): Condominium Act - Specific regulations for the sale of condominiums and apartment properties
IMV (Immobilienmaklerverordnung): Real Estate Agent Regulation - Relevant if real estate agents are involved in the transaction
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

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