Wholesale Real Estate Contract Template for Austria

The Wholesale Real Estate Contract under Austrian law is primarily used for large-scale commercial property transactions between professional parties. This document is essential when dealing with significant real estate investments, multiple property units, or commercial development projects in Austria. It incorporates specific requirements from Austrian property law, including the ABGB and UGB, while addressing commercial aspects such as bulk purchase arrangements, development rights, and complex financing structures. The contract is particularly relevant for institutional investors, real estate investment companies, and developers engaging in substantial property transactions. It includes comprehensive provisions for due diligence, warranties, risk allocation, and specific requirements for property registration in the Austrian land register (Grundbuch).

1. Parties: Identification of all contracting parties including full legal names, registration numbers, addresses, and authorized representatives

2. Background: Context of the transaction, including property history and purpose of the wholesale arrangement

3. Definitions: Definitions of key terms used throughout the contract, including technical real estate and wholesale-specific terminology

4. Property Description: Detailed description of the property including land register details, cadastral numbers, exact location, and size

5. Purchase Price: Specification of the purchase price, payment terms, installments, and any wholesale-specific pricing arrangements

6. Payment Terms: Detailed payment schedule, method of payment, and conditions for payment

7. Transfer of Ownership: Conditions and process for transferring property ownership, including land register requirements

8. Representations and Warranties: Declarations about the property's condition, legal status, and other material facts

9. Due Diligence: Requirements and procedures for property inspection and verification

10. Closing Conditions: Prerequisites and conditions that must be met before closing the transaction

11. Risk and Insurance: Allocation of risk and insurance requirements before and after closing

12. Taxes and Costs: Distribution of transaction costs, taxes, and fees between parties

13. Governing Law and Jurisdiction: Specification of Austrian law application and competent courts

14. Termination: Grounds and procedures for contract termination

15. Notices: Communication procedures and contact details for official notices