Assignment Of Real Estate Purchase And Sale Agreement for Germany

Assignment Of Real Estate Purchase And Sale Agreement Template for Germany

A formal legal document governed by German law that facilitates the transfer of rights and obligations under an existing real estate purchase agreement from the original purchaser (Assignor) to a new purchaser (Assignee). This document must comply with German Civil Code (BGB) requirements and requires notarization under German law. It includes detailed provisions regarding the assignment of rights, obligations, and liabilities, payment terms, and necessary consents. The document ensures proper transfer of all interests in the property while maintaining the original seller's rights and requiring their consent to the assignment.

Your data doesn't train Genie's AI

You keep IP ownership of your information

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

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Assignment Of Real Estate Purchase And Sale Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Assignment Of Real Estate Purchase And Sale Agreement?

The Assignment Of Real Estate Purchase And Sale Agreement is a critical document used in German real estate transactions when the original purchaser wishes to transfer their rights and obligations under an existing purchase agreement to a new buyer. This situation commonly arises in property development projects, investment restructuring, or when the original purchaser cannot complete the transaction. The document must comply with strict German legal requirements, including mandatory notarization under the Beurkundungsgesetz (Notarization Act) and registration with the Grundbuch (Land Registry). It contains comprehensive details about the original purchase agreement, the property, payment arrangements, and warranties, while ensuring all parties' rights are protected under German law. The assignment requires the original seller's consent and must address all financial, legal, and administrative aspects of the transfer.

What sections should be included in a Assignment Of Real Estate Purchase And Sale Agreement?

1. Parties: Identification of the Assignor (original purchaser), Assignee (new purchaser), and Original Seller, including full legal names, addresses, and registration details if applicable

2. Background: Context of the original purchase agreement and the reason for assignment

3. Definitions: Key terms used throughout the agreement, including 'Original Purchase Agreement', 'Property', 'Assignment Date', etc.

4. Details of Original Purchase Agreement: Essential information about the original purchase agreement including date, parties, and property description

5. Assignment: Core provision assigning the rights and obligations under the original purchase agreement from Assignor to Assignee

6. Purchase Price and Payment: Details of the assignment price and payment terms between Assignor and Assignee

7. Assignor's Warranties: Warranties regarding the original agreement's validity, absence of prior assignments, and authority to assign

8. Assignee's Covenants: Assignee's commitment to perform all obligations under the original purchase agreement

9. Original Seller's Consent: Acknowledgment and consent of the original seller to the assignment

10. Notarization: Declaration that the agreement will be notarized as required by German law

11. Costs and Taxes: Allocation of notary fees, transfer taxes, and other costs

12. Governing Law: Confirmation of German law as governing law and jurisdiction

What sections are optional to include in a Assignment Of Real Estate Purchase And Sale Agreement?

1. Deposit Assignment: Transfer of any deposit paid under the original agreement, used when a deposit exists

2. Conditions Precedent: Any conditions that must be met before the assignment becomes effective, used when specific prerequisites exist

3. Real Estate Agent Provisions: Provisions regarding real estate agent fees and responsibilities, included when agents are involved

4. Mortgage or Financing: Provisions regarding existing or new financing arrangements, included when relevant

5. Due Diligence: Provisions for the review of property documentation, included when the assignee requires investigation period

6. Environmental Matters: Specific provisions regarding environmental liabilities, included for commercial properties or known environmental issues

7. Construction Status: For properties under construction, provisions regarding completion obligations and warranties

What schedules should be included in a Assignment Of Real Estate Purchase And Sale Agreement?

1. Original Purchase Agreement: Copy of the complete original purchase and sale agreement

2. Property Description: Detailed legal description of the property including land registry details

3. Payment Schedule: Detailed breakdown of payment terms and timelines

4. Outstanding Obligations: List of remaining obligations under the original purchase agreement

5. Due Diligence Documents: List of property documents provided or to be provided

6. Required Consents: Copies of third-party consents required for the assignment

7. Power of Attorney: If applicable, power of attorney documentation for any party

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

Jurisdiction

Germany

Publisher

Genie AI

Document Type

Sales Agreement

Sector

Sales

Cost

Free to use
Relevant legal definitions
Relevant Industries

Real Estate

Construction

Property Development

Investment Management

Banking & Finance

Legal Services

Property Management

Urban Development

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Acquisitions

Investment

Finance

Compliance

Property Management

Development

Risk Management

Corporate Affairs

Relevant Roles

Real Estate Lawyer

Property Developer

Investment Manager

Real Estate Agent

Legal Counsel

Notary

Property Manager

Transaction Manager

Real Estate Investment Director

Compliance Officer

Real Estate Finance Manager

Development Director

Asset Manager

Acquisitions Manager

Industries
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

Unconditional Contract Of Sale

A German law-governed sales agreement for the unconditional transfer of ownership of goods or property from seller to buyer, structured according to BGB requirements.

find out more

Pet Sale Contract

A German law-compliant contract for the sale and purchase of pets, incorporating animal welfare regulations and ownership transfer requirements.

find out more

Selling A Business Contract

A German law-governed agreement documenting the sale and purchase of a business, including essential terms, conditions, and regulatory compliance requirements.

find out more

Definitive Purchase Agreement

A German law-governed agreement that finalizes the terms and conditions for the purchase and sale of a business, assets, or shares, compliant with BGB and HGB requirements.

find out more

Co Sale Agreement

A German law-governed agreement establishing tag-along rights for minority shareholders when majority shareholders sell their shares, ensuring fair treatment and compliance with German corporate law.

find out more

Sales Exclusivity Agreement

A German law-governed agreement establishing exclusive sales rights between a supplier and distributor, ensuring compliance with German and EU competition regulations.

find out more

Used Car Sale Contract

A German law-compliant contract for the sale and purchase of used vehicles, incorporating essential requirements from German Civil Code and automotive regulations.

find out more

Vessel Purchase And Sale Agreement

A German law-governed agreement for the sale and purchase of a marine vessel, incorporating German maritime commerce provisions and international maritime regulations.

find out more

Simple Land Sale Contract

A notarized contract under German law for the sale and transfer of real property ownership, requiring registration in the German Land Registry (Grundbuch).

find out more

Private Sale Real Estate Contract

A notarized contract under German law for the private sale and purchase of real estate property, facilitating legal transfer of ownership between parties.

find out more

Mou Sales Agreement

A non-binding framework document under German law that outlines intended sales arrangements and key commercial terms between parties, serving as a precursor to a definitive sales agreement.

find out more

Conditional Sale And Purchase Agreement

A German law-governed agreement for conditional sale and purchase transactions, establishing terms and conditions for asset or business transfers subject to specific prerequisites.

find out more

Registered Agreement For Sale Of Property

A German law-governed agreement for real property transfer, requiring notarization and registration in the German Land Register (Grundbuch).

find out more

Motor Vehicle Retail Installment Sales Contract

A German law-governed contract for the sale of motor vehicles through installment payments, incorporating consumer protection and financial regulations.

find out more

Private Token Sale Agreement

A German law-governed agreement for the private sale of digital tokens, ensuring compliance with German financial regulations and BaFin requirements.

find out more

Used Vehicle Sale Agreement

A German law-compliant agreement for the sale and purchase of a used vehicle, covering ownership transfer and essential sale terms.

find out more

Real Estate Sales Contract Form

A German law-governed contract template for real estate sales transactions, requiring notarization and compliance with German property transfer regulations.

find out more

Sale Agreement For Bike

A German law-governed agreement for the sale and purchase of bicycles, suitable for both private and commercial transactions.

find out more

Sale With Buyback Agreement

German law-governed agreement for asset sale with repurchase rights, structured under BGB provisions for temporary ownership transfer.

find out more

Flat Purchase Agreement

A German law-governed agreement for the purchase and sale of a residential flat, requiring notarization and compliance with German property regulations.

find out more

Sale Of Medical Practice Agreement

A German law-governed agreement for the sale and transfer of a medical practice, including assets, patient records, and regulatory compliance requirements.

find out more

Retail Installment Sales Contract

A German law-governed contract for retail goods purchased through installment payments, incorporating consumer protection requirements and installment sale regulations under the BGB.

find out more

For Sale By Owner Land Contract

A notarized contract under German law for direct property sales between private parties without real estate agent involvement.

find out more

Sale Purchase Form

German law-compliant sale purchase agreement template for transferring ownership of goods or assets, structured according to BGB requirements.

find out more

Export Sales Contract

German law-governed contract establishing terms for international sale and export of goods, incorporating domestic commercial law and EU export regulations.

find out more

Horse Sale Contract

A German law-governed contract for the sale and transfer of ownership of a horse, incorporating specific requirements under German animal sales legislation and BGB provisions.

find out more

Registered Agreement For Sale

A notarized property sale agreement under German law that establishes terms for real estate transfer and registration in the German land registry (Grundbuch).

find out more

Simple Real Estate Purchase Contract

A notarized contract under German law for the purchase and sale of real estate property, including essential terms and conditions for property transfer.

find out more

Sub Sale Agreement

A German law-governed agreement managing chain sales transactions through intermediaries, establishing rights and obligations between original seller, intermediary, and end buyer.

find out more

Assignment Of Real Estate Purchase And Sale Agreement

A German law-governed agreement transferring rights and obligations under an existing real estate purchase contract from original purchaser to new purchaser, requiring notarization.

find out more

Camper Purchase Agreement

A German law-governed agreement for the sale and purchase of a camper vehicle, detailing terms, specifications, and ownership transfer conditions.

find out more

Sales Manager Employment Contract

German law-compliant employment contract for sales management positions, covering compensation, targets, and employment terms.

find out more

Legal Real Estate Contract

A notarized contract under German law for the legal transfer of real estate ownership, complying with BGB requirements and German property regulations.

find out more

Letter Of Sale Agreement

A German law-governed agreement documenting the terms and conditions of a sale transaction between parties, compliant with German Civil Code requirements.

find out more

Bill Of Sale Agreement For Car

A German law-compliant agreement documenting the sale and transfer of ownership of a motor vehicle between parties.

find out more

As Is Car Sale Agreement

A German-law governed vehicle sale agreement for "as is" transactions, limiting seller warranties while maintaining compliance with German legal requirements.

find out more

Retail Installment Agreement

A German law-governed agreement for consumer purchases with installment payments, compliant with BGB and EU consumer protection requirements.

find out more

Personal Property Sales Contract

A German law-governed contract for the sale of movable property, compliant with BGB requirements and including essential sale terms and warranty provisions.

find out more

Guaranteed Sale Agreement

A German law-governed agreement that guarantees specific terms and conditions for a sale transaction, ensuring price or completion certainty under German legal framework.

find out more

Business Sale Confidentiality Agreement

German law-governed confidentiality agreement for protecting sensitive information during business sale processes, compliant with GeschGehG and EU regulations.

find out more
See more related templates

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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

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

2 Docs LeftAccess Now