The Simple Land Sale Contract is a fundamental legal document used in German real estate transactions to transfer property ownership from seller to buyer. This document is essential for any real estate transaction in Germany and must comply with strict legal requirements, including notarization and registration in the Land Registry (Grundbuch). The contract includes critical information such as parties' details, property description, purchase price, payment terms, warranties, and conditions for transfer of ownership. It serves as the basis for the formal property transfer process (Auflassung) and must address all mandatory elements required under German property law. The document is particularly important as it forms the foundation for the legal transfer of real estate and must be carefully drafted to ensure enforceability and compliance with German civil law requirements.
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1. Parties: Identification of the seller and buyer with full legal names, addresses, and registration details if companies
2. Background: Brief context of the transaction and confirmation of seller's ownership
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including land registry details (Grundbuch) and cadastral information
5. Purchase Price: The agreed purchase price and payment terms
6. Payment Terms: Details of how and when payment will be made, including escrow arrangements if applicable
7. Transfer of Ownership: Conditions and process for transferring title (Auflassung)
8. Representations and Warranties: Seller's warranties about the property's condition and encumbrances
9. Possession and Risk: When and how possession will be transferred and risk allocation
10. Costs and Taxes: Allocation of transaction costs and tax obligations
11. Notices: How formal communications between parties should be made
12. Governing Law: Confirmation of German law application and jurisdiction
1. Existing Tenancies: Required if there are current tenants, describing their rights and status
2. Development Obligations: Include if there are specific building or development requirements
3. Environmental Provisions: Required if there are known environmental issues or concerns
4. Mortgage Release: Include if there are existing mortgages to be discharged
5. Pre-emption Rights: Required if there are any pre-emption rights (Vorkaufsrechte)
6. Condition Precedents: Include if completion is subject to specific conditions
7. Broker Provisions: Required if real estate agents are involved in the transaction
1. Property Details: Detailed technical description of the property, including maps and plans
2. Land Registry Extract: Current Grundbuch extract showing ownership and encumbrances
3. Cadastral Documents: Official cadastral documentation and plans
4. Existing Encumbrances: List of all registered encumbrances and easements
5. Property Condition Report: If available, current condition assessment of the property
6. Building Permits: Copies of relevant building permits and certificates if applicable
Relevant legal definitions
Property
Purchase Price
Completion Date
Land Registry
Grundbuch
Auflassung
Business Day
Completion
Encumbrances
Existing Tenancies
Land Charges
Property Rights
Purchase Deed
Registration Requirements
Title Documents
Transfer Date
Warranties
Permitted Use
Building Rights
Easements
Planning Permissions
Public Charges
Transfer Tax
Notarial Deed
Payment Terms
Due Diligence Documents
Cadastral Register
Pre-emption Rights
Purchase Price
Completion Date
Land Registry
Grundbuch
Auflassung
Business Day
Completion
Encumbrances
Existing Tenancies
Land Charges
Property Rights
Purchase Deed
Registration Requirements
Title Documents
Transfer Date
Warranties
Permitted Use
Building Rights
Easements
Planning Permissions
Public Charges
Transfer Tax
Notarial Deed
Payment Terms
Due Diligence Documents
Cadastral Register
Pre-emption Rights
Clauses
Property Description
Purchase Price
Payment Terms
Transfer of Title
Representations and Warranties
Property Condition
Encumbrances
Registration Requirements
Notarization
Due Diligence
Risk Transfer
Possession
Existing Tenancies
Tax Obligations
Costs Allocation
Environmental Compliance
Building Regulations
Pre-emption Rights
Default
Force Majeure
Notices
Governing Law
Jurisdiction
Severability
Entire Agreement
Assignment
Third Party Rights
Completion Requirements
Post-Completion Obligations
Purchase Price
Payment Terms
Transfer of Title
Representations and Warranties
Property Condition
Encumbrances
Registration Requirements
Notarization
Due Diligence
Risk Transfer
Possession
Existing Tenancies
Tax Obligations
Costs Allocation
Environmental Compliance
Building Regulations
Pre-emption Rights
Default
Force Majeure
Notices
Governing Law
Jurisdiction
Severability
Entire Agreement
Assignment
Third Party Rights
Completion Requirements
Post-Completion Obligations
Relevant Industries
Real Estate
Construction
Banking & Finance
Agriculture
Commercial Property
Residential Property
Industrial
Retail
Hospitality
Urban Development
Relevant Teams
Legal
Real Estate
Property Management
Facilities
Asset Management
Investment
Operations
Finance
Commercial
Compliance
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Notary
Property Developer
Investment Manager
Asset Manager
Real Estate Investment Director
Facilities Manager
Land Surveyor
Commercial Director
Property Acquisitions Manager
Real Estate Portfolio Manager
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