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Real Estate Contract Of Sale
"I need a Real Estate Contract of Sale for the purchase of a commercial warehouse in Berlin, with completion scheduled for March 2025, including specific provisions for existing tenant agreements and environmental compliance requirements."
1. Parties: Identification and details of the seller and purchaser, including full legal names, addresses, and registration details if companies are involved
2. Background: Context of the sale and brief description of the transaction
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including land registry details (Grundbuch), exact location, size, and included fixtures
5. Purchase Price: Specification of the purchase price, payment terms, and escrow arrangements
6. Due Diligence Results: Confirmation of property inspection results and disclosure of known defects
7. Transfer of Ownership: Terms for the Auflassung (conveyance declaration) and registration in the land register
8. Representations and Warranties: Seller's warranties regarding property condition, encumbrances, and legal status
9. Costs and Taxes: Allocation of transaction costs, including transfer tax, notary fees, and registration costs
10. Possession and Risk: Transfer of possession, keys, and risk allocation
11. Notice and Registration Consent: Consent for land registry registration and required notices
12. Governing Law: Confirmation of German law application and jurisdiction
13. Execution: Signature blocks and notarization requirements
1. Existing Tenancies: Details of existing rental agreements and their handling - included when the property is sold with sitting tenants
2. Mortgage Release: Provisions for releasing existing mortgages - included when the property has existing encumbrances
3. Construction Requirements: Specific provisions regarding incomplete construction or required renovations - included for properties under construction or requiring specific work
4. Environmental Conditions: Special provisions regarding environmental issues - included when environmental concerns exist
5. Pre-emptive Rights: Handling of municipal or other pre-emptive rights - included when such rights exist
6. Agent Provisions: Details of real estate agent involvement and commission - included when agents are involved
7. Furniture and Fixtures: Detailed list of included/excluded items - included when specific items need to be addressed
8. Special Use Requirements: Specific provisions regarding property use restrictions - included when special use conditions apply
1. Property Plans: Official cadastral plans and property boundaries
2. Land Register Extract: Current extract from the Grundbuch showing ownership and encumbrances
3. Energy Certificate: Current energy performance certificate (Energieausweis)
4. Property Condition Report: Detailed description of property condition and any defects
5. Inventory List: Detailed list of included fixtures and fittings
6. Building Permits: Copies of relevant building permits and certificates
7. Property Tax Assessment: Current property tax assessment and payment status
8. Technical Due Diligence: Reports on building condition, contamination checks, and other technical assessments
Authors
Real Estate
Banking & Finance
Construction
Property Development
Property Investment
Hospitality
Retail
Industrial
Agriculture
Legal Services
Public Sector
Infrastructure
Legal
Real Estate
Property Management
Business Development
Finance
Compliance
Risk Management
Operations
Facilities Management
Asset Management
Investment
Construction
Real Estate Lawyer
Property Developer
Real Estate Agent
Property Manager
Investment Manager
Asset Manager
Legal Counsel
Notary
Commercial Director
Business Development Manager
Finance Manager
Property Surveyor
Facilities Manager
Construction Manager
Risk Manager
Compliance Officer
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