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The Owner Financed Sales Contract is utilized in Switzerland when traditional bank financing is either not preferred or not available for a property purchase. This document serves as both a sales agreement and a financing arrangement, providing an alternative pathway for property acquisition. It is particularly relevant in situations where sellers are willing to accept periodic payments instead of a lump sum, or where buyers may face challenges accessing conventional mortgage financing. The contract must comply with Swiss federal and cantonal regulations, including the Swiss Code of Obligations, Civil Code, and where applicable, Lex Koller for foreign buyers. It typically includes detailed terms about the property transfer, payment schedule, interest rates, security arrangements, and default provisions, all structured within the Swiss legal framework.

1. Parties: Identification of seller (owner-financier) and buyer, including full legal names, addresses, and any registration numbers

2. Background: Context of the sale, description of the property, and explanation of the owner-financing arrangement

3. Definitions: Key terms used throughout the agreement, including property description, purchase price, financing terms, and other relevant terminology

4. Sale and Purchase: Core terms of the property sale, including property description, purchase price, and transfer conditions

5. Payment Terms: Detailed structure of the owner financing, including down payment, installment amounts, interest rate, and payment schedule

6. Security Arrangements: Legal mechanisms to secure the seller's interest, including mortgage or lien provisions

7. Transfer of Title: Conditions and process for the transfer of property ownership, including registration requirements

8. Representations and Warranties: Statements of fact and guarantees from both parties regarding the property and their capacity to enter the agreement

9. Insurance and Maintenance: Requirements for property insurance and maintenance obligations during the financing period

10. Default and Remedies: Consequences and procedures in case of payment default or other breaches

11. Governing Law and Jurisdiction: Specification of Swiss law application and jurisdiction for disputes