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Property Sales Agreement

Property Sales Agreement Template for Switzerland

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Key Requirements PROMPT example:

Property Sales Agreement

"I need a Property Sales Agreement for a residential apartment in Zurich, Switzerland, with completion planned for March 2025; the agreement should include standard warranties and special provisions for parking space and storage unit."

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Document background
The Property Sales Agreement is a crucial legal document used in Swiss real estate transactions to formalize the transfer of property ownership. It must adhere to strict Swiss legal requirements, including mandatory notarization and compliance with both federal and cantonal laws. This agreement is essential when transferring any type of real estate in Switzerland, whether residential, commercial, or industrial property. It details all aspects of the transaction, including property description, purchase price, payment terms, warranties, and transfer conditions. The document must account for specific Swiss regulations such as the Lex Koller for foreign buyers, land registry requirements, and local property transfer laws. It serves as the foundational document for property transactions and must be prepared with careful attention to Swiss legal formalities to ensure validity and enforceability.
Suggested Sections

1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and any relevant registration numbers

2. Background: Context of the sale and brief description of the property transaction

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed legal description of the property including land registry details, plot number, and exact measurements

5. Purchase Price: Agreed purchase price and currency, including any deposits or installments

6. Payment Terms: Payment schedule, method of payment, and any conditions attached to payments

7. Transfer of Ownership: Process and conditions for transferring legal title, including land registry requirements

8. Representations and Warranties: Seller's warranties regarding property condition, ownership, and encumbrances

9. Handover Conditions: Terms for physical possession transfer and property condition at handover

10. Costs and Taxes: Allocation of transaction costs, taxes, and fees between parties

11. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction

12. Execution: Signature blocks and notarization requirements

Optional Sections

1. Mortgage Arrangements: Include when the purchase involves mortgage financing

2. Foreign Buyer Provisions: Required when the buyer is subject to Lex Koller restrictions

3. Tenant Provisions: Include when the property is sold with existing tenants

4. Construction Completion: Required for properties under construction or requiring renovation

5. Environmental Provisions: Include when there are environmental concerns or requirements

6. Parking and Storage: Include when separate parking spaces or storage units are part of the sale

7. Common Property Rights: Required for apartments or properties with shared facilities

8. Third-Party Rights: Include when there are easements or other third-party rights affecting the property

Suggested Schedules

1. Property Plans: Official cadastral plans and property measurements

2. Land Registry Extract: Current extract from the land registry

3. Property Inventory: List of fixtures, fittings, and items included in the sale

4. Condition Report: Detailed report on the property's current condition

5. Building Permits: Copies of relevant building permits and certificates

6. Insurance Certificates: Current building insurance documentation

7. Energy Certificate: Energy efficiency rating and certification

8. Payment Schedule: Detailed breakdown of payment installments and timing

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Banking & Finance

Legal Services

Construction & Development

Property Management

Insurance

Hospitality

Retail

Industrial & Manufacturing

Agriculture

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Investment

Asset Management

Due Diligence

Sales

Risk Management

Operations

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Notary Public

Legal Counsel

Compliance Officer

Property Developer

Investment Manager

Real Estate Investment Advisor

Transaction Manager

Due Diligence Specialist

Real Estate Portfolio Manager

Facilities Manager

Asset Manager

Real Estate Broker

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