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As Is Home Purchase Agreement
"I need an As Is Home Purchase Agreement for a 19th-century listed building in Bavaria, with specific clauses addressing historical preservation requirements and limited renovation permissions, planned for completion by March 2025."
1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and marital status if relevant
2. Background: Context of the sale and confirmation that buyer has inspected the property
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including land registry details, exact address, and size
5. Purchase Price and Payment Terms: Amount, payment schedule, and method of payment
6. As Is Condition and Disclaimer: Express acknowledgment of property's current condition and waiver of future claims
7. Property Handover: Timing and process for transferring possession
8. Transfer of Title: Process and conditions for legal transfer of ownership
9. Costs and Taxes: Distribution of transaction costs, including transfer tax and notary fees
10. Representations and Warranties: Limited warranties given the 'as is' nature, focusing on legal ownership and encumbrances
11. Pre-existing Rights and Encumbrances: Disclosure of any existing mortgages, easements, or other encumbrances
12. Notarization and Registration: Requirements for notarization and land registry registration
13. Governing Law: Confirmation of German law application and jurisdiction
14. Execution: Signature requirements and date
1. Mortgage Arrangements: Include when buyer is financing the purchase through a mortgage
2. Fixtures and Fittings: Include when specific items are being included or excluded from the sale
3. Environmental Matters: Include when there are known environmental issues or concerns
4. Building Permits and Compliance: Include when there are ongoing building works or compliance issues
5. Condominium Provisions: Include when property is part of a condominium complex
6. Tenant Rights: Include when property is currently leased
7. Development Rights: Include when there are specific building or development restrictions
8. Right of First Refusal: Include when there are pre-existing rights of first refusal
1. Land Registry Extract: Current extract from the Grundbuch showing ownership and encumbrances
2. Property Floor Plans: Official floor plans and property measurements
3. Energy Performance Certificate: Mandatory energy efficiency documentation
4. Property Inspection Report: Documentation of current condition and known defects
5. List of Included Fixtures: Detailed inventory of items included in the sale
6. Building Permits: Copies of relevant building permits and certificates
7. Property Tax Assessment: Current property tax assessment documentation
8. Site Plan: Official site plan showing property boundaries and easements
Authors
Real Estate
Legal Services
Banking and Finance
Construction
Property Development
Insurance
Property Management
Professional Services
Public Administration
Legal
Real Estate
Compliance
Risk Management
Property Management
Acquisitions
Due Diligence
Finance
Business Development
Operations
Real Estate Agent
Property Lawyer
Notary
Property Developer
Mortgage Advisor
Real Estate Investment Manager
Property Surveyor
Legal Counsel
Compliance Officer
Real Estate Portfolio Manager
Property Inspector
Real Estate Transaction Manager
Risk Assessment Officer
Real Estate Broker
Title Insurance Officer
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