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The Deed For Sale Of Property is a crucial legal document used in German real estate transactions to formally transfer property ownership. It is required whenever real estate is bought or sold in Germany, whether for residential, commercial, or industrial purposes. The document must be notarized to be legally valid and requires careful preparation to ensure compliance with German property law, particularly the German Civil Code (BGB) and land registry regulations. It includes comprehensive details about the property, parties involved, purchase price, payment terms, warranties, and specific German legal requirements such as the Auflassung (conveyance declaration). The deed serves as the foundation for property registration in the German land registry (Grundbuch) and typically involves various professional stakeholders including notaries, legal advisors, and financial institutions.

1. Parties: Identification of seller and purchaser with full legal names, addresses, and registration details if companies

2. Background: Brief context of the sale and confirmation that the seller is the registered owner of the property

3. Definitions: Key terms used throughout the deed, including 'Property', 'Completion Date', 'Purchase Price'

4. Property Description: Detailed description of the property including land registry details (Grundbuch), parcel numbers, and exact address

5. Purchase Price: Statement of the purchase price, payment terms, and escrow arrangements

6. Payment Terms: Detailed payment schedule, method of payment, and any conditions for release of funds

7. Property Transfer: Terms for the transfer of ownership (Auflassung) and registration in the land registry

8. Possession and Risk: Date of handover, transfer of possession, and risk allocation

9. Seller's Warranties: Warranties regarding property ownership, encumbrances, and condition

10. Property Condition: Statement of property condition and any known defects

11. Costs and Taxes: Allocation of transfer costs, taxes, and notary fees

12. Registration Authorizations: Authorizations for land registry registration and associated actions

13. Execution: Formal execution section meeting notarial requirements