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Land For Sale By Owner Contract
"I need a Land For Sale By Owner Contract for a 2,500 square meter industrial plot in Munich, Germany, with specific provisions for existing environmental permits and hazardous material handling requirements, planning to close by March 2025."
1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and marital status (relevant for German property law)
2. Background: Context of the sale and brief description of the property being sold
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed description of the land including exact measurements, land registry details (Grundbuch), and cadastral information (Kataster)
5. Purchase Price: Agreed purchase price, payment terms, and escrow arrangements
6. Due Diligence Period: Timeline and conditions for buyer's investigation of the property
7. Representations and Warranties: Seller's declarations regarding property condition, encumbrances, and legal status
8. Closing Conditions: Requirements to be met before completion, including notarization requirements
9. Transfer of Ownership: Process and conditions for Auflassung (conveyance) and registration in the land registry
10. Costs and Taxes: Allocation of transaction costs, including notary fees, transfer taxes, and registration fees
11. Possession and Risk: Date of transfer of possession and assumption of risk
12. Governing Law: Confirmation of German law application and jurisdiction
13. Execution: Signature requirements and notarization provisions
1. Existing Encumbrances: Details of any existing mortgages, easements, or other encumbrances, used when the property is not free from third-party rights
2. Environmental Conditions: Specific provisions regarding known environmental issues or contamination, required when environmental concerns exist
3. Building Permits: Information about existing or pending building permits, relevant for undeveloped land or properties with planned construction
4. Tenant Rights: Details of existing tenancies and their treatment, needed when the property is currently leased
5. Mineral Rights: Provisions regarding mineral or subsurface rights, relevant in areas with mining history or potential
6. Agricultural Provisions: Special conditions for agricultural land, required when selling farmland
7. Monument Protection: Special provisions for historically protected properties, required for listed buildings or protected sites
1. Property Plan: Official cadastral plan showing property boundaries and dimensions
2. Land Registry Extract: Current Grundbuch extract showing ownership and encumbrances
3. Property Photographs: Current photographs documenting the property's condition
4. Soil Assessment Report: Technical report on soil conditions and potential contamination
5. Building Documentation: Plans, permits, and certificates for any existing structures
6. Energy Certificate: Current energy performance certificate if buildings are included
7. Property Tax Assessment: Recent property tax assessment and payment status
8. Utility Connections: Documentation of available utility connections and capacity
Authors
Real Estate
Agriculture
Construction
Commercial Property Development
Residential Property Development
Industrial Manufacturing
Retail
Hospitality
Energy
Environmental Services
Legal Services
Banking and Finance
Legal
Real Estate
Facilities Management
Corporate Development
Finance
Tax
Compliance
Property Management
Business Development
Investment
Environmental
Property Owner
Real Estate Developer
Corporate Real Estate Manager
Facility Manager
Legal Counsel
Property Lawyer
Notary
Land Registry Officer
Environmental Compliance Officer
Construction Manager
Property Surveyor
Business Development Manager
Investment Manager
Finance Director
Tax Advisor
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