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Sale Certificate Of Immovable Property
"I need a Sale Certificate of Immovable Property for transferring my residential property in Munich to a private buyer, with completion scheduled for March 15, 2025, including specific provisions for the existing solar panel installation and charging station."
1. Parties: Identification and details of the seller(s) and buyer(s), including full legal names, addresses, and marital status where relevant
2. Background: Context of the sale and confirmation that the seller is the registered owner of the property
3. Definitions: Key terms used throughout the certificate, including legal German terms and their meanings
4. Property Description: Detailed description of the property including land register details (Grundbuch), plot number (Flurstück), address, and size
5. Purchase Price: Specified purchase price, payment terms, and escrow arrangements
6. Land Register Status: Current entries in the land register, including encumbrances, easements, and mortgages
7. Transfer of Ownership: Terms and conditions for the transfer of ownership and possession (Eigentumsübergang und Besitzübergang)
8. Warranties and Representations: Seller's warranties regarding property condition, encumbrances, and legal status
9. Costs and Taxes: Distribution of transaction costs and tax obligations between parties
10. Registration Authorization: Authorization for land register changes and power of attorney provisions
11. Execution: Formal execution clause meeting notarization requirements
1. Mortgage Arrangements: Required when existing mortgages need to be discharged or new mortgages are being registered
2. Rental Situations: Required when the property is subject to existing rental agreements
3. Building Permits: Required when there are ongoing or pending building permits or construction works
4. Pre-emptive Rights: Required when there are existing pre-emptive rights (Vorkaufsrechte) that need to be addressed
5. Special Use Rights: Required when there are special use rights or restrictions that need to be transferred
6. Development Obligations: Required when the property is subject to development obligations or restrictions
7. Contamination Provisions: Required when there are known or suspected contamination issues
1. Land Register Extract: Current official extract from the land register (Grundbuchauszug)
2. Cadastral Map: Official cadastral map and property boundaries (Flurkarte)
3. Energy Certificate: Energy performance certificate (Energieausweis) as required by law
4. Property Plans: Floor plans, building plans, and site plans
5. Property Inventory: List of fixtures and fittings included in the sale
6. Due Diligence Reports: Technical and legal due diligence reports if applicable
7. Building Permits: Copies of relevant building permits and certificates
8. Declaration of Charges: Detailed list of all charges and encumbrances affecting the property
Authors
Real Estate
Banking & Finance
Legal Services
Construction
Property Development
Public Sector
Insurance
Urban Planning
Environmental Services
Professional Services
Legal
Real Estate
Compliance
Finance
Tax
Property Management
Asset Management
Facilities Management
Risk Management
Corporate Services
Real Estate Lawyer
Property Manager
Real Estate Agent
Notary
Property Developer
Commercial Director
Legal Counsel
Real Estate Investment Manager
Compliance Officer
Property Surveyor
Real Estate Portfolio Manager
Tax Advisor
Facilities Manager
Asset Manager
Transaction Manager
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