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Transfer Of Ownership Agreement Property
"I need a Transfer of Ownership Agreement Property for a commercial warehouse in Munich, with completion scheduled for March 2025, including provisions for the transfer of existing building permits and environmental certificates."
1. Parties: Detailed identification of the transferor and transferee, including full legal names, addresses, and registration details if companies
2. Background: Context of the transfer, including current ownership status and reason for transfer
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including land registry details, cadastral information, and exact boundaries
5. Transfer Declaration: Explicit declaration of transfer of ownership and rights (Auflassung)
6. Purchase Price: Statement of the purchase price, payment terms, and payment schedule
7. Transfer of Possession: Terms regarding the physical handover of the property (µþ±ð²õ¾±³Ù³úü²ú±ð°ù²µ²¹²Ô²µ)
8. Warranties and Representations: Seller's warranties regarding property condition, encumbrances, and legal status
9. Costs and Taxes: Allocation of transfer costs, taxes, and notary fees
10. Land Registry: Provisions regarding registration in the land registry (Grundbuch)
11. Notices: Communication requirements and contact details for formal notices
12. Governing Law: Confirmation of German law application and jurisdiction
13. Execution: Signature requirements and notarization provisions
1. Mortgage Arrangements: Required if existing mortgages need to be discharged or new mortgages are being registered
2. Tenant Provisions: Required if the property has existing tenants and arrangements for their continued occupancy
3. Development Obligations: Required if there are ongoing or future development requirements or restrictions
4. Environmental Provisions: Required if there are environmental issues or obligations associated with the property
5. Pre-emption Rights: Required if there are any pre-emption rights (Vorkaufsrechte) that need to be addressed
6. Utilities and Connections: Required if specific arrangements for utility transfers or connections need to be made
7. Defects and Remediation: Required if known defects exist and remediation arrangements need to be documented
1. Property Details: Detailed technical description of the property, including plans and measurements
2. Land Registry Extract: Current extract from the land registry (Grundbuchauszug)
3. Cadastral Documents: Cadastral maps and documentation
4. Inventory List: List of included fixtures, fittings, and other items if applicable
5. Energy Certificate: Energy performance certificate (Energieausweis)
6. Building Permits: Copies of relevant building permits and certificates
7. Encumbrance Documentation: Details of any existing encumbrances, easements, or restrictions
8. Payment Schedule: Detailed schedule of payment arrangements if payment is in installments
Authors
Real Estate
Construction
Banking and Finance
Legal Services
Property Development
Hospitality
Retail
Industrial
Agriculture
Public Sector
Healthcare
Education
Legal
Real Estate
Compliance
Property Management
Asset Management
Facilities Management
Investment
Operations
Risk Management
Due Diligence
Corporate Real Estate
Transactions
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Real Estate Developer
Asset Manager
Facilities Manager
Investment Manager
Property Surveyor
Real Estate Investment Director
Chief Legal Officer
Real Estate Portfolio Manager
Transaction Manager
Due Diligence Specialist
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