An Authorization Letter For Selling Property is a crucial legal instrument in Austrian property transactions when a property owner cannot personally handle the sale process. This document, governed by the Austrian Civil Code (ABGB) and property laws, enables property owners to delegate their rights and responsibilities in a property sale to a trusted representative. The authorization must be specific enough to clearly outline the agent's powers while complying with Austrian legal requirements, including mandatory notarization. It's particularly useful for overseas property owners, busy professionals, or those unable to handle property transactions in person. The document typically includes detailed property information, specific powers granted, and any limitations on the agent's authority.
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1. Date and Place: Current date and place of execution of the authorization letter
2. Principal Details: Full legal name, address, and identification details of the property owner granting the authorization
3. Agent Details: Full legal name, address, and identification details of the person being authorized to sell the property
4. Property Description: Detailed description of the property including address, land register details, and property identifier numbers
5. Scope of Authority: Specific powers being granted regarding the property sale, including ability to negotiate price, sign documents, receive funds, etc.
6. Legal Declarations: Statements confirming the principal's legal capacity and voluntary nature of the authorization
7. Signature Block: Space for principal's signature, witness signatures, and notary authentication
1. Duration of Authority: Include when the authorization is time-limited rather than indefinite
2. Price Limitations: Include when the principal wants to set minimum sale price or specific pricing conditions
3. Substitute Agent Clause: Include when the agent should have power to delegate authority to another person
4. Revocation Terms: Include when specific conditions for revocation need to be stated
5. Special Instructions: Include when there are specific conditions or requirements for the sale process
1. Property Documents: Copy of current land register extract (Grundbuchauszug) and property ownership documents
2. Identity Documents: Copies of principal's and agent's identification documents
3. Property Plans: Current property plans or surveys if relevant to the sale
4. Translation Certificate: Certified translation if the power of attorney needs to be used in non-German speaking jurisdictions
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Legal Services
Property Development
Banking & Finance
Construction
Property Management
Notarial Services
Relevant Teams
Legal
Real Estate
Property Management
Corporate Services
Administrative Support
Document Management
Compliance
Customer Relations
Relevant Roles
Real Estate Lawyer
Property Manager
Legal Counsel
Notary Public
Real Estate Agent
Property Administrator
Conveyancer
Legal Administrator
Estate Agent
Property Developer
Corporate Lawyer
Legal Assistant
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