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The For Sale By Owner Purchase Agreement is specifically designed for use in Austrian property transactions where the seller chooses to sell their property directly to a buyer without the involvement of a real estate agent. This document is essential in the Austrian real estate market where private sales are common and must comply with strict legal requirements under the ABGB (Austrian Civil Code) and related property laws. It includes all necessary provisions for a valid property transfer, including detailed property description, price and payment terms, representations and warranties, and closing requirements. The agreement is particularly relevant in today's market where digital platforms and direct sales are becoming increasingly popular, though it requires careful attention to legal compliance and often benefits from professional legal review to ensure all Austrian property transfer requirements are met.

1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and any relevant registration numbers

2. Background: Brief context of the transaction and confirmation that the seller owns the property and wishes to sell to the buyer

3. Definitions: Key terms used throughout the agreement, including Property, Purchase Price, Closing Date, etc.

4. Property Description: Detailed description of the property including address, land register details (Grundbuch), property identification number, and exact measurements

5. Purchase Price: Statement of the agreed purchase price, payment terms, and payment schedule

6. Deposit: Details of the deposit amount, when it must be paid, and how it will be held

7. Closing and Transfer of Ownership: Specifics about the closing date, process for transfer of ownership, and registration in the land register

8. Seller's Representations and Warranties: Declarations regarding property condition, ownership, encumbrances, and other material facts

9. Buyer's Representations and Warranties: Declarations regarding financial capacity and understanding of purchase terms

10. Property Condition: Statement about the condition in which the property will be transferred and any included/excluded items

11. Costs and Taxes: Allocation of transaction costs, transfer taxes, and registration fees between parties

12. Default and Remedies: Consequences of breach by either party and available remedies

13. Notices: How formal communications between parties should be made and delivered

14. Governing Law: Confirmation that Austrian law governs the agreement and jurisdiction details

15. Execution: Signature blocks and notarization requirements