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The House Agreement is a fundamental legal document used in Austrian real estate transactions to formalize the transfer or lease of residential property. This document is essential when parties wish to establish a legally binding arrangement for property dealings in Austria, whether for purchase, sale, or lease purposes. It must comply with Austrian federal legislation, including the ABGB, MRG, and GBG, and includes mandatory provisions for property description, financial arrangements, and party obligations. The agreement serves multiple purposes: it protects the interests of all parties involved, ensures legal compliance, provides clear documentation for property registration, and establishes a framework for resolving potential disputes. The document is particularly important in the Austrian context due to specific local property laws and registration requirements.

1. Parties: Identification of buyer/seller or landlord/tenant with full legal names and addresses

2. Background: Context of the agreement and description of the property

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the property including address, land register details, and physical characteristics

5. Purchase Price/Rent: Financial terms including payment schedule, deposit requirements, and payment methods

6. Transfer of Ownership: Terms and conditions for legal transfer of property ownership

7. Representations and Warranties: Statements of fact by both parties about the property and their capacity to enter into the agreement

8. Responsibilities and Obligations: Ongoing duties of each party regarding property maintenance, repairs, and usage

9. Insurance and Liability: Requirements for property insurance and allocation of risks

10. Term and Termination: Duration of agreement and conditions for early termination

11. Governing Law: Confirmation of Austrian law application and jurisdiction

12. Signatures: Execution block for all parties