Contract To Sell Condominium

Contract To Sell Condominium Template for Switzerland

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Key Requirements PROMPT example:

"I need a Contract To Sell Condominium for a luxury unit in Zurich, with completion scheduled for March 2025, including provisions for a 15% deposit and staged payments."

Document background

The Contract to Sell Condominium is a fundamental document used in Swiss real estate transactions for transferring condominium ownership. It must comply with Swiss federal and cantonal laws, particularly regarding property transfer (Grundbuch) requirements and condominium regulations (Stockwerkeigentum). This contract type is essential when selling individual units within a multi-unit property structure, addressing both exclusive ownership rights to the specific unit and shared rights in common areas. The document includes crucial details about property description, purchase price, payment terms, warranties, and condominium association rules. Given Switzerland's strict requirements for real estate transactions, the contract must be notarized and meet specific formal requirements under the Swiss Civil Code and Code of Obligations.

Suggested Sections

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

2. Background: Brief context of the transaction and property history

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the condominium unit, including land registry details, floor area, and share in common property

5. Purchase Price: Specified purchase price and payment terms, including deposit arrangements

6. Payment Terms: Detailed structure of payments, including installments if applicable

7. Transfer of Ownership: Process and conditions for transferring property title

8. Representations and Warranties: Seller's declarations regarding property condition, encumbrances, and legal status

9. Condominium Association: Recognition of and agreement to be bound by condominium association rules

10. Common Property Rights: Specification of rights and obligations regarding common areas

11. Costs and Taxes: Allocation of transaction costs, taxes, and fees

12. Handover: Conditions and process for physical handover of the property

13. Default and Remedies: Consequences of breach by either party

14. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction

15. Execution: Signature requirements and notarization provisions

Optional Sections

1. Mortgage Arrangements: Include when buyer is obtaining mortgage financing, detailing coordination with lender

2. Renovation Agreement: Include when specific renovations are agreed to be completed before or after sale

3. Foreign Buyer Provisions: Include when buyer is foreign, addressing Lex Koller requirements

4. Existing Tenancies: Include when property is subject to existing rental agreements

5. Condition Precedents: Include when sale is subject to specific conditions being met

6. Parking/Storage Units: Include when additional units are part of the sale

7. Pre-emptive Rights: Include when other condominium owners have pre-emptive rights that need addressing

8. Defects Liability: Include for new constructions or recently renovated properties

Suggested Schedules

1. Property Floor Plan: Detailed plan showing exact boundaries of the unit and common areas

2. Land Registry Extract: Current extract from the land registry (Grundbuch)

3. Condominium Association Rules: Current version of association bylaws and house rules

4. Maintenance Cost Schedule: Details of current maintenance costs and owner contributions

5. Property Condition Report: Current condition assessment and any known defects

6. Building Insurance Certificates: Copies of current building insurance policies

7. Energy Performance Certificate: Current energy efficiency rating and certificate

8. Payment Schedule: Detailed schedule of payment installments if applicable

9. Inventory List: List of any fixtures and fittings included in the sale

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Legal Services

Banking & Finance

Insurance

Property Development

Construction

Property Management

Professional Services

Public Administration

Relevant Teams

Legal

Real Estate

Compliance

Risk Management

Property Management

Sales

Investment

Operations

Contract Administration

Documentation

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Notary Public

Legal Counsel

Compliance Officer

Property Developer

Real Estate Investment Manager

Banking Relationship Manager

Real Estate Transaction Manager

Contract Administrator

Property Surveyor

Real Estate Portfolio Manager

Risk Manager

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