Document background
The Flat Sale Deed is a crucial legal document used in Swiss real estate transactions to formalize and execute the transfer of apartment ownership. This document type is mandatory for all flat sales in Switzerland and must be notarized to be legally valid. It incorporates essential elements required by Swiss federal and cantonal laws, including precise property descriptions, ownership details, and financial terms. The deed serves multiple purposes: it acts as proof of ownership transfer, provides legal protection for both parties, enables land registry registration, and ensures compliance with Swiss property laws. When drafting a Flat Sale Deed, special attention must be paid to cantonal requirements, as these can vary across Switzerland's different regions. The document must also account for specific circumstances such as foreign ownership restrictions (Lex Koller), mortgage arrangements, and co-ownership provisions in multi-unit buildings.
