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Sale And Purchase Deed

Sale And Purchase Deed Template for Switzerland

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Key Requirements PROMPT example:

Sale And Purchase Deed

"I need a Sale and Purchase Deed for acquiring a commercial property in Zurich's financial district, with completion planned for March 2025; the property has existing tenants and we need to ensure their leases are properly addressed in the document."

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Document background
The Sale and Purchase Deed is a crucial legal instrument in Swiss property transactions, used whenever real estate ownership is transferred between parties. This formal document must be executed before a notary public and requires registration in the Swiss Land Registry (Grundbuch) to be legally effective. It is essential for both residential and commercial property transactions and must comply with federal legislation (including the Swiss Civil Code and Code of Obligations) as well as cantonal requirements. The deed includes comprehensive details about the property, parties, price, payment terms, warranties, and specific conditions of sale. Special considerations may apply for foreign buyers under Lex Koller, agricultural land transactions, or properties with existing tenancies or encumbrances.
Suggested Sections

1. Parties: Detailed identification of the seller(s) and buyer(s), including full legal names, dates of birth, nationalities, and registered addresses

2. Background: Context of the sale and brief description of the property being transferred

3. Definitions: Key terms used throughout the deed, including property-specific terminology

4. Property Description: Detailed legal description of the property, including land registry details, plot numbers, and exact measurements

5. Purchase Price: Specified purchase price, payment terms, and payment schedule

6. Transfer of Ownership: Terms and conditions for the transfer of title and possession

7. Warranties and Representations: Seller's warranties regarding property ownership, encumbrances, and condition

8. Costs and Taxes: Allocation of transfer taxes, notary fees, and registration costs

9. Registration: Provisions for land registry registration and required procedures

10. Applicable Law and Jurisdiction: Confirmation of Swiss law application and competent courts

11. Execution: Formal execution requirements including notarization provisions

Optional Sections

1. Mortgage Arrangements: Used when existing mortgages need to be discharged or new mortgages arranged

2. Special Usage Rights: Required when there are easements, rights of way, or other special usage rights to be transferred

3. Foreign Ownership Compliance: Needed when buyer is a foreign national, addressing Lex Koller requirements

4. Condition Precedents: Include when sale is subject to specific conditions being met before completion

5. Environmental Provisions: Required when property has known environmental issues or contamination

6. Tenant Provisions: Needed when property is sold with existing tenants and leases

7. Agricultural Land Provisions: Required for properties falling under the Federal Act on Rural Land Rights

Suggested Schedules

1. Property Details: Detailed technical description, including floor plans, boundaries, and measurements

2. Land Registry Extract: Current extract from the land registry showing ownership and encumbrances

3. Property Insurance: Details of existing insurance policies and coverage

4. Building Permits: Copies of relevant building permits and certificates

5. Property Inspection Report: Technical inspection findings and property condition assessment

6. Inventory: List of fixtures, fittings, and other items included in the sale

7. Existing Contracts: Copies of relevant service contracts, warranties, or maintenance agreements

Authors

Alex Denne

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

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Banking and Finance

Construction

Agriculture

Hospitality

Retail

Commercial Property

Residential Property

Industrial Property

Legal Services

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Asset Management

Investment

Risk Management

Corporate Affairs

Finance

Operations

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Notary Public

Legal Counsel

Compliance Officer

Corporate Lawyer

Real Estate Development Manager

Property Acquisitions Manager

Asset Manager

Investment Manager

Real Estate Portfolio Manager

Risk Manager

Transaction Manager

Company Secretary

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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