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Tax Lien Certificate Sale
"I need a Tax Lien Certificate Sale agreement for a single residential property in Zurich Canton, with the certificate being sold to a Swiss bank, including standard redemption terms and completion scheduled for March 2025."
1. Parties: Identification of the selling authority (typically cantonal/municipal tax authority) and the purchaser of the tax lien certificate
2. Background: Context of the tax lien, including property owner's default and legal basis for the certificate issuance
3. Definitions: Key terms used throughout the agreement, including technical tax and legal terminology
4. Subject Matter of Sale: Detailed description of the tax lien certificate being sold, including certificate number and issue date
5. Purchase Price: Amount to be paid for the tax lien certificate, including any premiums or fees
6. Property Details: Legal description of the property against which the tax lien is filed
7. Tax Amount and Period: Details of the underlying tax debt, including tax period and original amount
8. Transfer of Rights: Terms of transfer of the tax lien certificate and associated rights
9. Representations and Warranties: Statements of fact and guarantees from both parties
10. Payment Terms: Terms and method of payment for the certificate
11. Completion Requirements: Steps required to complete the transfer of the certificate
12. Governing Law and Jurisdiction: Specification of Swiss law application and jurisdictional details
1. Multiple Property Provisions: Required when the tax lien certificate covers multiple properties
2. Foreign Buyer Provisions: Additional requirements for non-Swiss purchasers
3. Intermediary Provisions: Required when a broker or intermediary is involved in the transaction
4. Language Provisions: Required for official translations when multiple language versions are needed
5. Assignment Rights: Terms for future transfer or assignment of the certificate
6. Special Cantonal Requirements: Additional provisions required by specific cantons
7. Redemption Procedures: Detailed procedures if early redemption is permitted
8. Electronic Recording Provisions: Required when electronic recording systems are used
1. Schedule A - Property Documentation: Detailed property description, including land registry excerpts and maps
2. Schedule B - Tax Assessment Details: Breakdown of tax assessment and calculations
3. Schedule C - Certificate Details: Copy or image of the original tax lien certificate
4. Schedule D - Payment Schedule: If applicable, schedule of installment payments or payment terms
5. Appendix 1 - Due Diligence Documents: Property valuation reports and tax assessment history
6. Appendix 2 - Compliance Certificates: Relevant tax authority compliance certificates
7. Appendix 3 - Authorization Documents: Official authorizations for the sale of the tax lien certificate
8. Appendix 4 - Transfer Forms: Official forms required for recording the transfer
Authors
Real Estate
Public Administration
Financial Services
Tax Services
Legal Services
Investment Management
Banking
Property Management
Public Finance
Municipal Services
Legal
Tax Administration
Real Estate
Finance
Compliance
Risk Management
Investment
Property Management
Public Administration
Treasury
Tax Administrator
Real Estate Manager
Investment Manager
Legal Counsel
Property Manager
Financial Controller
Tax Collector
Municipal Treasurer
Compliance Officer
Risk Manager
Investment Analyst
Public Finance Director
Asset Manager
Tax Attorney
Real Estate Investment Officer
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