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The Agreement To Sell Immovable Property is a crucial legal document used in German real estate transactions for transferring ownership of land, buildings, or other immovable property. It is essential for both private and commercial property transactions and must comply with strict German legal requirements, including mandatory notarization. This document is used when parties have agreed on the fundamental terms of a property sale and need to formalize the transaction in accordance with German law. It includes comprehensive details about the property, parties involved, purchase price, payment terms, warranties, and conditions for transfer of ownership. The agreement serves as the basis for the subsequent registration in the German land registry (Grundbuch) and must address all relevant legal, financial, and practical aspects of the property transfer.

1. Parties (Vertragsparteien): Identification of seller and purchaser with full legal names, addresses, and registration details if companies

2. Background (Vorbemerkung): Context of the sale and brief description of the property and transaction

3. Definitions (Definitionen): Key terms used throughout the agreement

4. Property Description (Grundstücksbeschreibung): Detailed description of the property including land registry details, exact location, and size

5. Purchase Price (Kaufpreis): Agreement on purchase price, payment terms, and escrow arrangements

6. Transfer of Ownership (Eigentumsübergang): Conditions and process for transferring property ownership

7. Representations and Warranties (Garantien und Zusicherungen): Seller's warranties about property condition, encumbrances, and legal status

8. Property Handover (Ãœbergabe): Timing and conditions for physical possession transfer

9. Costs and Taxes (Kosten und Steuern): Allocation of transaction costs, taxes, and fees

10. Land Registry Matters (Grundbuchangelegenheiten): Requirements and processes for land registry registration

11. Notices (Mitteilungen): Communication procedures between parties

12. Governing Law (Geltendes Recht): Confirmation of German law application and jurisdiction

13. Severability (Salvatorische Klausel): Standard clause on partial invalidity