Document background
The Real Estate Pre Sale Agreement is a crucial document in German property transactions, used when parties wish to commit to a future property sale while certain conditions or requirements are still pending. This document, governed by German law and requiring notarization, serves as a binding commitment between the seller and purchaser before the execution of the final sale agreement (Kaufvertrag). It typically includes detailed property specifications, purchase price arrangements, completion timelines, and any conditions that must be fulfilled before the final sale can proceed. The agreement is particularly useful in new development projects, off-plan purchases, or situations where either party needs to secure certain arrangements (such as financing or permits) before proceeding with the final sale.
