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Sale Deed
"I need a Sale Deed for a commercial property in Munich with existing tenants, where completion is scheduled for March 2025; the deed must include specific provisions for maintaining current lease agreements and tenant rights."
1. Parties (Parteien): Identification of seller and buyer with full legal names, addresses, and registration details if companies
2. Property Description (Grundstücksbeschreibung): Detailed description of the property including land registry details, cadastral references, exact address and measurements
3. Purchase Price (Kaufpreis): Specification of the purchase price, payment terms, and payment schedule
4. Transfer of Ownership (Eigentumsübergang): Conditions and process for transferring property ownership, including land registry requirements
5. Warranties and Representations (Gewährleistungen): Seller's warranties regarding property condition, encumbrances, and legal status
6. Possession and Risk Transfer (Besitz- und Gefahrübergang): Terms for transferring possession and associated risks to the buyer
7. Costs and Taxes (Kosten und Steuern): Allocation of transaction costs, including notary fees, registration costs, and transfer taxes
8. Powers of Attorney (Vollmachten): Authorization for legal representatives to complete registration and transfer processes
1. Mortgage Arrangements (Grundpfandrechte): Required when the purchase is financed through a mortgage, detailing the financing arrangements
2. Tenant Rights (Mietrechte): Needed when the property is sold with existing tenants, describing their rights and ongoing lease agreements
3. Building Permits (Baugenehmigungen): Required for properties under construction or requiring renovation, detailing relevant permits and requirements
4. Environmental Provisions (Umweltbestimmungen): Needed when there are environmental considerations or contamination issues
5. Pre-emption Rights (Vorkaufsrechte): Required when there are existing pre-emption rights that need to be addressed
6. Special Use Rights (Sondernutzungsrechte): Needed for properties with special use rights or restrictions, such as parking spaces or garden usage
1. Land Registry Extract (Grundbuchauszug): Current extract from the land registry showing ownership and encumbrances
2. Property Plans (Grundstückspläne): Official plans and drawings of the property and buildings
3. Energy Certificate (Energieausweis): Mandatory energy performance certificate for the building
4. Property Inventory (Inventarliste): List of fixtures and fittings included in the sale
5. Building Permits (Baugenehmigungen): Copies of relevant building permits and certificates
6. Property Tax Assessment (Grundsteuer-Bescheid): Current property tax assessment documentation
Authors
Real Estate
Construction
Banking and Finance
Legal Services
Property Development
Commercial Property
Residential Property
Agriculture (for land sales)
Industrial Property
Hospitality
Legal
Real Estate
Property Management
Acquisitions
Investment
Compliance
Due Diligence
Asset Management
Property Development
Documentation
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Notary Public
Property Developer
Investment Manager
Asset Manager
Compliance Officer
Real Estate Transaction Manager
Due Diligence Specialist
Property Acquisition Manager
Real Estate Portfolio Manager
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