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Contract For Ownership
"I need a Contract For Ownership for purchasing a commercial warehouse in Basel, Switzerland, with completion planned for March 2025; the agreement needs to include special provisions for existing tenant rights and environmental compliance due to current industrial use."
1. Parties: Identification of the transferor (current owner) and transferee (new owner), including full legal names, addresses, and if applicable, company registration details
2. Background: Context of the ownership transfer, including brief history of the property and purpose of the transfer
3. Definitions: Definitions of key terms used throughout the contract, including Property, Completion Date, Purchase Price, etc.
4. Property Description: Detailed description of the property being transferred, including registration details, boundaries, and included fixtures/fittings
5. Purchase Price: Specification of the purchase price, payment terms, and payment schedule
6. Transfer of Ownership: Terms and conditions of the ownership transfer, including timing and registration requirements
7. Representations and Warranties: Declarations by both parties regarding their capacity to enter into the contract and statements about the property's condition
8. Due Diligence: Requirements for property inspection, document verification, and compliance checks
9. Completion Requirements: Steps to be taken for completion of the transfer, including documentation and registration
10. Costs and Taxes: Allocation of transfer costs, taxes, and registration fees between parties
11. Governing Law and Jurisdiction: Specification of Swiss law as governing law and jurisdiction for disputes
12. Notices: Process and requirements for formal communications between parties
13. Execution: Signature requirements and execution formalities
1. Mortgage and Financing: Include when the purchase involves mortgage financing or special payment arrangements
2. Special Use Rights: Include when there are easements, rights of way, or other special rights attached to the property
3. Environmental Provisions: Include for properties with potential environmental concerns or requirements
4. Tenant Rights: Include when the property is subject to existing tenancy agreements
5. Foreign Ownership Compliance: Include when the transferee is a foreign national or entity (Lex Koller compliance)
6. Construction and Development: Include when the property includes ongoing or planned construction works
7. Co-ownership Rules: Include when the property will be owned by multiple parties
8. Pre-emption Rights: Include when there are rights of first refusal or other pre-emptive rights
1. Property Details: Detailed technical description of the property, including plans, measurements, and registration details
2. Land Register Extract: Current extract from the Swiss Land Register (Grundbuch)
3. Property Documentation: List of all property-related documents, certificates, and permits
4. Inventory: List of included fixtures, fittings, and other items included in the transfer
5. Payment Schedule: Detailed breakdown of payment terms and installments if applicable
6. Due Diligence Reports: Technical, legal, and environmental assessment reports
7. Existing Contracts: Copies of relevant existing contracts affecting the property
8. Property Photos: Current photographs documenting the property's condition
Authors
Property
Land Register
Transferor
Transferee
Completion Date
Purchase Price
Deposit
Transfer Date
Encumbrances
Land Registry Extract
Notarial Deed
Completion Requirements
Due Diligence Period
Business Day
Cantonal Authority
Permitted Use
Registration Fee
Transfer Tax
Title Documents
Property Rights
Easements
Mortgage
Grundbuch
Force Majeure
Material Adverse Change
Warranties
Environmental Laws
Planning Permissions
Building Regulations
Existing Tenancies
Property Tax
Stamp Duty
Notices
Governing Law
Confidential Information
Associated Rights
Completion Documents
Default Event
Insurance Coverage
Liability Period
Payment Terms
Property Charges
Registration Requirements
Swiss Law Requirements
Purchase Price
Payment Terms
Transfer of Ownership
Land Registration
Representations and Warranties
Due Diligence
Conditions Precedent
Completion Requirements
Title Transfer
Encumbrances
Property Rights
Environmental Compliance
Tax Obligations
Insurance
Risk Transfer
Default and Remedies
Force Majeure
Notices
Confidentiality
Assignment
Amendment
Severability
Entire Agreement
Dispute Resolution
Governing Law
Foreign Ownership Compliance
Property Access
Handover Requirements
Municipal Compliance
Planning and Zoning
Property Charges
Existing Contracts
Third Party Rights
Indemnification
Termination
Real Estate
Manufacturing
Financial Services
Agriculture
Hospitality
Retail
Industrial
Commercial Property
Residential Property
Asset Management
Construction
Infrastructure
Energy
Technology
Legal
Real Estate
Compliance
Finance
Operations
Risk Management
Asset Management
Investment
Property Management
Corporate Secretariat
Due Diligence
Facilities Management
Treasury
Business Development
Legal Counsel
Property Manager
Real Estate Director
Compliance Officer
Finance Director
Asset Manager
Investment Manager
Corporate Secretary
Risk Manager
Operations Director
Facilities Manager
Chief Financial Officer
Chief Legal Officer
Real Estate Investment Manager
Portfolio Manager
Transaction Manager
Due Diligence Specialist
Property Acquisition Manager
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