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Deed Of Assignment For Property

Deed Of Assignment For Property Template for Switzerland

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Key Requirements PROMPT example:

Deed Of Assignment For Property

"I need a Deed of Assignment for Property for transferring a commercial warehouse in Zurich from my company to a Swiss buyer, with completion scheduled for March 15, 2025, including provisions for existing tenant agreements and service contracts."

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Document background
The Deed of Assignment for Property is a crucial legal instrument in Swiss property transactions, used when transferring ownership rights of real estate from one party to another. This document type is governed by the Swiss Civil Code (ZGB/CC) and must comply with federal and cantonal requirements. It is essential for various property transactions, including sales, corporate restructuring, family transfers, or estate planning. The deed must contain specific elements required by Swiss law, including precise property identification, consideration details, and parties' information. The document requires notarization and subsequent registration in the Swiss land registry (Grundbuch) to effect the legal transfer of ownership. Given Switzerland's strict property transfer regulations, particularly regarding foreign ownership (Lex Koller), the deed must incorporate all relevant compliance elements and satisfy cantonal formal requirements.
Suggested Sections

1. Parties: Identification of the Assignor and Assignee with full legal names, addresses, and any registration numbers for legal entities

2. Background: Context of the assignment, including current ownership status and reason for transfer

3. Definitions: Key terms used throughout the deed, including Property, Completion Date, and other relevant defined terms

4. Property Details: Precise legal description of the property including land registry details, plot number, address, and boundaries

5. Consideration: Details of the purchase price or other consideration for the assignment

6. Assignment Declaration: Formal declaration of assignment and transfer of property rights

7. Assignor's Warranties: Warranties regarding ownership, absence of encumbrances, and authority to transfer

8. Completion Requirements: Conditions and requirements for completing the transfer, including registration requirements

9. Costs and Taxes: Allocation of transfer costs, taxes, and registration fees

10. Governing Law: Confirmation of Swiss law application and relevant canton jurisdiction

11. Execution: Formal execution block meeting Swiss notarial requirements

Optional Sections

1. Existing Encumbrances: Details of any existing mortgages, easements, or other encumbrances that will continue after transfer

2. Environmental Provisions: Specific provisions regarding environmental conditions or contamination if relevant

3. Planning and Zoning: Specific mentions of planning permissions or zoning restrictions if relevant to the transfer

4. Tenant Rights: Details of existing tenancies if property is subject to lease agreements

5. Foreign Ownership Compliance: Specific provisions ensuring compliance with Lex Koller if assignee is a foreign national

6. Service Contracts: Treatment of existing service contracts related to the property

7. Mortgage Arrangements: Details of any new mortgage arrangements if relevant to the transfer

Suggested Schedules

1. Property Plan: Official cadastral plan and property boundaries

2. Land Registry Extract: Current extract from the land registry showing ownership and encumbrances

3. Property Title Documents: Copies of existing title documents and previous deeds

4. Property Photographs: Current photographs of the property and boundaries

5. Inventory: List of any fixtures and fittings included in the transfer

6. Payment Schedule: If payment is to be made in installments or subject to conditions

7. Due Diligence Documents: Relevant surveys, inspections, and technical reports

8. Power of Attorney: If any party is acting through an attorney

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Assignor
Assignee
Property
Land Registry
Completion Date
Consideration
Encumbrances
Existing Rights
Transfer Date
Completion Requirements
Due Diligence Documents
Effective Date
Land Register Extract
Notarial Deed
Permitted Encumbrances
Plan
Property Rights
Purchase Price
Registration Requirements
Relevant Canton
Signing Date
Title Documents
Transfer Taxes
Warranties
Building Regulations
Cantonal Authority
Completion Conditions
Environmental Laws
Existing Tenancies
Fixtures and Fittings
Legal Charges
Municipal Regulations
Planning Permissions
Property Tax
Registration Fees
Service Contracts
Stamp Duty
Transfer Deed
Zoning Requirements
Clauses
Parties Identification
Recitals
Definitions
Property Description
Consideration
Assignment Declaration
Title Warranty
Property Condition
Encumbrances
Registration Requirements
Tax Obligations
Environmental Compliance
Planning and Zoning
Representations and Warranties
Transfer of Rights
Completion Requirements
Risk and Insurance
Costs and Expenses
Land Registry Provisions
Existing Tenancies
Service Contracts
Environmental Matters
Governing Law
Dispute Resolution
Force Majeure
Severability
Entire Agreement
Execution Requirements
Notarial Certification
Relevant Industries

Real Estate

Property Development

Construction

Banking & Finance

Legal Services

Property Management

Urban Development

Agriculture (for agricultural land)

Hospitality

Commercial Property

Residential Property

Industrial Property

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Services

Investment

Operations

Due Diligence

Risk Management

Documents & Records

Relevant Roles

Real Estate Lawyer

Property Manager

Legal Counsel

Notary Public

Land Registry Officer

Real Estate Agent

Property Developer

Corporate Counsel

Compliance Officer

Real Estate Investment Manager

Asset Manager

Property Administrator

Transaction Manager

Due Diligence Specialist

Real Estate Portfolio Manager

Industries
Swiss Civil Code (ZGB/CC) Art. 656: Establishes the requirement for registration in the land register for property ownership transfer
Swiss Civil Code (ZGB/CC) Art. 657: Specifies the legal requirements for contracts concerning land ownership
Swiss Code of Obligations (OR/CO) Art. 216: Defines the formal requirements for contracts involving the sale of immovable property
Swiss Civil Code (ZGB/CC) Art. 942-977: Regulations concerning the land registry and registration procedures
Federal Act on Land Register Ordinance: Detailed regulations regarding land registry entries and procedures
Swiss Civil Code (ZGB/CC) Art. 730-744: Provisions regarding easements and real burdens that might affect property transfer
Federal Act on the Acquisition of Real Estate by Persons Abroad (Lex Koller): Restrictions on property acquisition by foreign nationals
Cantonal Property Transfer Tax Laws: Regional regulations governing property transfer taxes and fees
Swiss Civil Code (ZGB/CC) Art. 958-964: Rules regarding property documentation and registration requirements
Federal Act on Debt Enforcement and Bankruptcy: Relevant for checking encumbrances and ensuring clean title transfer
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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