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Property Purchase Agreement Form

Property Purchase Agreement Form Template for Switzerland

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Key Requirements PROMPT example:

Property Purchase Agreement Form

"I need a Property Purchase Agreement Form for a foreign buyer purchasing a luxury residential property in Zurich, Switzerland, with completion scheduled for March 2025, that includes specific provisions for Lex Koller compliance and mortgage financing arrangements."

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Document background
The Property Purchase Agreement Form is a crucial legal document used in Swiss real estate transactions to formalize the transfer of property ownership. It serves as the primary contract between buyers and sellers, whether individuals or corporate entities, and must comply with strict Swiss legal requirements, including cantonal notarization rules. This document is essential when purchasing any type of real property in Switzerland, from residential homes to commercial buildings. It includes detailed provisions covering property description, purchase price, payment terms, warranties, and transfer conditions, all aligned with the Swiss Civil Code and Code of Obligations. Special considerations may apply for foreign buyers under Lex Koller regulations. The agreement must be properly executed and registered with the land registry to effect valid transfer of ownership.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, addresses, and any relevant registration numbers

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the property including land registry details, plot number, size, and exact location

5. Purchase Price: Agreed purchase price, payment terms, and schedule of payments

6. Payment Terms and Financing: Details of how and when payments will be made, including any mortgage arrangements

7. Transfer of Ownership: Conditions and process for transferring property ownership via the land registry

8. Representations and Warranties: Seller's declarations regarding property condition, ownership, and absence of encumbrances

9. Handover Conditions: Terms and timing of property possession transfer

10. Costs and Taxes: Allocation of notary fees, land registry costs, transfer taxes, and other transaction expenses

11. Governing Law and Jurisdiction: Confirmation of Swiss law application and competent courts

Optional Sections

1. Mortgage Assumption: Terms for buyer's assumption of existing mortgage, if applicable

2. Foreign Buyer Provisions: Additional provisions required when buyer is subject to Lex Koller

3. Tenant Provisions: Details regarding existing tenancy agreements if property is currently rented

4. Defects Liability: Special provisions regarding known defects or potential issues

5. Construction Obligations: Requirements for incomplete properties or planned renovations

6. Environmental Provisions: Special terms regarding environmental issues or contamination

7. Right of First Refusal: Terms of any pre-emptive rights granted to either party

8. Insurance: Provisions regarding transfer of insurance policies or requirements for new coverage

Suggested Schedules

1. Property Details Schedule: Detailed technical description of the property, including exact measurements and boundaries

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

3. Payment Schedule: Detailed breakdown of payment installments and timing

4. Inventory Schedule: List of included fixtures, fittings, and movable items

5. Property Condition Report: Technical assessment of property condition and any identified defects

6. Building Permits: Copies of relevant building permits and certificates

7. Property Plans: Official floor plans and site plans

8. Energy Certificate: Current energy performance certificate for the property

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
Property
Land Registry
Purchase Price
Completion Date
Transfer Date
Encumbrances
Land Registry Extract
Notarial Deed
Seller
Buyer
Parties
Property Plans
Building Permit
Fixtures and Fittings
Handover Protocol
Effective Date
Due Diligence Period
Mortgage
Security Interest
Easements
Public Law Restrictions
Cadastral Survey
Title Insurance
Environmental Report
Energy Certificate
Cantonal Requirements
Lex Koller Permit
Force Majeure
Business Day
Consideration
Deposit
Material Adverse Change
Permitted Use
Registration Fees
Stamp Duty
Transfer Tax
Warranties
Defects
Notary Public
Purchase Contract
Payment Schedule
Common Areas
Inspection Report
Pre-emption Rights
Building Regulations
Zoning Requirements
Clauses
Property Description
Purchase Price
Payment Terms
Transfer of Ownership
Representations and Warranties
Due Diligence
Property Condition
Encumbrances
Environmental Compliance
Insurance
Risk Transfer
Notarization Requirements
Land Registry
Completion Conditions
Property Handover
Costs and Taxes
Foreign Ownership
Default and Remedies
Force Majeure
Notices
Assignment
Amendment
Entire Agreement
Severability
Governing Law
Jurisdiction
Dispute Resolution
Third Party Rights
Confidentiality
Further Assurance
Regulatory Compliance
Title Insurance
Mortgage Conditions
Pre-emption Rights
Construction Obligations
Tenant Rights
Utilities Transfer
Property Management
Building Regulations
Zoning Compliance
Relevant Industries

Real Estate

Banking and Financial Services

Legal Services

Construction and Development

Property Management

Insurance

Environmental Services

Professional Services

Public Sector

Tourism and Hospitality

Relevant Teams

Legal

Real Estate

Compliance

Risk Management

Property Management

Corporate Affairs

Investment

Finance

Administrative Services

Environmental Affairs

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Compliance Officer

Risk Manager

Corporate Counsel

Real Estate Developer

Investment Manager

Property Administrator

Notary Public

Bank Manager

Mortgage Specialist

Environmental Consultant

Tax Advisor

Industries
Swiss Civil Code (ZGB): Articles 656-666 covering property ownership rights, transfer of ownership, and land registry requirements
Swiss Code of Obligations (OR): Articles 216-221 specifically dealing with the purchase and sale of immovable property and formal requirements for real estate contracts
Federal Act on the Acquisition of Real Estate by Persons Abroad (Lex Koller): Regulations concerning foreign buyers purchasing property in Switzerland, including restrictions and permit requirements
Federal Act on Land Registry (GBV): Regulations governing the registration of property ownership and changes in the land registry
Cantonal Notarization Laws: Local regulations requiring public notarization of property purchase agreements (varies by canton)
Federal Act on Spatial Planning (RPG): Zoning laws and building regulations that may affect property use and transfer
Federal Act on Second Homes (Zweitwohnungsgesetz): Restrictions on second home purchases in certain areas, particularly relevant for tourist regions
Federal Environmental Protection Act (USG): Environmental regulations that may affect property transactions, including contaminated land provisions
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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