Redeemable Deed Template for Switzerland

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Key Requirements PROMPT example:

Redeemable Deed

"I need a Redeemable Deed for a commercial property in Zurich, involving a Swiss bank as beneficiary and multiple guarantors, with redemption rights exercisable within 5 years and quarterly payment terms."

Document background
The Redeemable Deed is a crucial document in Swiss property transactions where temporary transfer of property rights is required while maintaining redemption options. It is commonly used in financing arrangements, property development projects, or as security for obligations. The document must be drafted in compliance with Swiss federal and cantonal laws, particularly the Swiss Civil Code (ZGB) and Code of Obligations (OR). A Redeemable Deed typically includes detailed property descriptions, payment terms, redemption conditions, and registration requirements. It's essential in situations where parties need a flexible property rights arrangement that provides security while allowing for future property recovery through specified redemption mechanisms.
Suggested Sections

1. Parties: Identification of all parties involved in the deed, including the property owner, beneficiary, and any guarantors

2. Background: Context of the transaction and relationship between the parties

3. Definitions: Key terms used throughout the deed

4. Property Description: Detailed legal description of the property subject to the deed

5. Consideration: Details of the payment or value exchanged for the property rights

6. Redemption Rights: Terms and conditions under which the property can be redeemed, including timeframes and procedures

7. Payment Terms: Specifics of how and when payments must be made for redemption

8. Registration: Requirements and procedures for registering the deed with relevant authorities

9. Representations and Warranties: Statements of fact and guarantees by the parties

10. Covenants: Ongoing obligations of the parties

11. Default and Remedies: Consequences of breach and available remedies

12. Governing Law: Confirmation of Swiss law application and jurisdiction

13. Execution: Formal signing requirements and notarization provisions

Optional Sections

1. Third Party Rights: Required when there are existing encumbrances or third-party interests in the property

2. Foreign Ownership Provisions: Required when any party is not a Swiss resident, addressing Lex Koller requirements

3. Tax Provisions: Specific tax arrangements and responsibilities, if relevant

4. Insurance Requirements: Required when specific insurance coverage must be maintained

5. Property Management: Required when there are specific requirements for maintaining the property during the redemption period

6. Assignment Rights: Required when transfer of rights under the deed needs to be addressed

7. Force Majeure: Optional provisions for unforeseen circumstances affecting redemption rights

Suggested Schedules

1. Property Details: Detailed technical description of the property, including plans and boundaries

2. Title Documents: Copies of relevant property title documents and extracts from the land register

3. Payment Schedule: Detailed breakdown of payment terms and deadlines

4. Existing Encumbrances: List of any existing mortgages, liens, or other encumbrances

5. Condition Report: Current condition of the property if relevant to the redemption terms

6. Required Authorizations: Copies of necessary permits and authorizations

7. Power of Attorney: If applicable, documentation of authority to act on behalf of any party

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

Relevant legal definitions
Relevant Industries

Real Estate

Banking

Financial Services

Property Development

Investment Management

Legal Services

Construction

Commercial Property

Asset Management

Relevant Teams

Legal

Real Estate

Finance

Compliance

Risk Management

Property Management

Investment

Operations

Corporate Affairs

Relevant Roles

Real Estate Lawyer

Property Manager

Legal Counsel

Notary Public

Finance Director

Investment Manager

Asset Manager

Property Developer

Compliance Officer

Real Estate Transaction Manager

Banking Relationship Manager

Real Estate Portfolio Manager

Industries
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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