Document background
The Condo Sales Contract is a fundamental document in German real estate transactions, used specifically for the purchase and sale of condominium units. This contract type is essential when transferring ownership of a residential or commercial condominium unit in Germany, requiring notarization under German law. It incorporates provisions from the Condominium Act (WEG) and Civil Code (BGB), addressing both individual unit ownership and shared property rights. The document is typically used in both private and commercial transactions, requiring careful consideration of property description, price terms, financing arrangements, and common property obligations. It must include specific declarations about the property's condition, energy efficiency certification, and any encumbrances or restrictions on the title.
