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Contract For Land Purchase
"I need a Contract For Land Purchase for acquiring a 5,000 square meter industrial plot in Munich, Germany, with specific provisions for environmental compliance and future development rights, planned to complete by March 2025."
1. Parties: Identification of seller and purchaser with full legal names, addresses, and registration details if companies
2. Background: Context of the sale and brief description of the property being transferred
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the land including exact location, land register details (Grundbuch), and plot numbers (Flurstück)
5. Purchase Price: Agreed purchase price, payment terms, and escrow arrangements
6. Transfer of Ownership: Conditions and process for transferring title (Auflassung)
7. Representations and Warranties: Seller's warranties regarding property condition, encumbrances, and legal status
8. Due Diligence Results: Acknowledgment of property inspection and accepted condition
9. Costs and Taxes: Distribution of transaction costs, including notary fees, transfer taxes, and registration fees
10. Registration Authorization: Authorization for land registry registration and required actions
11. Possession and Risk Transfer: Date and conditions for transfer of possession and associated risks
12. Governing Law: Confirmation of German law application and jurisdiction
1. Existing Encumbrances: Details of existing mortgages, easements, or other encumbrances if applicable
2. Environmental Conditions: Specific provisions regarding known environmental issues or contamination
3. Development Obligations: If the land is subject to development requirements or restrictions
4. Agricultural Provisions: Special provisions if the land is agricultural, including pre-emptive rights
5. Tenant Provisions: If the property is currently leased or has existing tenants
6. Monument Protection: Special provisions if the property is subject to historical preservation requirements
7. Pre-emptive Rights: Handling of municipal or other pre-emptive rights if applicable
8. Construction Obligations: If the sale includes obligations to construct or develop the land
9. Utilities and Connections: Details about utility connections and related obligations if relevant
1. Land Register Extract: Current extract from the land register (Grundbuchauszug)
2. Cadastral Map: Official cadastral map and plot description
3. Property Plans: Site plans, building plans if applicable
4. Due Diligence Reports: Technical, environmental, and legal due diligence reports
5. Encumbrance Documentation: Details of existing encumbrances, easements, or restrictions
6. Energy Certificates: Energy performance certificates if buildings are included
7. Soil Assessment: Soil quality and contamination assessment reports if conducted
8. Building Permits: Existing building permits and related documentation if applicable
9. Property Tax Assessment: Current property tax assessment and payment status
Authors
Property
Land Register (Grundbuch)
Land Registry Office (Grundbuchamt)
Purchase Price
Completion Date
Transfer of Ownership (Auflassung)
Registration (Eintragung)
Encumbrances (Belastungen)
Seller
Purchaser
Notary
Due Date
Possession (Besitz)
Pre-emptive Rights (Vorkaufsrecht)
Plot Number (Flurstück)
Cadastral District (Gemarkung)
Priority Notice (Vormerkung)
Easements (Dienstbarkeiten)
Building Permit (Baugenehmigung)
Real Estate Transfer Tax (Grunderwerbsteuer)
Contamination (Altlasten)
Development Plan (Bebauungsplan)
Land Charge (Grundschuld)
Mortgage (Hypothek)
Notarial Deed (Notarielle Urkunde)
Payment Date
Signing Date
Transfer Date
Vacant Possession
Business Day
Permitted Use
Material Adverse Change
Title Deed (Eigentumsnachweis)
Completion Conditions
Purchase Price
Payment Terms
Transfer of Ownership
Registration Rights
Property Condition
Warranties and Representations
Due Diligence
Pre-emptive Rights
Encumbrances
Environmental Compliance
Tax Obligations
Costs and Expenses
Risk Transfer
Possession Transfer
Building Permits
Land Use
Contamination
Municipal Rights
Insurance
Force Majeure
Notarization
Title Transfer
Severability
Governing Law
Jurisdiction
Assignment
Entire Agreement
Amendments
Notices
Default
Remedies
Termination
Survival
Further Assurance
Real Estate
Construction
Property Development
Agriculture
Commercial Property
Residential Property
Industrial
Retail
Hospitality
Urban Development
Infrastructure
Legal
Real Estate
Property Management
Finance
Compliance
Operations
Business Development
Facilities Management
Environmental
Tax
Real Estate Manager
Property Developer
Legal Counsel
Real Estate Attorney
Commercial Director
Investment Manager
Land Acquisition Manager
Development Director
Property Manager
Facilities Manager
Chief Financial Officer
Real Estate Agent
Construction Manager
Urban Planner
Environmental Compliance Officer
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