Document background
The Purchase Deed (Kaufvertrag) is a fundamental legal document in German real estate transactions, required whenever real property ownership is transferred between parties. This document must be notarized under German law and contains all essential elements of the property sale, including detailed property description, purchase price, payment terms, warranties, and specific declarations required for land registry purposes. It serves multiple purposes: documenting the agreement between parties, fulfilling legal requirements for property transfer, enabling land register registration, and establishing the basis for tax assessment. The deed must comply with various German laws including the Civil Code (BGB), Land Registration Act (GBO), and Notarisation Act (BeurkG). It's particularly important as property transfers in Germany are invalid without proper notarization and registration.
