Document background
The Residential Resale Contract is a fundamental document in German real estate transactions, used when transferring ownership of existing residential properties between parties. It must comply with the German Civil Code (BGB) and requires mandatory notarization to be legally valid. The document is typically used in private property sales, whether for single-family homes, apartments, or other residential units. It includes crucial information about the property, parties involved, purchase price, payment terms, warranties, and specific German legal requirements such as land registry procedures. The contract serves multiple purposes: it legally binds the parties, provides clarity on the transaction terms, ensures compliance with German property law, and forms the basis for the official property transfer in the land registry (Grundbuch). This document type is essential for real estate transactions in Germany and must account for various legal requirements, including energy efficiency certificates, property encumbrances, and tax implications.
