������Ƶ

The Holding Deposit Contract is a crucial document in Austrian property transactions, used when a potential buyer wishes to secure their interest in a property while finalizing the main purchase agreement. This document is typically employed in the period between initial interest and formal purchase commitment, serving as a form of security for both parties. It must comply with Austrian legal requirements, particularly the ABGB (Austrian Civil Code) and relevant property laws. The contract specifies the deposit amount (typically 5-10% of the purchase price), payment terms, duration of the holding period, and conditions for return or forfeiture of the deposit. It's essential for both residential and commercial property transactions and can be adapted for various types of property deals while maintaining compliance with Austrian legal standards.

1. Parties: Identification of all parties to the agreement, including full legal names, addresses, and registration details for companies

2. Background: Context of the agreement, including reference to the main property transaction being contemplated

3. Definitions: Key terms used in the agreement, including 'Holding Deposit', 'Property', 'Transaction Period', and 'Main Agreement'

4. Deposit Amount and Payment: Specification of the holding deposit amount, payment method, and deadline

5. Purpose of Holding Deposit: Clear statement of the deposit's purpose and its relationship to the intended property transaction

6. Duration and Deadline: Time period for which the property will be reserved and deadline for completing the main transaction

7. Conditions for Return: Circumstances under which the holding deposit will be returned to the potential buyer

8. Conditions for Retention: Circumstances under which the seller may retain the holding deposit

9. Application to Purchase Price: How the holding deposit will be applied to the final purchase price if the transaction proceeds

10. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction for disputes