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The Real Property Purchase Agreement (Grundstückskaufvertrag) is a fundamental document in German real estate transactions, used whenever real property ownership is transferred between parties. This document must comply with strict German legal requirements, including mandatory notarization and registration in the land register (Grundbuch). It covers essential elements such as precise property description, purchase price, payment conditions, warranties, and specific German legal requirements like the real estate transfer tax. The agreement is crucial for both private and commercial transactions, providing legal certainty through its formalized structure and notarial authentication. It serves as the basis for the actual transfer of ownership and typically includes provisions for due diligence findings, existing encumbrances, and property handover procedures.

1. Parties: Identification and details of the seller and purchaser, including full legal names, addresses, and registration details for any corporate entities

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property including land registry details (Grundbuch), precise location, and measurements

5. Purchase Price: Specification of the purchase price, payment terms, and escrow arrangements

6. Due Diligence Results: Confirmation of property inspection results and any identified issues

7. Representations and Warranties: Seller's warranties regarding property ownership, encumbrances, and condition

8. Transfer of Ownership: Mechanics and timing of the property transfer (Auflassung)

9. Costs and Taxes: Allocation of transaction costs, including transfer tax, notary fees, and registration costs

10. Handover Provisions: Terms for physical handover of the property and transfer of utilities

11. Land Register Requirements: Provisions regarding registration in the land register (Grundbuch)

12. Notices: Communication procedures between parties

13. Governing Law: Confirmation of German law as governing law and jurisdiction