an accomlishment of a contract you usually only need the declaration
of intent of all parties involved in the contract. When buying a
property, the road to signing the contract is a very long one.
the real estate purchase agreement, all details of the sale are
written down, which is why you should consider the individual points
of the contract very thoroughly when concluding the contract and
always read the contract thoroughly.
soon as the contracting parties agree, a sales contract is drawn up.
All previously made agreements and all discussed details should be
included in this contract, because only the aspects mentioned in the
contract are legally crucial, everything that is not listed in the
contract is void!
the contract has been completed, you make an appointment with a
notary public. This officially acts as a neutral mediator and is
inevitable, because without the presence of a notary no real estate
purchase agreement can e done.
notary submits a draft contract to each contracting party and reads
out all details of the contract to both parties. If all agreements
and details of the contract agree, it can be signed and is legally
binding by the supervision and the presence of the notary after the
signature of both parties.
most important details of a sales contract:
Details of the contracting parties (name, place of residence, date of
a description of the object of purchase (propert, apartment, size,
the purchase price, as well as the payment date
Payment details (method of payment, place of payment, etc.)
Time of the economic takeover of the object of purchase, as well as
the actual handover
a late payment interest
Special arrangements (eg taking over a kitchen or a shed or similar)
information when buying a condominium:
the apartment number
a description of the acquired special property
Rights of use regarding the community property as well as special use
rights (eg underground parking space or similar)
Community rules, which specify the costs of maintenance, electricity
and water, as well as rights and obligations
the co-ownership share (indicates the proportion of ownership of the
when purchasing a condominium:
buying a condominium, you not only have to manage your property, the
but also the joint
which is why you become a part of a community association. The reason
for this is that the community property, such as a playground,
staircases, roofs and much more is managed by everyone. For the
management of the community property, there are owner meetings in
which resolutions and decisions are voted on and decided. The
co-determination right of an owner depends on the co-ownership