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The For Sale By Owner Real Estate Purchase Agreement is utilized in Germany when property owners wish to sell their real estate directly to buyers without involving real estate agents, thereby potentially reducing transaction costs. This document must comply with strict German legal requirements, including mandatory notarization under §311b BGB and registration in the land registry (Grundbuch). It encompasses crucial elements such as property details, purchase price, payment terms, warranties, and transfer conditions. The agreement is particularly relevant in today's real estate market where direct property sales are increasingly common, especially through digital platforms. It provides a structured framework for both residential and commercial property transactions while ensuring all legal requirements under German law are met.

1. Parties: Identification and details of the seller(s) and buyer(s), including full legal names, addresses, and marital status if relevant

2. Background: Brief context of the sale and confirmation that the seller is the registered owner of the property

3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, and other relevant terms

4. Property Description: Detailed description of the property including land registry details (Grundbuch), exact address, and size

5. Purchase Price: The agreed purchase price, payment terms, and escrow arrangements

6. Payment Terms: Detailed structure of payments, including deposits and final payment requirements

7. Property Transfer: Terms for the legal transfer of the property, including notarization requirements and registration in the land registry

8. Representations and Warranties: Seller's warranties about the property's condition, encumbrances, and legal status

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

10. Handover Conditions: Terms for the physical handover of the property, including condition requirements and timing

11. Default and Remedies: Consequences of breach by either party and available remedies

12. Governing Law: Confirmation of German law application and jurisdiction

13. Notarization: Acknowledgment of the requirement for notarization and agreement to cooperate in the process