Schnubbihh
2023-10-09 21:49:47
- #1
Hello dear community,
we are about to purchase a plot of land from a private seller and are wondering which clauses we should include in the purchase contract as buyers to best protect ourselves.
Background:
- Hinterland development in Hamburg
- We are buying plot 2, the seller is holding back on plot 1 (front)
- Plots are legally divided
- Investigation by the ordnance clearance service has already been commissioned and the result will be available BEFORE purchase
- Soil survey will be conducted BEFORE purchase
- Seller intends to register a building encumbrance and easement on the front plot (1) (right of way and utility rights)
Accordingly, the contract will include:
- Necessity of the building encumbrance / easement
- Demolition of the garage on the front plot. Or is this already covered by the building encumbrance/easement? Does a date need to be set for this?
Possibly for discussion:
- Quality/selection of the access road and entrance gate (street) + who bears which parts of the costs and expenses for the access road on plot 1? Recommendations?
- Positive decision on a preliminary building request (to secure general buildability in accordance with the development plan)?
- Right of first refusal for the front plot (in case it is ever sold)
- Is it possible to make deals where we bear the costs for demolishing the garage (and possibly the house) on plot 1 and in return the purchase price is reduced accordingly (saves real estate transfer tax)? Or would something like this already constitute tax fraud?
Are such clauses at all possible and sensible? Do you have any other recommendations for the purchase contract?
Best regards!
we are about to purchase a plot of land from a private seller and are wondering which clauses we should include in the purchase contract as buyers to best protect ourselves.
Background:
- Hinterland development in Hamburg
- We are buying plot 2, the seller is holding back on plot 1 (front)
- Plots are legally divided
- Investigation by the ordnance clearance service has already been commissioned and the result will be available BEFORE purchase
- Soil survey will be conducted BEFORE purchase
- Seller intends to register a building encumbrance and easement on the front plot (1) (right of way and utility rights)
Accordingly, the contract will include:
- Necessity of the building encumbrance / easement
- Demolition of the garage on the front plot. Or is this already covered by the building encumbrance/easement? Does a date need to be set for this?
Possibly for discussion:
- Quality/selection of the access road and entrance gate (street) + who bears which parts of the costs and expenses for the access road on plot 1? Recommendations?
- Positive decision on a preliminary building request (to secure general buildability in accordance with the development plan)?
- Right of first refusal for the front plot (in case it is ever sold)
- Is it possible to make deals where we bear the costs for demolishing the garage (and possibly the house) on plot 1 and in return the purchase price is reduced accordingly (saves real estate transfer tax)? Or would something like this already constitute tax fraud?
Are such clauses at all possible and sensible? Do you have any other recommendations for the purchase contract?
Best regards!