Already in the planning stage, the overview must be maintained and strategic approaches must be pursued. Our expertise includes legal advice, drafting of property development contracts in accordance with the Property Development Contracts Act (BTVG), fiduciary execution, establishment of condominium ownership, securing purchasers in accordance with the BTVG, post-project support (e.g. in relation to leasing, automated and individual dunning strategy, as well as bringing rent and eviction actions).
Philipp Frenzl, attorney-at-law, wrote a guide on real estate law for Thomson Reuters ("Q&A guide to corporate real estate law in Austria"). This Q&A guide provides an initial general overview of real estate law and the real estate market in Austria and is available on the Thomson Reuters website: https://uk.practicallaw.thomsonreuters.com/w-015-9215.
In the past we have, among other things
advised on the establishment of companies iZm real estate transactions and Airbnb
Accompanied companies ("startups") from their foundation to their first property development projects
Advising and assisting property developers in the establishment of condominium ownership, drafting of purchase agreements for the sale of apartments (in accordance with the provisions of the Property Development Contracts Act) with a value of approximately € 15 million
Draws up rental and lease agreements as well as building lease and super-possession agreements for developers
Drawing up deeds that can be recorded in the land register and recording liens, encumbrances, easements and house easements
advised on complex transaction structure in connection with a real estate project with a value of € 12 million, in which a bank consortium was also involved
Assisted property developers, cooperatives and/or companies in bringing rent and eviction actions and in (further) developing an automated and individual dunning strategy and represented them before courts and authorities