What must be included in a property purchase contract?

It must include, as a minimum: the parties, the property object with plot number, the purchase price, payment terms, handover date, warranty provisions and land register encumbrances.

Who pays the notary when buying property?

The arrangement varies by canton. In the canton of Zürich, buyer and seller each pay half of the notary costs. In other cantons, the buyer often bears the full costs.

Can I withdraw from the purchase contract?

After notarial authentication, withdrawal is possible only if a contractual withdrawal clause has been agreed or if there is a legal ground for doing so (e.g. fraudulent misrepresentation).

What does exclusion of warranty mean in the purchase contract?

An exclusion of warranty means that the seller is not liable for defects discovered after the purchase. However, defects that were intentionally concealed are excluded from this.

Purchase Agreement: What to Watch For