The Notarial Deed Act requires a notarial deed for certain transactions, that is the drawing up of the deed by a notary in compliance with special procedural rules. With the notarial deed the notary examines and shapes the transaction and advises the parties, which goes considerably beyond the mere certification of the signature.
Subject to the notarial deed requirement under section 1 of the Notarial Deed Act are, among others, purchase, exchange, annuity and loan contracts as well as debt acknowledgments that one spouse gives to the other. Registered partners are equally covered. A gift without actual handover also requires the notarial deed, which section 943 of the Civil Code (ABGB) confirms for the mere promise of a gift. An actual handover must be outwardly recognisable and may not be exhausted in a mere promise.
If the mandatory form is missing, the transaction is invalid and cannot be registered. Especially with transfers within the family or with mixed gifts, where sale and gift coincide, the distinction is delicate. Clarify the form therefore before signing, because a subsequent repair is not always possible.