¶¶Òõ¶ÌÊÓƵ

The Conditional Sale Agreement Property is a crucial document in Danish real estate transactions where certain conditions must be satisfied before the sale can be completed. This type of agreement is commonly used when the purchase is contingent on factors such as obtaining mortgage financing, satisfactory property inspections, necessary permits, or other specific requirements. The document, governed by Danish property law, provides a structured framework for the transaction while protecting both parties' interests during the conditional period. It is particularly important in complex property transactions where immediate unconditional sale is not feasible or desirable. The agreement must comply with Danish legal requirements, including those set out in the Property Formation Act and Registration of Property Act, and typically includes detailed provisions about the property, conditions precedent, timeframes, and consequences of conditions being met or not met.

1. Parties: Identification of the seller and buyer with full legal names, addresses, and registration numbers if applicable

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property including address, land registry details, and cadastral number

5. Purchase Price: The agreed purchase price and payment structure

6. Conditions of Sale: Specific conditions that must be met before the sale becomes final

7. Deposit: Details of the deposit amount, payment terms, and conditions for retention or return

8. Due Diligence: Buyer's right to conduct property investigations and timeframes

9. Seller's Warranties: Warranties provided by the seller regarding the property's condition and legal status

10. Completion Requirements: Steps required for completion of the sale and transfer of ownership

11. Transfer of Risk: When and how risk transfers from seller to buyer

12. Costs and Taxes: Allocation of transaction costs, registration fees, and taxes

13. Default and Remedies: Consequences of breach and available remedies

14. Notices: How formal communications between parties should be made

15. Governing Law: Confirmation of Danish law as governing law and jurisdiction

16. Execution: Signature blocks and execution requirements