Conveyance Agreement

Conveyance Agreement Template for Denmark

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Document background

A Conveyance Agreement is the primary legal instrument used in Denmark for transferring ownership of real property between parties. This document is essential for any real estate transaction in Denmark, whether for residential, commercial, or industrial properties. The agreement must comply with Danish property law, including the Property Formation Act (Udstykningsloven) and Registration of Property Act (Tinglysningsloven). A properly drafted Conveyance Agreement includes crucial details such as property description, purchase price, payment terms, conditions for completion, and necessary warranties. It serves as the foundation for registering the property transfer with the Danish Land Registry (Tinglysningsretten) and ensures that all legal requirements for property transfer under Danish law are satisfied. The document is typically used in conjunction with property surveys, technical reports, and other supporting documentation to facilitate a complete and legally compliant property transfer.

Suggested Sections

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 conveyed

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

4. Property Description: Detailed description of the property including cadastral number, address, and registered area

5. Purchase Price: Specification of the purchase price and payment terms

6. Deposit: Details of the deposit amount, payment timing, and holding arrangements

7. Completion: Conditions for completion, timing, and process for transfer of ownership

8. Registration: Provisions regarding land registry registration requirements and responsibilities

9. Property Condition: Statement of the property's condition and any known defects

10. Seller's Warranties: Warranties given by the seller regarding the property

11. Transfer of Risk: Timing and conditions for transfer of risk to the property

12. Expenses and Taxes: Allocation of transaction costs, stamp duty, and property taxes

13. Notices: Process for giving notices under the agreement

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

15. Signatures: Execution blocks for all parties

Optional Sections

1. Existing Tenancies: Required if the property has existing tenants, detailing their rights and arrangements

2. Mortgage Arrangements: Required if there are existing mortgages to be discharged or new mortgages to be registered

3. Environmental Matters: Required if there are known environmental issues or contamination

4. Planning and Development: Required if there are specific planning permissions or restrictions affecting the property

5. Service Contracts: Required if there are ongoing service contracts that will transfer with the property

6. Fixtures and Fittings: Required if there needs to be specific agreement about what items are included/excluded from the sale

7. Pre-emption Rights: Required if there are any pre-emption rights affecting the property

8. Construction Warranties: Required for newer properties with existing construction warranties to be transferred

Suggested Schedules

1. Property Plan: Cadastral map and property boundaries

2. Title Documents: Copies of relevant title documents and land registry excerpts

3. Property Condition Report: Technical assessment of the property's condition

4. Existing Leases: Copies of any existing lease agreements

5. Planning Documents: Relevant planning permits and restrictions

6. Environmental Reports: Any environmental surveys or reports

7. Inventory: List of fixtures, fittings, and other items included in the sale

8. Building Permits: Copies of relevant building permits and certificates

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