For Sale By Owner Real Estate Contract Form

For Sale By Owner Real Estate Contract Form Template for Denmark

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Document background

The For Sale By Owner Real Estate Contract Form is designed for use in Denmark when parties wish to conduct a property sale without the involvement of a real estate agent. This document is essential for private property transactions under Danish jurisdiction and must comply with specific requirements of Danish property law, including the Danish Purchase Act (Købeloven) and Property Formation Act (Udstykningsloven). It incorporates mandatory elements such as property condition reports, energy certificates, and ownership transfer insurance requirements. The contract is particularly useful for sellers looking to save on agent commissions while ensuring all legal requirements are met. It includes comprehensive sections covering property details, price, conditions, warranties, and closing requirements, making it suitable for both residential and commercial property transactions in Denmark.

Suggested Sections

1. Parties: Identification and contact details of the seller and buyer, including CPR/CVR numbers as required under Danish law

2. Background: Brief context of the sale and property overview

3. Definitions: Key terms used throughout the agreement

4. Property Details: Comprehensive description of the property including address, land registry number (matrikelnummer), and registered area

5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements

6. Transfer of Ownership: Date of possession (overtagelsesdag) and conditions for transfer of ownership

7. Property Condition: Current condition of the property and any known defects, referencing the property condition report

8. Seller's Representations: Seller's warranties regarding the property's condition, encumbrances, and legal status

9. Due Diligence: Buyer's investigation rights and responsibilities

10. Closing Requirements: Documentation and steps required for completing the transaction

11. Expenses and Taxes: Allocation of closing costs, property taxes, and utility charges

12. Risk Transfer: Point at which risk transfers from seller to buyer

13. Default and Remedies: Consequences of breach by either party

14. Governing Law: Confirmation of Danish law application and jurisdiction

Optional Sections

1. Tenant Rights: Required if the property is currently leased, detailing existing tenancy agreements and transfer of obligations

2. Mortgage Assumption: Include if the buyer is assuming any existing mortgages

3. Fixtures and Fittings: Detailed list of items included/excluded in the sale when there are specific arrangements

4. Environmental Matters: Required if there are known environmental issues or special regulations applying to the property

5. Planning Permissions: Include if there are pending planning applications or restrictions

6. Renovation Requirements: Include if mandatory renovations or repairs are required by local authorities

7. Property Association Membership: Required if the property is part of a housing association or similar organization

Suggested Schedules

1. Property Condition Report (Tilstandsrapport): Mandatory report on the physical condition of the property

2. Energy Performance Certificate (Energimærkning): Mandatory energy rating certificate

3. Property Insurance Information: Details of existing insurance and ownership transfer insurance

4. Land Registry Extract (Tingbogsattest): Official extract showing title and encumbrances

5. Property Valuation: Official valuation and tax assessment documents

6. Floor Plans and Survey Map: Official property drawings and measurements

7. Utility Consumption Statement: Historical utility consumption and expenses

8. Property Tax Statement: Current property tax assessment and payment history

9. List of Fixtures and Fittings: Detailed inventory of items included in the sale

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For Sale By Owner Real Estate Contract Form Template for Denmark

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