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Home For Sale By Owner Contract Template for Denmark

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Key Requirements PROMPT example:

Home For Sale By Owner Contract

Document background
The Home For Sale By Owner Contract is specifically designed for use in Denmark when a property owner wishes to sell their residential property directly to a buyer without engaging a real estate agent. This approach, while requiring more direct involvement from the parties, can result in cost savings but necessitates careful attention to legal requirements. The document must comply with Danish property law, including mandatory provisions for property condition reports, energy certificates, and ownership registration. It's particularly relevant in situations where the parties are familiar with the property market or prefer direct negotiation. The contract includes comprehensive provisions for property transfer, payment terms, condition disclosures, and legal warranties, all aligned with Danish legal requirements and property transfer regulations.
Suggested Sections

1. Parties: Identification and details of the seller and buyer, including names, addresses, and civil registration numbers (CPR)

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

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

4. Property Details: Comprehensive description of the property including address, land registry details, plot size, and built area

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

6. Transfer of Ownership: Date of possession, handover procedures, and registration requirements

7. Property Condition: Current condition of the property, known defects, and reference to property condition report

8. Seller's Warranties: Seller's representations regarding property ownership, encumbrances, and disclosed issues

9. Due Diligence: Buyer's inspection rights and acknowledgments of property condition

10. Costs and Taxes: Distribution of transaction costs, property taxes, and utility payments

11. Insurance: Insurance requirements and responsibilities during the transition period

12. Default and Remedies: Consequences of breach and available remedies for both parties

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

14. Signatures: Execution provisions and signature blocks

Optional Sections

1. Mortgage Assumption: Terms for buyer's assumption of existing mortgages, used when existing mortgages are being transferred

2. Movable Property: List of furniture or equipment included/excluded from sale, used when specific items are part of the negotiation

3. Rental Agreements: Details of existing tenants and lease agreements, used for properties with current tenants

4. Environmental Conditions: Specific environmental issues or requirements, used when property has known environmental concerns

5. Building Permits: Status of building permits and compliance, used for properties with recent construction or pending permits

6. Easements: Specific easements affecting the property, used when significant easements exist

7. Renovation Requirements: Agreed renovation or repair works before completion, used when specific works are part of the agreement

Suggested Schedules

1. Property Condition Report: Detailed technical report on property condition (Tilstandsrapport)

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

3. Land Registry Extract: Current extract from the Danish Land Registry (Tingbogsattest)

4. Property Plans: Floor plans and property boundaries

5. Utility Consumption Statement: Historical utility consumption data

6. Insurance Documents: Property insurance details and ownership transfer insurance

7. Property Tax Assessment: Current property tax assessment and payments

8. Technical Installations Report: Documentation of technical installations and maintenance

9. Photographs: Documentary photographs of property condition at time of sale

Authors

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Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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