Home Purchase Agreement

Home Purchase Agreement Template for Denmark

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Document background

The Home Purchase Agreement is a crucial legal document used in Danish residential property transactions to formalize the sale and purchase of homes. It is designed to comply with Danish property law, including the Danish Purchase Act (Købeloven) and Property Formation Act (Udstykningsloven). This agreement is essential when transferring ownership of residential property in Denmark, whether it's a house, apartment, or other residential unit. The document includes comprehensive details about the property, purchase price, payment terms, condition assessments, energy certificates, and specific Danish legal requirements. It protects both buyers and sellers by clearly stating their rights and obligations, while ensuring compliance with Danish property registration requirements and relevant consumer protection laws. The agreement is typically prepared with assistance from real estate agents and lawyers to ensure all legal requirements are met and the interests of all parties are protected.

Suggested Sections

1. Parties: Identification and contact details of the seller and buyer

2. Background: Context of the sale and brief description of the property

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

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

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

6. Financing: Details of how the purchase will be financed, including mortgage arrangements

7. Condition of Property: Current state of the property, including known defects and recent inspections

8. Fixtures and Fittings: List of items included and excluded from the sale

9. Title and Registration: Confirmation of title, encumbrances, and registration process

10. Energy Certificate: Details of the property's energy rating and certification

11. Due Diligence: Buyer's inspection rights and documentation review process

12. Closing Process: Steps for completion of the sale, including timing and requirements

13. Risk and Insurance: Transfer of risk and insurance requirements

14. Taxes and Costs: Allocation of transaction costs, property taxes, and utilities

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

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

Optional Sections

1. Tenant Rights: Required if the property is currently leased to tenants

2. Environmental Issues: Required if there are known environmental concerns or obligations

3. Planning Permissions: Required if there are ongoing or pending planning applications

4. Property Management: Required for properties in shared buildings or communities

5. Renovation Requirements: Required if specific renovations are agreed as part of the sale

6. Protected Building Status: Required if the property is listed or protected

7. Right of First Refusal: Required if there are existing rights of first refusal

8. Agricultural Land: Required if the property includes agricultural land

Suggested Schedules

1. Property Plan: Floor plans and property boundaries

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

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

4. Energy Performance Certificate: Official energy rating documentation

5. Fixture and Fittings List: Detailed inventory of items included/excluded from sale

6. Property Information Form: Seller's declarations about the property

7. Land Registry Search Results: Official search results showing encumbrances

8. Building Insurance Details: Current insurance documentation

9. Property Photographs: Documentary photographs of property condition

10. Utility and Service Contracts: Details of ongoing service agreements

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