Land Buying Agreement

Land Buying Agreement Template for Denmark

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Document background

The Land Buying Agreement is a crucial legal document used in Danish property transactions to formalize the transfer of land ownership between parties. This agreement is essential when any type of land is being purchased in Denmark, whether for residential, commercial, or agricultural purposes. It must comply with specific requirements under Danish property law, including the Registration of Property Act (Tinglysningsloven) and related legislation. The document covers all aspects of the transaction, from initial property description to final transfer requirements, and is structured to meet Danish land registry requirements. It includes mandatory provisions for property registration, environmental declarations, and planning permissions, making it suitable for various types of land transactions while ensuring legal compliance with Danish property transfer regulations.

Suggested Sections

1. Parties: Identification and details of the seller(s) and buyer(s), including full legal names, addresses, and registration numbers for any legal entities

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 cadastral number, address, size, and boundaries as registered in the Danish Land Registry

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

6. Payment Terms: Detailed payment schedule, method of payment, and escrow arrangements

7. Closing Date and Transfer of Ownership: Specified date for closing and transfer of legal ownership

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

9. Due Diligence: Buyer's investigation rights and seller's obligation to provide documentation

10. Seller's Warranties: Warranties regarding ownership, encumbrances, and property condition

11. Registration and Transfer Costs: Allocation of costs related to property registration and transfer

12. Taxes and Fees: Distribution of responsibility for property taxes, registration fees, and other charges

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

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

Optional Sections

1. Agricultural Land Provisions: Required when the property includes agricultural land, addressing specific requirements under the Agricultural Holdings Act

2. Tenant Rights: Required when the property has existing tenants, addressing their rights and notice requirements

3. Environmental Conditions: Detailed section on environmental matters when the property has known environmental issues or requires specific investigation

4. Development Rights: Required when the property has specific development potential or restrictions

5. Mortgage Assumption: Required when existing mortgages are being assumed by the buyer

6. Construction Requirements: Required when the sale includes specific construction obligations or restrictions

7. Right of First Refusal: Required when there are existing rights of first refusal or when new ones are being created

Suggested Schedules

1. Property Details: Detailed technical description of the property, including maps and cadastral information

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

3. Property Inspection Report: Technical survey and condition assessment of the property

4. Environmental Reports: Any environmental surveys or contamination reports

5. Planning Documents: Relevant zoning certificates and planning permissions

6. Existing Leases: Details of any existing lease agreements affecting the property

7. Property Charges: List of all charges, taxes, and utilities associated with the property

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

9. Property Insurance: Details of existing insurance policies and claims history

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