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The Option Contract (Real Estate) is a crucial legal instrument in Danish property transactions, typically used when parties wish to secure future property rights while maintaining flexibility. This document is essential in situations where developers, investors, or potential buyers need time to conduct due diligence, arrange financing, or obtain necessary permits before committing to a full property purchase. The agreement, governed by Danish law, must comply with local property regulations and registration requirements. It includes detailed specifications of the property, option terms, exercise procedures, and conditions precedent, making it particularly valuable in complex real estate developments or strategic property acquisitions. The Option Contract (Real Estate) serves as a preliminary step to a full property transfer, providing security for both the option holder and the property owner while managing risks and obligations during the option period.

1. Parties: Identification and details of the option grantor (property owner) and option holder

2. Background: Context of the agreement and general intention of the parties

3. Definitions: Key terms used throughout the agreement, including Property, Option Period, Option Price, and Exercise Notice

4. Property Description: Detailed description of the real estate subject to the option, including address, land registry details, and cadastral number

5. Grant of Option: Core terms of the option grant, whether it's a call or put option, and exclusivity provisions

6. Option Period: Duration of the option, including start date, end date, and any extension provisions

7. Option Price and Premium: Amount payable for the option itself and the agreed purchase price if the option is exercised

8. Exercise of Option: Procedure for exercising the option, including notice requirements and timing

9. Completion Obligations: Requirements and procedures for completing the property purchase after option exercise

10. Property Access and Information: Rights of the option holder to access and inspect the property during the option period

11. Representations and Warranties: Statements and guarantees about the property and parties' authority

12. Registration: Provisions regarding registration of the option in the Land Registry

13. Assignment: Rules regarding transfer of option rights to third parties

14. Termination: Circumstances under which the agreement can be terminated

15. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes

16. Notices: Communication procedures between parties

17. Execution: Signature requirements and execution formalities