Property Purchase Agreement Form

Property Purchase Agreement Form Template for Denmark

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Document background

The Property Purchase Agreement Form is a crucial legal document used in Danish real estate transactions to formalize and document the transfer of property ownership. This agreement is essential for both residential and commercial property transactions in Denmark, incorporating specific requirements under Danish property law, including mandatory disclosures, energy certifications, and property condition reports. The document serves as a comprehensive record of the transaction terms, including purchase price, payment conditions, property details, and both parties' obligations. It must comply with various Danish regulations, including the Danish Purchase Act (Købeloven) and the Registration of Property Act (Tinglysningsloven). The agreement is typically prepared with input from legal professionals and real estate agents to ensure all necessary elements are properly addressed and documented.

Suggested Sections

1. Parties: Identification of the seller(s) and buyer(s) with full legal names, addresses, and CPR/CVR numbers

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

3. Definitions: Key terms used throughout the agreement

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

5. Purchase Price: Total purchase price, payment structure, and deposit requirements

6. Payment Terms: Detailed payment schedule, including deposit, mortgage arrangements, and final settlement

7. Condition of Property: Current state of the property, including known defects and condition report findings

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

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

10. Property Charges: Ongoing charges, property taxes, and utility arrangements

11. Insurance: Insurance requirements and transfer of insurance responsibilities

12. Completion Requirements: Steps required for completion, including documentation and registration

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

14. Signatures: Execution blocks for all parties and witnesses

Optional Sections

1. Tenant Rights: Required when the property is currently leased or has tenants

2. Mortgage Assumption: Include when buyer is assuming existing mortgage(s)

3. Property Management: Needed for properties within housing associations or shared facilities

4. Development Rights: Include when there are unused development rights or pending applications

5. Environmental Matters: Required for properties with known environmental issues or investigations

6. Agricultural Rights: Include for properties with agricultural land or obligations

7. Historical Protection: Required for properties with preservation orders or listed status

8. Right of First Refusal: Include when there are existing rights of first refusal

9. Easements: Detailed section needed when significant easements affect the property

Suggested Schedules

1. Property Information Form: Detailed disclosure form completed by seller (Tilstandsrapport)

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

3. Land Registry Extract: Current title information from the Land Registry (Tingbogsattest)

4. Property Valuation: Official property valuation and tax assessment

5. Building Survey: Technical inspection report if commissioned

6. Property Plans: Floor plans, land survey maps, and relevant building plans

7. Insurance Information: Details of existing insurance and claims history

8. Utility Consumption: Historical utility consumption and expenses

9. Property Charges Statement: Statement of all current property charges and taxes

10. Environmental Reports: Any environmental surveys or soil contamination reports

11. Building Permits: Copies of relevant building permits and certificates

12. Photographs: Current photographs of the property and any defects

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