Property Sale Agreement

Property Sale Agreement Template for Denmark

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Document background

The Property Sale Agreement is a fundamental legal document used in Danish real estate transactions to formalize the transfer of property ownership. It is essential for any property sale in Denmark, whether residential, commercial, or industrial. The document must comply with Danish property law, including the Danish Purchase Act (Købeloven) and the Registration of Property Act (Tinglysningsloven). It contains mandatory elements such as energy certificates, property condition reports, and specific provisions required by Danish law. This agreement is particularly important as it serves as the primary document for land registry purposes and forms the basis for property registration, mortgage arrangements, and transfer of title. It should be used whenever there is a transfer of real property ownership in Denmark, ensuring all legal requirements are met and both parties' interests are protected.

Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, addresses, and registration numbers if applicable

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, size, and included fixtures and fittings

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

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

7. Condition of Property: Statement of the property's condition, including reference to inspection reports and energy certificates

8. Seller's Warranties: Warranties given by the seller regarding the property's condition, title, and disclosed information

9. Transfer of Ownership: Process and timing for legal transfer of the property

10. Completion: Details of the completion process, including timing and practical arrangements

11. Registration: Provisions regarding land registry registration and associated costs

12. Costs and Taxes: Allocation of transaction costs, registration fees, and property taxes

13. Governing Law: Confirmation that the agreement is governed by Danish law

14. Dispute Resolution: Process for resolving any disputes arising from the agreement

Optional Sections

1. Tenant Rights: Required if the property is sold with existing tenants, detailing their rights and lease arrangements

2. Environmental Matters: Required if there are specific environmental considerations or contamination issues

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

4. Renovation Requirements: Required if specific renovation or repair works are agreed as part of the sale

5. Protected Building Status: Required if the property is listed or subject to preservation orders

6. Easements: Required if there are specific easements or rights of way that need detailed description

7. Equipment Transfer: Required if specific equipment or appliances are included in the sale

8. Agricultural Rights: Required for properties with agricultural land or farming rights

Suggested Schedules

1. Property Description Schedule: Detailed description of the property, including boundaries and land registry information

2. Fixtures and Fittings List: Comprehensive list of items included in and excluded from the sale

3. Energy Performance Certificate: Mandatory energy performance rating and certificate

4. Property Condition Report: Technical inspection report on the property's condition

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

6. Environmental Reports: Any environmental surveys or assessments

7. Planning Documents: Relevant planning permissions and restrictions

8. Property Insurance Details: Details of existing insurance and requirements for completion

9. Existing Tenancy Agreements: Copies of any existing lease agreements if applicable

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