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Real Estate Buyout Agreement
1. Parties: Identification of the buyer and seller with full legal names, addresses, and registration numbers if applicable
2. Background: Context of the transaction, including brief property description and purpose of the agreement
3. Definitions: Key terms used throughout the agreement, including property definition, closing date, and other relevant terms
4. Property Description: Detailed description of the property including address, land registry details, and cadastral number
5. Purchase Price: Specified purchase price, payment structure, and deposit requirements
6. Payment Terms: Detailed payment schedule, method of payment, and escrow arrangements
7. Due Diligence: Buyer's right to investigate the property and related documentation
8. Seller's Warranties: Seller's representations regarding property ownership, condition, and liabilities
9. Buyer's Warranties: Buyer's representations regarding financial capacity and understanding of purchase terms
10. Closing Conditions: Prerequisites for completing the transaction, including financing and documentation requirements
11. Closing Procedure: Step-by-step process for completing the transaction
12. Transfer of Risk and Insurance: Timing of risk transfer and insurance requirements
13. Tax and Costs: Allocation of transaction costs, taxes, and registration fees
14. Governing Law and Jurisdiction: Specification of Danish law application and jurisdiction
15. Signatures: Execution blocks for all parties and witnesses if required
1. Existing Tenancies: Required when the property has existing tenants, detailing their rights and treatment post-sale
2. Mortgage Assumption: Include when buyer is assuming existing mortgages from seller
3. Property Management Transition: Required for commercial properties with ongoing management contracts
4. Environmental Conditions: Include when there are known environmental issues or investigations
5. Renovation Requirements: Include when specific renovations are agreed as part of the sale
6. Third-Party Rights: Required when there are easements, rights of way, or other third-party interests
7. Post-Closing Occupancy: Include when seller requires temporary post-closing occupancy
8. Furniture and Fixtures: Required when sale includes specific furniture or fixtures
9. Development Rights: Include when transfer includes specific development or building rights
10. Condition Precedents: Include when sale is subject to specific conditions being met
1. Property Details Schedule: Detailed technical description of the property, including measurements and specifications
2. Title Documents: Copies of relevant title documents and land registry extracts
3. Property Inspection Report: Technical assessment of property condition
4. Existing Tenancy Agreements: Copies of all current lease agreements if applicable
5. Financial Statements: Property-related financial information including operating costs and income
6. Environmental Reports: Any environmental assessments or investigations
7. Building Permits: Copies of existing building permits and certificates
8. Property Plans: Floor plans, site plans, and technical drawings
9. Inventory List: Detailed list of included furniture, fixtures, and equipment
10. Insurance Certificates: Current property insurance documentation
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