Real Estate Contract Of Sale

Real Estate Contract Of Sale Template for Denmark

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Document background

The Real Estate Contract of Sale is a fundamental legal document used in Danish property transactions to formalize the transfer of real estate ownership. This contract type is essential for both residential and commercial property sales in Denmark, incorporating specific requirements under Danish property law. It serves as the primary agreement documenting the terms and conditions of the sale, including property details, price, payment terms, and various mandatory disclosures required by Danish legislation. The document must comply with the Danish Sale of Real Property Act and Registration Act, requiring specific technical reports, energy certificates, and property condition assessments. It's designed to protect both buyers and sellers while ensuring compliance with Danish property registration requirements and consumer protection laws.

Suggested Sections

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

2. Background: Brief context of the transaction and property history

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the property including address, land registry number (matrikelnummer), and registered area

5. Purchase Price: Statement of the total purchase price, deposit requirements, and payment schedule

6. Financing: Details of how the purchase will be financed, including any existing mortgages to be assumed or discharged

7. Condition of Property: Description of the property's current condition and any known defects

8. Transfer of Possession: Date of possession transfer and related practical arrangements

9. Registration and Title: Provisions regarding legal registration of ownership transfer and title deed arrangements

10. Expenses and Taxes: Allocation of transaction costs, property taxes, and utility charges

11. Insurance: Requirements for property insurance during the transition period

12. Representations and Warranties: Standard warranties from both parties regarding their authority to enter into the agreement and property condition

13. Default and Remedies: Consequences of breach by either party and available remedies

14. Governing Law: Confirmation of Danish law as governing law and jurisdiction

15. Signatures: Execution blocks for all parties and witnesses

Optional Sections

1. Tenant Rights: Required if the property is currently leased, detailing existing tenancy agreements and their handling

2. Development Rights: Needed if there are unused building rights or pending development applications

3. Environmental Matters: Required if there are known environmental issues or contamination

4. Easements and Restrictions: Required if specific easements or use restrictions affect the property

5. Chattels and Fixtures: Needed if specific items of personal property are included or excluded from the sale

6. Planning Permissions: Required if there are ongoing planning applications or specific zoning considerations

7. Agricultural Land: Required for properties with agricultural land, addressing specific regulations

8. Protected Buildings: Needed if the property is listed or subject to preservation orders

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property including exact measurements and boundaries

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

3. Property Condition Report: Technical due diligence report (Tilstandsrapport)

4. Electricity Installation Report: Mandatory electrical installation inspection report (El-installationsrapport)

5. Land Registry Extract: Current extract from the Land Registry (Tingbogsattest)

6. Property Tax Assessment: Current property tax assessment and payment status

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

8. Cadastral Map: Official property boundary map from the Danish Geodata Agency

9. Local Plan Extracts: Relevant extracts from applicable local planning documents

10. Utility Consumption Statement: Historical utility consumption data and expenses

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Real Estate Contract Of Sale Template for Denmark

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