Real Estate Offer Sheet

Real Estate Offer Sheet Template for Denmark

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Document background

The Real Estate Offer Sheet is a crucial document in Danish property transactions, serving as the initial formal step in the property purchase process. It is used when a potential buyer wishes to make a legally binding offer to purchase real estate in Denmark. The document incorporates essential elements required by Danish law, including detailed property identification, precise purchase terms, financing arrangements, and any conditions precedent to the sale. This offer sheet must comply with various Danish regulations, including the Formation of Contracts Act and Real Estate Business Act, and typically requires input from legal and real estate professionals. The document forms the basis for negotiation and, when accepted, becomes the foundation for the final purchase agreement. It is particularly important in the Danish context as it must address specific local requirements such as energy certification, property condition reports, and mortgage financing arrangements typical in Danish real estate transactions.

Suggested Sections

1. Parties: Identification of the potential buyer (offeror) and seller (offeree), including full legal names, addresses, and contact information

2. Background: Brief context of the offer, including how the buyer became aware of the property and any prior discussions

3. Definitions: Key terms used throughout the offer sheet, ensuring clarity and preventing misinterpretation

4. Property Details: Complete description of the property, including address, land registry details, property ID number (BBR number), and size

5. Purchase Price: The offered amount, currency, and payment terms

6. Financing Terms: Details of how the purchase will be financed, including any mortgage requirements or cash payment specifications

7. Deposit Terms: Amount, timing, and conditions of the deposit payment

8. Closing Date: Proposed date for completing the transaction and transferring ownership

9. Due Diligence Period: Timeframe and conditions for conducting property inspections and document reviews

10. Offer Validity: Period during which the offer remains valid and binding

11. Acceptance Process: How and when the seller must communicate acceptance of the offer

Optional Sections

1. Contingencies: Specific conditions that must be met for the offer to be binding, such as successful mortgage approval or sale of current property

2. Fixtures and Fittings: Detailed list of items included or excluded from the sale, used when there are specific items to negotiate

3. Tenant Rights: Information about existing tenants and their rights, included when the property is currently leased

4. Development Rights: Details about potential development or renovation permissions, included when relevant to the property's future use

5. Environmental Conditions: Specific environmental considerations or requirements, included when environmental issues are present

6. Property Usage Restrictions: Any specific restrictions on property use, included when special regulations apply

7. Maintenance Agreement: Specific arrangements for property maintenance before closing, included when relevant

Suggested Schedules

1. Property Floor Plan: Official floor plan showing the layout and dimensions of the property

2. Land Registry Extract: Current extract from the Danish Land Registry showing ownership and encumbrances

3. Property Condition Report: Recent tilstandsrapport or home inspection report

4. Energy Performance Certificate: Current energimærkning showing the property's energy rating

5. Property Tax Assessment: Recent property tax assessment and payment history

6. Insurance Information: Details of current property insurance and claims history

7. Photographs: Recent photographs of the property and any specific features referenced in the offer

8. BBR Extract: Building and Housing Registry (BBR) information showing official property details

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