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Real Estate Sales Agreement Template for Denmark

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Key Requirements PROMPT example:

Real Estate Sales Agreement

Document background
The Real Estate Sales Agreement is a fundamental legal document used in Danish property transactions to formalize the transfer of real estate ownership. It is essential for both residential and commercial property sales in Denmark, incorporating specific requirements under Danish property law, consumer protection legislation, and registration regulations. The agreement must comply with the Danish Formation of Contracts Act and the Registration of Property Act, among other relevant legislation. It includes mandatory elements such as energy performance certificates, property condition reports, and specific consumer protection provisions. This document is typically prepared following initial negotiations and due diligence, serving as the definitive agreement that governs all aspects of the property transfer, from payment terms to closing conditions. The Real Estate Sales Agreement is crucial for ensuring legal certainty and protecting the interests of both parties in Danish property transactions.
Suggested Sections

1. Parties: Identification and details of the seller and buyer, including names, addresses, and civil registration numbers (CPR)

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

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

4. Property Description: Detailed description of the property including address, land registry details, size, and included fixtures and fittings

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

6. Payment Terms: Schedule of payments, including deposit, down payment, and final payment details

7. Transfer of Ownership: Conditions and timing for the transfer of legal ownership and registration in the land registry

8. Closing Date and Possession: Specified date for closing and transfer of possession

9. Property Condition: Current condition of the property, known defects, and any agreed repairs

10. Seller's Warranties: Warranties regarding property ownership, encumbrances, and disclosed defects

11. Due Diligence: Buyer's inspection rights and documentation review process

12. Property Charges: Allocation of property taxes, utilities, and other ongoing charges

13. Insurance: Requirements for property insurance during the transfer period

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

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

16. Signatures: Execution provisions and signature blocks

Optional Sections

1. Mortgage Assumption: Terms for the buyer's assumption of existing mortgages, if applicable

2. Tenant Rights: Details of existing tenancies and their treatment, if the property is currently leased

3. Construction Requirements: Specific provisions for properties under construction or requiring renovation

4. Environmental Matters: Special provisions for properties with environmental concerns or requirements

5. Property Management: Interim management arrangements between agreement and closing

6. Broker Provisions: Details of real estate broker involvement and commission arrangements

7. Tax Implications: Special tax considerations or structured payment arrangements

8. Contingencies: Specific conditions that must be met before closing, such as financing or sale of buyer's current property

Suggested Schedules

1. Property Details: Detailed technical description of the property, including floor plans and land survey

2. Title Documents: Copy of land registry extract and title documentation

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

4. Property Condition Report: Tilstandsrapport (condition survey) and elektricitetsrapport

5. Insurance Documentation: Details of existing insurance and claims history

6. Property Charges Statement: Statement of current property taxes and utilities

7. Fixtures and Fittings List: Detailed inventory of items included/excluded in the sale

8. Planning Documents: Relevant zoning certificates and planning permissions

9. Environmental Reports: Any environmental surveys or certifications

10. Mortgage Documentation: Details of existing mortgages and release arrangements

Authors

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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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