Document background
A Real Estate Term Sheet is a crucial preliminary document used in Danish property transactions to establish the framework for negotiations and subsequent documentation. It is typically prepared after initial discussions between parties but before detailed due diligence and final contract preparation. The document captures key commercial terms, conditions, and timelines while considering Danish legal requirements and market practices. The term sheet usually includes essential information about the property, financial terms, conditions precedent, and process requirements, while remaining largely non-binding to allow flexibility in negotiations. This document type is particularly important in the Danish real estate market, where property transactions must comply with specific local regulations regarding registration, mortgage financing, and property transfer procedures.
