Real Property Sales Contract

Real Property Sales Contract Template for Denmark

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Document background

The Real Property Sales Contract is a fundamental legal document used in Danish real estate transactions to formalize the transfer of property ownership. It is essential for any real estate transaction in Denmark, whether involving residential, commercial, or industrial properties. The document must comply with Danish property law, including the Danish Registration of Property Act, Sale of Goods Act principles, and specific requirements for property transfers. It includes mandatory elements such as energy performance certificates, property condition reports, and insurance details. This contract type is crucial for ensuring legal certainty in property transactions and protecting both buyers' and sellers' interests under Danish jurisdiction. It serves as the primary reference document for the transaction terms and is required for property registration with the Danish Land Registry.

Suggested Sections

1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and CPR/CVR numbers

2. Background: Context of the sale and basic information about the property

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the property including address, land registry number (matrikelnummer), and total area

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

6. Transfer of Ownership: Date of possession (overtagelsesdag) and conditions for transfer of ownership

7. Property Condition: Current condition of the property, known defects, and seller's declarations

8. Due Diligence: Buyer's inspection rights and responsibilities

9. Property Charges: Existing mortgages, property taxes, and other charges

10. Registration and Transfer: Process and responsibilities for property registration with the Land Registry

11. Seller's Warranties: Seller's representations regarding the property's condition and legal status

12. Closing Conditions: Requirements to be met before closing the transaction

13. Costs and Expenses: Distribution of transaction costs between parties

14. Governing Law: Confirmation of Danish law application and jurisdiction

15. Signatures: Execution provisions and signature blocks

Optional Sections

1. Tenant Rights: Required when the property is currently leased or has existing tenants

2. Financing Conditions: Include when the purchase is contingent on buyer obtaining financing

3. Property Development: Needed when there are ongoing or planned development projects

4. Environmental Matters: Required for properties with known environmental issues or investigations

5. Agricultural Land: Required when the property includes agricultural land subject to special regulations

6. Business Transfer: Include when the sale includes an operating business on the property

7. Right of First Refusal: Include when there are existing rights of first refusal or when creating new ones

8. Easements: Detailed section required when significant easements affect the property

Suggested Schedules

1. Property Documentation: Land registry extract (tingbogsattest) and cadastral map

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

3. Property Inspection Report: Technical inspection report (tilstandsrapport)

4. Insurance Information: House owner's insurance (ejerskifteforsikring) details

5. Property Charges Statement: Overview of all charges, taxes, and utilities

6. Building Permits: Copies of existing building permits and applications

7. Floor Plans: Detailed floor plans and property measurements

8. Photographs: Recent photographs of the property

9. Environmental Reports: Any environmental surveys or assessments

10. Municipality Documents: Relevant local planning documents and restrictions

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