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The Seller Financing Contract is utilized when traditional bank financing is either not preferred or not available for a property transaction in Denmark. This document serves as both a purchase agreement and a financing arrangement, typically used in situations where sellers are willing to accept periodic payments instead of a lump sum payment for their property. The contract must comply with Danish property law, the Danish Contracts Act, and relevant financial regulations. It includes detailed terms about the property transfer, financing conditions, security arrangements, and payment obligations. The document is particularly relevant in situations where buyers seek alternative financing options or when sellers want to generate ongoing income from the property sale. The agreement must be structured to protect both parties' interests while ensuring enforceability under Danish law.

1. Parties: Identification of the seller (financier) and buyer (borrower), including full legal names, addresses, and registration numbers if applicable

2. Background: Context of the transaction, including the seller's ownership of the property and the buyer's desire to purchase with seller financing

3. Definitions: Key terms used throughout the agreement, including Property, Purchase Price, Loan Amount, Interest Rate, and Payment Terms

4. Property Description: Detailed description of the property being sold, including address, land registry details, and property identification numbers

5. Purchase Price and Financing Terms: Total purchase price, down payment, loan amount, interest rate, and amortization schedule

6. Payment Terms: Details of payment frequency, method of payment, and consequences of late or missed payments

7. Security Arrangements: Description of the mortgage or other security interests being granted to the seller

8. Title Transfer: Process and timing of property title transfer and registration requirements

9. Representations and Warranties: Statements of fact and promises made by both parties regarding their capacity, authority, and the property's condition

10. Insurance and Maintenance: Requirements for property insurance and maintenance obligations of the buyer

11. Default and Remedies: Definition of default events and the seller's remedies, including foreclosure rights

12. Costs and Taxes: Allocation of transaction costs, registration fees, and ongoing property taxes

13. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes

14. Notices: Process for formal communications between parties

15. Signatures: Execution blocks for all parties and witnesses if required