Simple Vacant Land Purchase Agreement

Simple Vacant Land Purchase Agreement Template for Denmark

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Document background

The Simple Vacant Land Purchase Agreement is a fundamental legal document used in Danish real estate transactions for the transfer of undeveloped property. This agreement is particularly relevant when parties need a straightforward but comprehensive framework for buying and selling vacant land, whether for personal use, development, or investment purposes. It incorporates key requirements under Danish property law, including compliance with the Registration of Property Act, Planning Act, and relevant municipal regulations. The document is designed to protect both buyers' and sellers' interests while ensuring the transaction meets all legal requirements for property registration in Denmark. It includes essential provisions for due diligence, environmental considerations, and development potential, making it suitable for various types of vacant land transactions, from small residential plots to larger commercial or agricultural properties.

Suggested Sections

1. Parties: Identification and details of the Seller and Buyer, including full legal names, addresses, and registration numbers if companies

2. Background: Brief context of the transaction and acknowledgment of the parties' intention to enter into the agreement

3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, etc.

4. Property Description: Detailed description of the vacant land including cadastral number, area, location, and boundaries

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

6. Due Diligence: Buyer's right to investigate the property, including soil conditions, zoning, and permits

7. Conditions Precedent: Essential conditions that must be met before the sale can proceed, including financing and municipal approvals

8. Completion: Process and requirements for completing the sale, including registration and transfer of title

9. Seller's Warranties: Seller's representations regarding property ownership, encumbrances, and known defects

10. Tax Matters: Allocation of property taxes and other tax-related obligations

11. Costs: Distribution of transaction costs between parties

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

Optional Sections

1. Environmental Conditions: Specific provisions regarding known environmental issues or contamination, used when there are environmental concerns

2. Development Rights: Details of existing development rights or restrictions, included when specific development potential is a key factor

3. Access Rights: Provisions regarding access to the property through neighboring land, used when direct road access is not available

4. Mineral Rights: Provisions regarding any mineral rights retention or transfer, included when relevant to the specific property

5. Agricultural Provisions: Special provisions related to agricultural land use and regulations, included for agricultural zoned land

6. Utilities: Information about existing or potential utility connections, included when relevant for future development

Suggested Schedules

1. Property Plan: Cadastral map and property boundaries

2. Title Documentation: Copy of current title registration (tingbogsattest)

3. Zoning Certificate: Current zoning status and permitted uses from municipality

4. Environmental Reports: Any existing environmental surveys or soil reports

5. Property Tax Assessment: Current property tax assessment and payment status

6. Technical Due Diligence: Reports on technical investigations of the property

7. Local Plan Excerpts: Relevant excerpts from applicable local development plans

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