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Agreement Of Purchase And Sale Condominium Resale
I need an Agreement Of Purchase And Sale Condominium Resale for a luxury Copenhagen property with a purchase price of 5.2M DKK, including provisions for a phased payment structure with the final installment due March 15, 2025, and specific clauses about the included high-end appliances and parking spaces.
1. Parties: Identification of the seller and purchaser with full legal names, addresses, and civil registration numbers (CPR)
2. Background: Context of the transaction and brief description of the condominium property
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the condominium unit, including unit number, floor area, and share of common property
5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements
6. Payment Terms: Schedule of payments, including deposit, balance, and any adjustments
7. Closing Date: Specified date for completion of the transaction and transfer of ownership
8. Property Condition: Current condition of the property and any known defects as required by Danish Consumer Protection laws
9. Common Expenses: Details of ongoing common expenses and maintenance fees
10. Transfer of Ownership: Process and requirements for legal transfer of title
11. Representations and Warranties: Standard declarations by both parties regarding property and capacity to enter agreement
12. Due Diligence Period: Timeframe and conditions for buyer's investigation of property
13. Closing Conditions: Requirements that must be met before closing can occur
14. Default and Remedies: Consequences of breach by either party
15. Notices: How and where formal communications between parties should be made
16. Governing Law: Confirmation of Danish law application and jurisdiction
17. Execution: Signature blocks and execution requirements
1. Mortgage Financing: Include when purchaser requires mortgage financing, detailing conditions and deadlines
2. Property Improvements: Include when specific improvements are agreed to be completed before closing
3. Rental Status: Include if property is currently tenanted or has existing rental agreements
4. Parking and Storage: Include when separate parking spaces or storage units are included in sale
5. Special Assessments: Include when there are pending or approved special assessments by the condominium association
6. Property Management: Include when specific property management arrangements need to be addressed
7. Insurance Requirements: Include when specific insurance arrangements need to be detailed
8. Environmental Matters: Include when environmental issues or requirements need to be addressed
1. Schedule A - Property Details: Detailed legal description of property and included fixtures/fittings
2. Schedule B - Condominium Documents: Copies of condominium declaration, bylaws, and rules
3. Schedule C - Financial Statements: Recent financial statements of the condominium association
4. Schedule D - Property Condition Report: Mandatory property condition report as required by Danish law
5. Schedule E - Energy Performance Certificate: Mandatory energy rating certificate (energimærkning)
6. Schedule F - Property Inspection Report: Technical inspection report if completed
7. Schedule G - Common Expenses Statement: Detailed breakdown of common expenses and reserves
8. Schedule H - Permitted Encumbrances: List of registered encumbrances and easements
9. Appendix 1 - Floor Plans: Official floor plans and area calculations
10. Appendix 2 - Recent Photographs: Current photographs of the property and common areas
Authors
Real Estate
Legal Services
Financial Services
Insurance
Property Management
Construction
Banking
Property Development
Professional Services
Residential Housing
Legal
Real Estate Operations
Compliance
Sales
Property Management
Risk Management
Documentation
Due Diligence
Transaction Support
Contract Administration
Real Estate Agent
Property Lawyer
Legal Counsel
Property Manager
Mortgage Advisor
Real Estate Transaction Manager
Compliance Officer
Property Assessor
Real Estate Broker
Contract Administrator
Legal Document Specialist
Property Sales Manager
Real Estate Operations Manager
Title Officer
Due Diligence Specialist
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