The House Buying Contract is a fundamental legal document used in Danish residential property transactions. It serves as the primary agreement between parties when transferring ownership of residential property in Denmark, incorporating specific requirements under Danish property law such as mandatory property inspections, energy certificates, and Land Registry procedures. This contract is essential for both private and professional property transactions, providing a structured framework that ensures compliance with Danish regulations while protecting both buyer and seller interests. The document includes crucial details about the property, financial terms, conditions of sale, and completion requirements, making it indispensable for real estate transactions in Denmark. It must be drafted in accordance with the Danish Sale of Goods Act, Formation of Contracts Act, and other relevant property legislation.
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Key Requirements PROMPT example:
House Buying Contract
I need a Danish House Buying Contract for purchasing a historical property in Copenhagen that includes special provisions for protected architectural features and existing tenants, with completion planned for March 2025.
1. Parties: Identification and details of the buyer and seller, including full legal names, addresses, and civil registration numbers (CPR)
2. Background: Brief context of the transaction and confirmation that the seller is the rightful owner of the property
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Completion Date', 'Purchase Price', etc.
4. Property Details: Complete description of the property including address, land registry details, plot number, and size
5. Purchase Price: The agreed purchase price, payment structure, and deposit requirements
6. Payment Terms: Detailed payment schedule, including deposit, mortgage arrangements, and final payment procedures
7. Condition of Property: Current state of the property, including any known defects and results of property inspection
8. Energy Certificate: Details of the mandatory energy performance certificate and rating
9. Transfer of Ownership: Terms for legal transfer of title and registration in the Land Registry
10. Completion: Process and requirements for completion, including timing and handover of keys
11. Seller's Warranties: Standard warranties regarding property ownership, encumbrances, and disclosed information
12. Insurance: Requirements for property insurance during the transition period
13. Costs and Taxes: Allocation of transaction costs, registration fees, and property taxes
14. Governing Law: Confirmation that the agreement is governed by Danish law
1. Tenant Rights: Required if the property is currently tenanted, detailing existing tenancy agreements and transfer of obligations
2. Mortgage Assumption: Used when the buyer is taking over existing mortgages from the seller
3. Fixtures and Fittings: Detailed list of items included/excluded in the sale when there are specific agreements about movable items
4. Renovation Requirements: Needed when specific renovations are agreed to be completed before completion
5. Third-Party Rights: Required when there are easements, rights of way, or other third-party rights affecting the property
6. Property Association Membership: Required for properties within housing associations or shared communities
7. Building Permits: Necessary when there are ongoing building works or pending permit applications
1. Property Inspection Report: Full technical survey report detailing property condition and any identified issues
2. Energy Performance Certificate: Official energy rating certificate and recommendations
3. Land Registry Extract: Current official extract showing ownership and encumbrances
4. Property Plans: Official property plans and measurements
5. Inventory List: Detailed list of fixtures, fittings, and other items included in the sale
6. Property Insurance Details: Current insurance policy details and claims history
7. Property Charges: Details of current property taxes, utilities, and other regular charges
8. Planning Documents: Relevant planning permissions and restrictions affecting the property
9. Photos: Dated photographs documenting the condition of the property at the time of sale
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Legal Services
Financial Services
Banking
Insurance
Property Development
Construction
Property Management
Public Sector
Mortgage Services
Relevant Teams
Legal
Real Estate
Conveyancing
Property Management
Risk and Compliance
Mortgage Services
Insurance
Contract Administration
Property Development
Customer Relations
Relevant Roles
Real Estate Agent
Property Lawyer
Conveyancing Lawyer
Bank Manager
Mortgage Advisor
Property Inspector
Legal Counsel
Contract Manager
Property Manager
Real Estate Director
Compliance Officer
Risk Manager
Property Developer
Estate Agent
Housing Association Manager
Property Valuer
Insurance Underwriter
Municipal Planning Officer
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