The Real Estate Sales Agreement Contract is a fundamental legal document used in Danish property transactions to formalize the transfer of real estate ownership. It is essential for both residential and commercial property sales in Denmark, incorporating specific requirements under Danish property law, including mandatory energy certificates, property inspection reports, and land registry documentation. This contract type is used whenever real estate property is bought or sold in Denmark, whether between private individuals, companies, or a combination of both. The agreement must comply with Danish legal requirements including the Formation of Contracts Act, Property Formation Act, and Real Estate Agents Act, among others. It includes crucial information about the property, parties involved, purchase price, transfer conditions, warranties, and obligations, while also addressing specific Danish requirements for property registration and transfer.
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Key Requirements PROMPT example:
Real Estate Sales Agreement Contract
I need a Real Estate Sales Agreement Contract under Danish law for the sale of a commercial warehouse property in Copenhagen, with specific provisions for existing tenant rights and environmental compliance requirements, planned for completion in March 2025.
1. Parties: Identification and details of the seller and buyer, including names, addresses, and civil registration numbers (CPR)
2. Background: Context of the sale and brief property overview
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including address, land registry details, size, and included fixtures and fittings
5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements
6. Transfer Date: Agreed date for property handover and risk transfer
7. Condition of Property: Current state of the property, known defects, and results of property inspection
8. Seller's Warranties: Seller's representations regarding property ownership, encumbrances, and disclosed defects
9. Buyer's Obligations: Buyer's commitments including financing arrangements and due diligence
10. Registration and Transfer: Process for legal registration of ownership transfer and associated costs
11. Property Charges: Allocation of property taxes, utilities, and other ongoing charges
12. Insurance: Insurance requirements and transfer of insurance responsibilities
13. Default and Remedies: Consequences of breach by either party and available remedies
14. Governing Law: Confirmation of Danish law application and jurisdiction
15. Signatures: Execution provisions and signature blocks
1. Tenant Rights: Required when the property is currently leased, detailing existing tenant agreements and rights
2. Renovation Requirements: Include when specific repairs or renovations are agreed as part of the sale
3. Environmental Conditions: Required when there are known environmental issues or specific environmental warranties
4. Planning Permissions: Include when future development plans or pending permissions are relevant to the sale
5. Mortgage Assumption: Required when existing mortgages are being transferred to the buyer
6. Property Management: Include for properties with shared facilities or homeowners' association
7. Furniture and Fixtures: Required when specific movable items are included in the sale
8. Construction Warranty: Include for newly built properties or recent major renovations
1. Property Plan: Official property drawings and land registry maps
2. Energy Performance Certificate: Mandatory energy rating certificate (Energimærkning)
3. Property Inspection Report: Technical inspection report (Tilstandsrapport)
4. Owner's Insurance Declaration: House owner's insurance information (Ejerskifteforsikring)
5. Land Registry Extract: Current extract from the Danish Land Registry (Tingbogsattest)
6. Property Valuation: Official property valuation and assessment
7. Utility Statements: Recent utility bills and consumption history
8. Building Permits: Copies of relevant building permits and certificates
9. Community Regulations: Applicable homeowners' association rules or bylaws
10. Property Photographs: Documented condition of property at time of sale
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Property Development
Banking & Finance
Legal Services
Insurance
Property Management
Urban Planning
Architecture
Facilities Management
Relevant Teams
Legal
Real Estate
Property Management
Compliance
Risk Management
Finance
Investment
Operations
Business Development
Due Diligence
Relevant Roles
Real Estate Agent
Property Lawyer
Legal Counsel
Property Manager
Contract Manager
Real Estate Developer
Property Surveyor
Mortgage Advisor
Insurance Broker
Compliance Officer
Property Investment Manager
Real Estate Portfolio Manager
Facilities Manager
Transaction Manager
Due Diligence Specialist
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