The Real Property Sales Contract is a fundamental legal document used in Danish real estate transactions to formalize the transfer of property ownership. It is essential for any real estate transaction in Denmark, whether involving residential, commercial, or industrial properties. The document must comply with Danish property law, including the Danish Registration of Property Act, Sale of Goods Act principles, and specific requirements for property transfers. It includes mandatory elements such as energy performance certificates, property condition reports, and insurance details. This contract type is crucial for ensuring legal certainty in property transactions and protecting both buyers' and sellers' interests under Danish jurisdiction. It serves as the primary reference document for the transaction terms and is required for property registration with the Danish Land Registry.
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Key Requirements PROMPT example:
Real Property Sales Contract
I need a Real Property Sales Contract for the purchase of a commercial warehouse in Copenhagen, Denmark, with a planned closing date of March 15, 2025, that includes specific provisions for existing tenant agreements and environmental compliance requirements.
1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and CPR/CVR numbers
2. Background: Context of the sale and basic information about the property
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including address, land registry number (matrikelnummer), and total area
5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements
6. Transfer of Ownership: Date of possession (overtagelsesdag) and conditions for transfer of ownership
7. Property Condition: Current condition of the property, known defects, and seller's declarations
8. Due Diligence: Buyer's inspection rights and responsibilities
9. Property Charges: Existing mortgages, property taxes, and other charges
10. Registration and Transfer: Process and responsibilities for property registration with the Land Registry
11. Seller's Warranties: Seller's representations regarding the property's condition and legal status
12. Closing Conditions: Requirements to be met before closing the transaction
13. Costs and Expenses: Distribution of transaction costs between parties
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 or has existing tenants
2. Financing Conditions: Include when the purchase is contingent on buyer obtaining financing
3. Property Development: Needed when there are ongoing or planned development projects
4. Environmental Matters: Required for properties with known environmental issues or investigations
5. Agricultural Land: Required when the property includes agricultural land subject to special regulations
6. Business Transfer: Include when the sale includes an operating business on the property
7. Right of First Refusal: Include when there are existing rights of first refusal or when creating new ones
8. Easements: Detailed section required when significant easements affect the property
1. Property Documentation: Land registry extract (tingbogsattest) and cadastral map
2. Energy Performance Certificate: Mandatory energy rating certificate (energimærkning)
3. Property Inspection Report: Technical inspection report (tilstandsrapport)
4. Insurance Information: House owner's insurance (ejerskifteforsikring) details
5. Property Charges Statement: Overview of all charges, taxes, and utilities
6. Building Permits: Copies of existing building permits and applications
7. Floor Plans: Detailed floor plans and property measurements
8. Photographs: Recent photographs of the property
9. Environmental Reports: Any environmental surveys or assessments
10. Municipality Documents: Relevant local planning documents and restrictions
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Banking & Finance
Legal Services
Insurance
Agriculture (for rural properties)
Retail (for commercial properties)
Hospitality
Industrial & Manufacturing
Public Sector
Relevant Teams
Legal
Real Estate
Compliance
Risk Management
Corporate Development
Investment
Operations
Finance
Business Development
Property Management
Facilities
Asset Management
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Developer
Investment Manager
Facilities Manager
Real Estate Investment Analyst
Transaction Manager
Risk Manager
Corporate Counsel
Property Surveyor
Commercial Director
Asset Manager
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