Agreement Of Purchase And Sale Condominium Resale Template for Denmark

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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.

Document background

The Agreement Of Purchase And Sale Condominium Resale is a comprehensive legal document used in Denmark for transactions involving pre-owned condominium units. This agreement is essential when transferring ownership of a condominium unit from an existing owner to a new buyer, ensuring compliance with Danish property law, consumer protection regulations, and condominium-specific legislation. The document includes mandatory disclosures, property condition reports, and energy performance certificates as required by Danish law. It addresses both the transfer of the individual unit and the buyer's rights and obligations within the condominium association. The agreement is structured to protect both parties' interests while meeting all legal requirements for property registration and transfer in Denmark.

Suggested Sections

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

Optional Sections

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

Suggested Schedules

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 (energimÃƒÂ¦rkning)

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Legal Services

Financial Services

Insurance

Property Management

Construction

Banking

Property Development

Professional Services

Residential Housing

Relevant Teams

Legal

Real Estate Operations

Compliance

Sales

Property Management

Risk Management

Documentation

Due Diligence

Transaction Support

Contract Administration

Relevant Roles

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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Let's create your Agreement Of Purchase And Sale Condominium Resale

Authors

Alex Denne

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