Agreement To Sell (Real Estate) Template for Denmark

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Key Requirements PROMPT example:

Agreement To Sell (Real Estate)

I need an Agreement To Sell (Real Estate) for a commercial property in Copenhagen, Denmark, with existing tenants and special provisions for environmental compliance, scheduled to close by March 2025.

Document background
The Agreement To Sell (Real Estate) is a crucial legal document used in Danish property transactions to formalize the transfer of real estate ownership. This agreement is essential when any party wishes to sell or purchase real property in Denmark, whether for residential, commercial, or industrial purposes. It must comply with various Danish regulations, including the Danish Formation of Contracts Act, the Danish Registration of Property Act, and specific real estate legislation. The document typically includes mandatory elements such as energy performance certificates, property condition reports, and land registry information. It serves as the primary contract governing the rights and obligations of both parties throughout the transaction process, from initial agreement through to final closing and registration. The agreement must be drafted to ensure compliance with Danish consumer protection laws when applicable, and include all necessary disclosures and warranties required under Danish property law.
Suggested Sections

1. Parties: Identification of the seller and buyer with full legal names, addresses, and registration numbers (if applicable)

2. Background: Brief context of the transaction and property overview

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property including address, land registry details, cadastral number, and size

5. Purchase Price: Specified purchase price, payment terms, and deposit requirements

6. Payment Terms: Detailed structure of payments including deposit, financing arrangements, and final settlement

7. Closing Date and Conditions: Specified closing date and conditions precedent for completion

8. Property Condition: Current condition of the property, known defects, and as-is provisions

9. Seller's Warranties: Warranties regarding property ownership, encumbrances, and disclosed information

10. Due Diligence: Buyer's inspection rights and due diligence process

11. Transfer of Risk and Insurance: Timing of risk transfer and insurance obligations

12. Closing Process: Detailed closing procedures, document requirements, and registration process

13. Tax Matters: Allocation of property taxes, registration fees, and other tax obligations

14. Governing Law and Jurisdiction: Specification of Danish law application and jurisdiction

15. Signatures: Execution blocks for all parties

Optional Sections

1. Tenant Rights: Required when the property is currently leased, detailing tenant rights and obligations

2. Mortgage Assumption: Used when existing mortgages are being assumed by the buyer

3. Renovation Requirements: Included when specific renovations are agreed to be completed before closing

4. Property Management: Required for properties with shared facilities or management arrangements

5. Environmental Matters: Detailed section when environmental issues are identified or special assessments required

6. Broker Provisions: Including when real estate brokers are involved in the transaction

7. Furniture and Fixtures: Used when specific movable items are included in the sale

8. Development Rights: Required when the property has unused development potential or pending applications

Suggested Schedules

1. Property Details Schedule: Detailed technical description of the property including boundaries and fixtures

2. Energy Performance Certificate: Mandatory energy label certificate (energimærkning)

3. Property Inspection Report: Technical inspection report (tilstandsrapport)

4. Insurance Information: Details of existing insurance and claims history

5. Land Registry Extract: Current extract from the Danish Land Registry (tingbogsattest)

6. Property Tax Assessment: Current property tax assessment and payment history

7. Environmental Reports: Any environmental surveys or soil contamination reports

8. Floor Plans and Surveys: Current floor plans and property surveys

9. Utility Certificates: Certificates regarding utility connections and consumption history

10. Building Permits: Copies of relevant building permits and certificates of occupancy

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

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Property Development

Construction

Banking & Finance

Legal Services

Insurance

Property Management

Urban Planning

Environmental Services

Professional Services

Relevant Teams

Legal

Real Estate

Compliance

Risk Management

Property Management

Acquisitions

Due Diligence

Corporate Affairs

Investment

Operations

Finance

Contract Administration

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Property Developer

Compliance Officer

Transaction Manager

Contract Manager

Real Estate Investment Manager

Property Acquisition Manager

Due Diligence Specialist

Real Estate Portfolio Manager

Risk Manager

Corporate Counsel

Property Valuation Specialist

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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