The Contract To Sell (Real Estate) is a fundamental legal document used in Danish property transactions to formalize the transfer of real estate ownership. This document is essential when any party (individual or corporate) wishes to sell real estate property in Denmark, ensuring compliance with Danish property law, including the Danish Formation of Contracts Act and Property Act. The contract includes mandatory elements such as property details, energy certification, condition reports, and specific Danish legal requirements for property transfers. It's designed to protect both parties' interests while ensuring the transaction meets all regulatory requirements for property registration and transfer under Danish jurisdiction. The document becomes necessary as soon as parties agree to proceed with a property sale and remains active until the final property transfer is completed and registered with the Danish Land Registry.
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Key Requirements PROMPT example:
Contract To Sell (Real Estate)
I need a Contract To Sell (Real Estate) for a standard residential property sale in Copenhagen, with a closing date of March 15, 2025, including standard warranties and tenant-free possession requirements.
1. Parties: Identification of the seller and buyer with full legal names, addresses, and CPR/CVR numbers as required under Danish law
2. Background: Context of the sale and brief description of the property being sold
3. Definitions: Key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, land registry details, cadastral number, and size
5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements
6. Payment Terms: Detailed payment schedule, including deposit, mortgage arrangements, and final settlement
7. Closing Date and Possession: Date of closing (overtagelsesdag) and transfer of possession
8. Property Condition: Current condition of the property and any known defects as required by Danish law
9. Seller's Warranties: Standard warranties regarding ownership, encumbrances, and property condition
10. Due Diligence: Buyer's inspection rights and documentation review period
11. Registration and Transfer: Process for legal registration of ownership transfer
12. Costs and Taxes: Allocation of transaction costs, registration fees, and property taxes
13. Governing Law: Confirmation of Danish law application and jurisdiction
14. Signatures: Execution blocks for all parties and witnesses if required
1. Mortgage Assumption: Terms for assuming existing mortgages, if applicable
2. Tenant Rights: Details of existing tenancy agreements if the property is currently leased
3. Fixtures and Fittings: Detailed list of items included/excluded in the sale beyond standard fixtures
4. Environmental Matters: Specific environmental considerations or known issues
5. Development Rights: Any existing or pending development rights or restrictions
6. Property Management: Interim management arrangements between contract and closing
7. Construction Completion: For new builds or properties under renovation, terms for completion
8. Right of First Refusal: Any pre-emptive rights granted to specific parties
1. Property Description Schedule: Detailed technical description of the property including boundaries and measurements
2. Title Documents: Copies of current title registration and cadastral map
3. Energy Performance Certificate: Mandatory energy rating certificate (energimærkning)
4. Property Condition Report: Tilstandsrapport as required by Danish law
5. Insurance Information: Details of existing building insurance and options for transfer
6. Property Charges: List of ongoing charges, property taxes, and utility connections
7. Fixtures and Fittings List: Detailed inventory of items included in the sale
8. Land Registry Extract: Current extract from the Danish Land Registry showing encumbrances
9. Building Permits: Copies of relevant building permits and certificates
10. Property Plans: Floor plans and site plans of the property
Authors
Relevant legal definitions
Agreement
Property
Purchase Price
Deposit
Closing Date
Transfer Date
Possession Date
Deed of Transfer
Land Registry
Cadastral Number
Title Documents
Encumbrances
Property Condition Report
Energy Performance Certificate
Due Diligence Period
Business Day
Force Majeure
Fixtures and Fittings
Building Components
Registration Fees
Stamp Duty
Property Charges
Utilities
Common Areas
Property Insurance
Mortgage Deed
Settlement Statement
Title Insurance
Deposit Holder
Real Estate Agent
Property Surveyor
Building Regulations
Environmental Laws
Permitted Use
Planning Permissions
Developer Rights
Easements
Property Taxes
Inspection Period
Material Adverse Change
Completion
Working Day
Bank Guarantee
Representations and Warranties
Land Plot
Building Area
Usable Area
Public Records
Existing Tenancies
Building Standards
Signing Date
Property
Purchase Price
Deposit
Closing Date
Transfer Date
Possession Date
Deed of Transfer
Land Registry
Cadastral Number
Title Documents
Encumbrances
Property Condition Report
Energy Performance Certificate
Due Diligence Period
Business Day
Force Majeure
Fixtures and Fittings
Building Components
Registration Fees
Stamp Duty
Property Charges
Utilities
Common Areas
Property Insurance
Mortgage Deed
Settlement Statement
Title Insurance
Deposit Holder
Real Estate Agent
Property Surveyor
Building Regulations
Environmental Laws
Permitted Use
Planning Permissions
Developer Rights
Easements
Property Taxes
Inspection Period
Material Adverse Change
Completion
Working Day
Bank Guarantee
Representations and Warranties
Land Plot
Building Area
Usable Area
Public Records
Existing Tenancies
Building Standards
Signing Date
Clauses
Property Description
Purchase Price
Payment Terms
Deposit
Title Transfer
Property Registration
Due Diligence
Conditions Precedent
Property Condition
Warranties and Representations
Energy Certification
Environmental Compliance
Insurance
Property Inspection
Risk Transfer
Completion
Default
Force Majeure
Notices
Assignment
Entire Agreement
Governing Law
Dispute Resolution
Severability
Costs and Taxes
Mortgage Arrangements
Property Charges
Utilities Transfer
Possession
Existing Tenancies
Planning and Zoning
Building Compliance
Encumbrances
Property Access
Seller's Obligations
Buyer's Obligations
Time of Essence
Amendments
Termination
Survival
Indemnification
Title Insurance
Property Management
Fixtures and Fittings
Legal Compliance
Purchase Price
Payment Terms
Deposit
Title Transfer
Property Registration
Due Diligence
Conditions Precedent
Property Condition
Warranties and Representations
Energy Certification
Environmental Compliance
Insurance
Property Inspection
Risk Transfer
Completion
Default
Force Majeure
Notices
Assignment
Entire Agreement
Governing Law
Dispute Resolution
Severability
Costs and Taxes
Mortgage Arrangements
Property Charges
Utilities Transfer
Possession
Existing Tenancies
Planning and Zoning
Building Compliance
Encumbrances
Property Access
Seller's Obligations
Buyer's Obligations
Time of Essence
Amendments
Termination
Survival
Indemnification
Title Insurance
Property Management
Fixtures and Fittings
Legal Compliance
Relevant Industries
Real Estate
Residential Property
Commercial Property
Banking and Finance
Legal Services
Construction
Property Development
Property Management
Insurance
Professional Services
Mortgage Services
Relevant Teams
Legal
Real Estate
Property Management
Compliance
Risk Management
Commercial
Operations
Finance
Investment
Acquisitions
Document Management
Business Development
Relevant Roles
Real Estate Agent
Property Lawyer
Legal Counsel
Property Manager
Bank Manager
Mortgage Advisor
Property Developer
Real Estate Investment Manager
Compliance Officer
Property Surveyor
Real Estate Broker
Commercial Director
Property Acquisition Manager
Real Estate Portfolio Manager
Legal Director
Risk Manager
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