The Earnest Money Agreement serves as a crucial document in Danish property transactions, providing security and commitment for both parties during the period between initial agreement and final closing. This document type is typically used when a buyer wishes to demonstrate serious intent to purchase a property by providing a good faith deposit. The agreement outlines the specific conditions under which the earnest money will be held, returned, or forfeited, aligned with Danish property law and contractual requirements. It includes essential details such as property description, purchase price, deposit amount, due diligence period, and closing conditions. The document is particularly important in the Danish real estate market, where it helps prevent either party from backing out of the transaction without valid cause, while providing clear procedures for dispute resolution and transaction completion.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Earnest Money Agreement
I need an Earnest Money Agreement under Danish law for a residential property purchase with a 10% deposit, where the buyer requires a 30-day due diligence period and the transaction must close by March 15, 2025.
1. Parties: Identification of the buyer and seller, including full legal names, addresses, and registration numbers if applicable
2. Background: Brief context of the transaction and purpose of the earnest money agreement
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being purchased, including address and legal description
5. Purchase Price: Total purchase price for the property and payment structure
6. Earnest Money Deposit: Amount of earnest money, payment deadline, and deposit holder details
7. Escrow Terms: Terms and conditions for holding and releasing the earnest money
8. Due Diligence Period: Timeframe and conditions for buyer's investigation of the property
9. Conditions for Return or Forfeit: Circumstances under which earnest money will be returned to buyer or forfeited to seller
10. Closing and Completion: Timeline and requirements for closing the transaction
11. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
12. Signatures: Execution blocks for all parties
1. Broker Provisions: Terms relating to real estate brokers' involvement and commission arrangements, included when brokers are part of the transaction
2. Property Inspection: Detailed terms for property inspection rights and procedures, included when specific inspection requirements exist
3. Mortgage Contingency: Conditions related to buyer's financing requirements, included when purchase is contingent on mortgage approval
4. Property Access: Terms for accessing the property before closing, included when pre-closing access is needed
5. Special Conditions: Any unique terms specific to the transaction, included when there are non-standard requirements
6. Dispute Resolution: Specific procedures for handling disputes, included when parties want detailed conflict resolution procedures
1. Schedule A - Property Details: Detailed property information including land register details, cadastral number, and property boundaries
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms and deadlines
3. Schedule C - Due Diligence Documents: List of documents to be provided for due diligence
4. Appendix 1 - Property Photos: Current photographs of the property
5. Appendix 2 - Property Plans: Floor plans and property drawings
6. Appendix 3 - Bank Details: Escrow account details and banking information for earnest money deposit
Authors
Relevant legal definitions
Agreement
Property
Earnest Money
Deposit
Effective Date
Closing Date
Purchase Price
Due Diligence Period
Business Day
Buyer
Seller
Escrow Agent
Deposit Holder
Property Documents
Closing
Default
Force Majeure
Material Adverse Change
Permitted Encumbrances
Purchase Agreement
Registration
Title Documents
Transfer Deed
Working Day
Completion
Property
Earnest Money
Deposit
Effective Date
Closing Date
Purchase Price
Due Diligence Period
Business Day
Buyer
Seller
Escrow Agent
Deposit Holder
Property Documents
Closing
Default
Force Majeure
Material Adverse Change
Permitted Encumbrances
Purchase Agreement
Registration
Title Documents
Transfer Deed
Working Day
Completion
Clauses
Property Description
Purchase Price
Deposit Terms
Escrow Provisions
Due Diligence
Property Inspection
Title and Registration
Representations and Warranties
Conditions Precedent
Default and Remedies
Risk and Insurance
Termination Rights
Force Majeure
Assignment
Notices
Confidentiality
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Counterparts
Time of Essence
Survival
Further Assurances
Purchase Price
Deposit Terms
Escrow Provisions
Due Diligence
Property Inspection
Title and Registration
Representations and Warranties
Conditions Precedent
Default and Remedies
Risk and Insurance
Termination Rights
Force Majeure
Assignment
Notices
Confidentiality
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Counterparts
Time of Essence
Survival
Further Assurances
Relevant Industries
Real Estate
Legal Services
Banking & Financial Services
Property Development
Construction
Commercial Property
Residential Property
Professional Services
Relevant Teams
Legal
Real Estate
Property Management
Transactions
Compliance
Contract Administration
Corporate Services
Business Development
Risk Management
Relevant Roles
Real Estate Agent
Property Lawyer
Legal Counsel
Property Manager
Real Estate Developer
Transaction Manager
Escrow Officer
Real Estate Broker
Property Acquisition Manager
Contract Administrator
Real Estate Transaction Coordinator
Compliance Officer
Find the exact document you need
Earnest Money Agreement
A Danish law-governed agreement establishing terms for earnest money deposit in property transactions, securing both buyer and seller interests.
find out more
Hold Deposit Agreement
A Danish law-governed agreement establishing terms for holding and managing deposit funds, including deposit amount, conditions, and release mechanisms.
find out more
Earnest Deposit Agreement
A Danish law agreement governing the terms of earnest money deposits, including payment, holding, and release conditions.
find out more
Security Deposit Contract
Danish law-compliant Security Deposit Contract establishing terms for rental deposits under the Lejeloven, protecting both landlord and tenant interests.
find out more
Agreement For Security Deposit
A Danish law-governed agreement establishing terms and conditions for a rental security deposit, ensuring compliance with Danish rental and deposit legislation.
find out more
Deposit Agreement Contract
A Danish law-governed agreement establishing terms and conditions between a financial institution and depositor for maintaining and managing deposit accounts.
find out more
Deposit Rental Agreement
A legally binding agreement under Danish law governing property rental terms and deposit arrangements between landlord and tenant.
find out more
Non Refundable Deposit Agreement
Danish law-compliant agreement establishing terms for a non-refundable deposit payment, including payment conditions and legal protections.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.