Finders Fee Agreement (Real Estate) Template for Denmark

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Key Requirements PROMPT example:

Finders Fee Agreement (Real Estate)

I need a Finder's Fee Agreement (Real Estate) under Danish law for our commercial property portfolio, offering 2% commission to international property consultants who can introduce qualified buyers, with compliance requirements for cross-border transactions.

What is a Finders Fee Agreement (Real Estate)?

The Finder's Fee Agreement (Real Estate) is a crucial document used in Danish property transactions when a property owner or developer wishes to engage an introducer to identify potential buyers or tenants. This agreement type is particularly relevant in today's competitive real estate market where networking and connections play a vital role in successful property transactions. The document carefully balances the needs of property owners seeking qualified buyers with the interests of finders who facilitate such introductions, all while ensuring compliance with Danish regulations, particularly the Estate Agents Act (Ejendomsmæglerlov) and related legislation. It typically includes detailed provisions about the property, fee structures, payment triggers, and compliance requirements, while clearly distinguishing the finder's role from that of a regulated real estate broker. This agreement is especially valuable for commercial property transactions and high-value residential deals where professional introductions can significantly impact the success of a property sale or lease.

What sections should be included in a Finders Fee Agreement (Real Estate)?

1. Parties: Identification of the principal/property owner and the finder, including full legal names, addresses, and registration numbers if applicable

2. Background: Context of the agreement, including the principal's desire to sell/lease property and finder's ability to introduce potential buyers/tenants

3. Definitions: Key terms used in the agreement, including 'Property', 'Successful Transaction', 'Prospective Buyer', 'Finder's Fee', etc.

4. Scope of Services: Detailed description of the finder's role, responsibilities, and limitations (especially distinguishing from regulated broker activities)

5. Property Details: Specific information about the property/properties covered by the agreement

6. Fee Structure: Clear definition of the finder's fee amount or calculation method, including any variations based on transaction value

7. Payment Terms: Conditions for fee payment, timing, and method of payment

8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

9. Confidentiality: Obligations regarding confidential information and property details

10. Compliance: Acknowledgment of and compliance with relevant laws and regulations

11. Representations and Warranties: Basic warranties about capacity to contract and service delivery

12. General Provisions: Standard clauses including governing law, notices, and entire agreement

What sections are optional to include in a Finders Fee Agreement (Real Estate)?

1. Exclusivity: Used when the finder has exclusive rights to introduce potential buyers for specific properties

2. Non-Circumvention: Include when there's risk of direct dealings between principal and introduced parties to avoid finder's fee

3. Multiple Property Provisions: Required when the agreement covers multiple properties with different terms

4. Sub-Contractors: Include if the finder may engage other parties to assist in finding buyers

5. International Transactions: Add when dealing with cross-border introductions and payments

6. Marketing Authorization: Include if the finder needs specific permissions to market the property

7. Dispute Resolution: Optional detailed procedures for handling disputes, including mediation or arbitration

What schedules should be included in a Finders Fee Agreement (Real Estate)?

1. Property Schedule: Detailed description of property/properties, including address, size, features, and any specific requirements

2. Fee Schedule: Detailed breakdown of fee calculations, including any sliding scales or special conditions

3. Required Documentation: List of documents required for verification of introduced parties and transaction completion

4. Approved Marketing Materials: Templates or guidelines for property information that can be shared with potential buyers

5. Compliance Checklist: Checklist of regulatory requirements and necessary verifications for both parties

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 Industries

Real Estate

Property Development

Commercial Property

Residential Property

Property Investment

Real Estate Investment

Property Management

Business Services

Professional Services

Relevant Teams

Real Estate

Property Development

Business Development

Legal

Investment

Commercial Property

Asset Management

Acquisitions

Property Management

Finance

Compliance

Relevant Roles

Real Estate Director

Property Development Manager

Business Development Manager

Investment Director

Property Owner

Real Estate Consultant

Chief Investment Officer

Asset Manager

Property Portfolio Manager

Acquisition Manager

Real Estate Investment Manager

Business Development Director

Commercial Property Manager

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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