The For Sale By Owner Contract is utilized in Denmark when property owners choose to sell their real estate directly to buyers without engaging a real estate agent as an intermediary. This approach can potentially save on commission fees but requires careful attention to legal requirements and documentation. The contract must comply with Danish property law, including the Danish Sale of Goods Act (Købeloven) and Property Trading Act (Omsætningsloven). It typically includes comprehensive details about the property, price, payment terms, condition assessments, and transfer requirements. The document is particularly relevant in the Danish market where property transactions are highly regulated and require specific documentation such as energy performance certificates and property condition reports. This type of contract ensures all legal obligations are met while protecting both parties' interests in the transaction.
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Key Requirements PROMPT example:
For Sale By Owner Contract
I need a For Sale By Owner Contract for selling my Copenhagen apartment with existing tenants, where the buyer agrees to take over the tenant agreements and the sale needs to be completed by March 2025.
1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and civil registration numbers (CPR)
2. Background: Brief context of the sale and property ownership history
3. Definitions: Key terms used throughout the agreement
4. Property Details: Complete description of the property including address, land registry details, and cadastral number
5. Purchase Price: Agreed purchase price and payment terms, including deposit requirements
6. Payment Schedule: Detailed breakdown of when and how payments are to be made
7. Closing Date: Specified date for completion of the sale and transfer of ownership
8. Property Condition: Current condition of the property and any known defects or issues
9. Seller's Warranties: Seller's representations regarding the property's condition and legal status
10. Transfer of Ownership: Process and requirements for legal transfer of the property
11. Costs and Expenses: Allocation of transaction costs between parties
12. Default and Remedies: Consequences of breach by either party
13. Governing Law: Confirmation of Danish law application and jurisdiction
1. Mortgage Arrangements: Details of existing mortgages and arrangements for their discharge or transfer
2. Tenant Rights: Required if the property is currently leased or has sitting tenants
3. Fixtures and Fittings: Detailed list of items included/excluded from sale
4. Environmental Matters: Specific environmental considerations or obligations
5. Planning Permissions: Details of existing or pending planning permissions
6. Property Management: Arrangements for property management during the transition period
7. Third-Party Rights: Any existing rights or easements affecting the property
8. Construction Warranties: For newer properties, details of any existing construction warranties
9. Renovation Requirements: Any mandatory renovation or repair requirements agreed between parties
1. Property Plan: Official property plans and boundaries
2. Energy Performance Certificate: Mandatory energy rating certificate (energimærkning)
3. Property Inspection Report: Recent building survey or condition report
4. Title Documents: Copies of relevant title documents and land registry information
5. Fixtures and Fittings List: Detailed inventory of items included in the sale
6. Property Photographs: Current dated photographs of the property
7. Utilities Information: Details of current utility suppliers and consumption history
8. Building Permits: Copies of relevant building permits and certificates
9. Property Tax Assessment: Recent property tax assessment documents
Authors
Relevant legal definitions
Agreement
Property
Purchase Price
Closing Date
Effective Date
Permitted Use
Title Deed
Land Registry
Cadastral Number
Energy Performance Certificate
Property Inspection Report
Fixtures and Fittings
Deposit
Business Day
Force Majeure
Mortgage
Transfer Date
Registration Fees
Property Taxes
Stamp Duty
Encumbrances
Title Documents
Building Regulations
Municipal Requirements
Easements
Property Condition Statement
Completion Statement
Default Notice
Working Days
Real Property Register
Tinglysning
BBR Register
Purchase Agreement
Settlement Date
Due Diligence Period
Property
Purchase Price
Closing Date
Effective Date
Permitted Use
Title Deed
Land Registry
Cadastral Number
Energy Performance Certificate
Property Inspection Report
Fixtures and Fittings
Deposit
Business Day
Force Majeure
Mortgage
Transfer Date
Registration Fees
Property Taxes
Stamp Duty
Encumbrances
Title Documents
Building Regulations
Municipal Requirements
Easements
Property Condition Statement
Completion Statement
Default Notice
Working Days
Real Property Register
Tinglysning
BBR Register
Purchase Agreement
Settlement Date
Due Diligence Period
Clauses
Property Description
Purchase Price
Payment Terms
Title Transfer
Property Condition
Warranties and Representations
Due Diligence
Property Inspection
Energy Certification
Mortgage Arrangements
Default and Remedies
Risk and Insurance
Property Registration
Costs and Expenses
Tax Matters
Environmental Compliance
Municipal Requirements
Closing Conditions
Force Majeure
Dispute Resolution
Notices
Assignment
Entire Agreement
Governing Law
Severability
Amendment
Survival
Termination
Purchase Price
Payment Terms
Title Transfer
Property Condition
Warranties and Representations
Due Diligence
Property Inspection
Energy Certification
Mortgage Arrangements
Default and Remedies
Risk and Insurance
Property Registration
Costs and Expenses
Tax Matters
Environmental Compliance
Municipal Requirements
Closing Conditions
Force Majeure
Dispute Resolution
Notices
Assignment
Entire Agreement
Governing Law
Severability
Amendment
Survival
Termination
Relevant Industries
Real Estate
Property Development
Construction
Financial Services
Legal Services
Property Management
Urban Planning
Environmental Services
Housing
Relevant Teams
Legal
Real Estate
Property Management
Compliance
Risk Management
Document Control
Administrative Support
Contract Administration
Property Development
Relevant Roles
Property Owner
Real Estate Lawyer
Property Manager
Legal Counsel
Compliance Officer
Property Developer
Contract Manager
Property Administrator
Legal Administrator
Risk Manager
Document Controller
Property Surveyor
Real Estate Consultant
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