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Property Sale Contract

Property Sale Contract Template for Denmark

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Property Sale Contract

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Document background
The Property Sale Contract is a fundamental legal document used in Danish real estate transactions to formalize the transfer of property ownership. It serves as the primary agreement between parties in both residential and commercial property sales within Denmark's jurisdiction. This document must comply with specific requirements under Danish property law, including the Danish Sale of Property Act, Registration Act, and related legislation. The contract typically includes comprehensive details about the property, price, payment terms, conditions for transfer, and both parties' rights and obligations. It's essential for ensuring legal certainty in property transactions and facilitating proper registration with the Danish Land Registry. The document should be drafted with careful consideration of Danish legal requirements, local property regulations, and specific transaction circumstances.
Suggested Sections

1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and registration numbers for any corporate entities

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

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

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

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

6. Payment Terms: Detailed structure of payments including deposit, timing, and method of payment

7. Transfer of Ownership: Terms and conditions for the transfer of title and registration in the land registry

8. Closing Date and Handover: Specified date for closing the transaction and transferring possession

9. Seller's Warranties: Warranties regarding property condition, encumbrances, and legal status

10. Property Condition: Current condition of the property and any known defects

11. Due Diligence: Buyer's right to inspect and investigate the property

12. Costs and Taxes: Allocation of transaction costs, registration fees, and property taxes

13. Default and Remedies: Consequences of breach and available remedies for both parties

14. Governing Law: Specification of Danish law as governing law and jurisdiction

15. Signatures: Execution block for all parties

Optional Sections

1. Tenant Rights: Required when the property is currently leased, detailing existing tenancy agreements and transfer of landlord obligations

2. Mortgage Arrangements: Include when there are specific arrangements regarding existing or new mortgages

3. Renovation Requirements: Include when specific renovations are agreed to be completed before or after closing

4. Environmental Conditions: Required when there are known environmental issues or investigations

5. Planning Permissions: Include when there are pending or required planning permissions

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

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

8. Development Rights: Required when there are specific development possibilities or restrictions

Suggested Schedules

1. Property Documentation: Land registry extract, cadastral maps, and property drawings

2. Technical Due Diligence: Building inspection reports, energy performance certificate, and technical assessments

3. Financial Information: Property tax assessments, utility bills, and maintenance costs

4. Environmental Reports: Soil contamination reports and environmental assessments

5. Planning Documents: Zoning certificates, building permits, and local development plans

6. Insurance Documentation: Current insurance policies and claims history

7. Maintenance Records: History of repairs, improvements, and maintenance schedule

8. Photographs: Current photographs documenting the property's condition

9. Tenant Documentation: Existing lease agreements and tenant correspondence if applicable

Authors

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Relevant legal definitions
Agreement
Property
Land Registry Extract
Cadastral Number
Purchase Price
Closing Date
Handover Date
Deposit
Due Diligence Period
Encumbrances
Energy Performance Certificate
Property Tax Assessment
Registration Fees
Title Deed
Mortgage Deed
Building Insurance
Land Registry
Municipality
Permitted Use
Planning Regulations
Property Charges
Purchase Documents
Real Estate Agent
Seller's Disclosure Statement
Settlement Statement
Technical Due Diligence Report
Transfer Date
Utilities
Working Day
Zoning Certificate
Material Defect
Common Areas
Property Accessories
Fixed Installations
Movable Items
Environmental Report
Building Permits
Local Development Plan
Property Registration Number
Stamp Duty
Clauses
Property Description
Purchase Price
Payment Terms
Deposit
Title Transfer
Property Registration
Due Diligence
Seller's Warranties
Property Condition
Defects and Damages
Environmental Compliance
Insurance
Property Charges
Tax Obligations
Planning and Zoning
Utilities Transfer
Handover Requirements
Default and Remedies
Force Majeure
Assignment
Notices
Entire Agreement
Severability
Governing Law
Dispute Resolution
Costs and Expenses
Representations and Warranties
Termination
Compliance with Law
Property Access
Energy Performance
Building Regulations
Land Registry Requirements
Mortgage Arrangements
Property Usage
Tenant Rights
Common Areas
Maintenance Obligations
Risk Transfer
Insurance Requirements
Relevant Industries
Relevant Teams
Relevant Roles
Industries
Danish Sale of Property Act (Lov om køb af fast ejendom): Primary legislation governing the sale and purchase of real estate in Denmark, including requirements for purchase agreements, seller's disclosure obligations, and buyer's remedies
Danish Registration Act (Tinglysningsloven): Regulates the registration of property rights, mortgages, and other real estate documentation in the Danish Land Registry
Danish Contracts Act (Aftaleloven): Provides the general legal framework for contract formation, validity, and enforcement in Denmark
Danish Property Formation Act (Udstykningsloven): Governs the subdivision and formation of real property, including cadastral requirements and land division regulations
Danish Planning Act (Planloven): Controls land use, zoning regulations, and building restrictions that may affect property transactions
Danish Mortgage Act (Realkreditloven): Regulates mortgage financing and security interests in real property
Danish Property Tax Act (Ejendomsbeskatningsloven): Governs property taxation, including transfer taxes and ongoing property taxes
Danish Consumer Protection Act (Forbrugeraftaleloven): Provides additional protection when one party is a private individual, including specific requirements for consumer real estate transactions
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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