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Real Estate Term Sheet
I need a Real Estate Term Sheet for the purchase of a mixed-use commercial property in Copenhagen with a purchase price of €15 million, including specific conditions about existing tenant arrangements and environmental due diligence to be completed by March 2025.
1. Parties: Identification of the seller and purchaser, including full legal names, registration numbers (CVR for companies), and addresses
2. Background: Brief context of the proposed transaction and property overview
3. Definitions: Key terms used throughout the term sheet
4. Property Details: Comprehensive description of the property, including address, land registry details, and property number (matrikelnummer)
5. Purchase Price: Proposed purchase price, payment structure, and any adjustments
6. Due Diligence: Scope, timeline, and process for due diligence investigation
7. Conditions Precedent: Key conditions that must be satisfied before proceeding to final agreement
8. Timeline: Key dates including due diligence period, signing, and closing
9. Transaction Structure: Outline of the proposed transaction structure and key steps
10. Confidentiality: Binding provisions regarding confidentiality of negotiations and information
11. Exclusivity: Any exclusive negotiation periods and terms
12. Costs: Allocation of transaction costs between parties
13. Governing Law: Confirmation of Danish law as governing law
1. Financing: Include when purchase is subject to financing arrangements, detailing key financing terms and conditions
2. Environmental Matters: Include for properties with potential environmental concerns or when environmental studies are required
3. Tenant Matters: Include for properties with existing tenants, addressing lease arrangements and tenant rights
4. Development Potential: Include when the property has development potential, outlining zoning and planning considerations
5. Asset Management: Include for properties requiring specific management arrangements post-acquisition
6. Tax Structure: Include when specific tax considerations need to be addressed in the transaction structure
7. Property Management During Interim Period: Include when specific arrangements are needed between signing and closing
8. Break Fee: Include when parties agree to certain compensation if the transaction fails under specific circumstances
1. Property Description Schedule: Detailed technical description of the property including land plot numbers, building specifications, and area calculations
2. Due Diligence Checklist: List of required documents and investigations for the due diligence process
3. Key Commercial Terms Summary: Summary table of essential commercial terms for quick reference
4. Timeline Schedule: Detailed timeline with all key dates and milestones
5. Existing Encumbrances: List of existing mortgages, easements, and other registered encumbrances
6. Required Approvals: List of required governmental and regulatory approvals
7. Property Plans: Relevant property plans, maps, and drawings
Authors
Property
Matrikelnummer
BBR Extract
Purchase Price
Closing Date
Signing Date
Due Diligence Period
Business Day
Confidential Information
Deposit
Encumbrances
Environmental Laws
Existing Leases
Governmental Authority
Land Registry
Material Adverse Change
Permitted Encumbrances
Purchase Agreement
Registration Fees
Seller's Warranties
Stamp Duty
Tingbogsattest
Title Documents
Transaction
Transfer Date
Working Day
Zoning Plan
Building Permits
Technical Due Diligence
Legal Due Diligence
Environmental Due Diligence
Condition Precedent
Binding Effect
Break Fee
Exclusivity Period
Long Stop Date
Municipality
Planning Permissions
Property Tax Assessment
Tenant
VAT
Mortgage Deed
Title Insurance
Property Description
Purchase Price
Payment Terms
Due Diligence
Conditions Precedent
Closing Conditions
Title and Ownership
Property Registration
Environmental Matters
Existing Tenancies
Property Management
Transaction Timeline
Confidentiality
Exclusivity
Break Fee
Cost Allocation
Tax Matters
Representations and Warranties
Property Insurance
Mortgage Arrangements
Planning and Zoning
Building Permits
Technical Specifications
Property Access
Utilities and Services
Governing Law
Dispute Resolution
Binding Effect
Assignment Rights
Force Majeure
Notices
Entire Agreement
Amendments
Severability
Real Estate
Commercial Property
Residential Property
Real Estate Development
Property Investment
Construction
Hospitality
Retail
Industrial
Office Space
Healthcare Facilities
Educational Facilities
Logistics
Mixed-Use Development
Legal
Real Estate
Investment
Finance
Acquisitions
Asset Management
Development
Operations
Risk Management
Corporate Development
Due Diligence
Facilities Management
Real Estate Director
Property Manager
Investment Manager
Legal Counsel
Corporate Lawyer
Real Estate Broker
Development Director
Asset Manager
Acquisitions Manager
Chief Financial Officer
Real Estate Analyst
Portfolio Manager
Transaction Manager
Property Valuer
Facilities Manager
Real Estate Partner
Investment Director
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