Closing Agreement (Real Estate) Template for Denmark

The Closing Agreement (Real Estate) is a crucial document used in Danish property transactions to effect the final transfer of real estate from seller to purchaser. It is typically prepared after the initial purchase agreement has been signed and all conditions precedent have been satisfied. This document type is essential in Danish real estate practice as it coordinates the completion mechanics, including payment of the purchase price, registration of title transfer in the land registry, and practical handover arrangements. The agreement ensures compliance with Danish property law requirements, including necessary representations about the property's condition, energy certification, and tax matters. A Closing Agreement (Real Estate) is required for both residential and commercial property transactions in Denmark, though the complexity may vary depending on the nature and value of the property being transferred.

1. Parties: Identification of the seller and purchaser, including full legal names, addresses, and registration numbers for any companies

2. Background: Context of the transaction, including reference to the purchase agreement and any relevant pre-conditions

3. Definitions: Key terms used throughout the agreement, including specific Danish legal terminology

4. Property Details: Full legal description of the property, including land registry details and cadastral number

5. Purchase Price: Final purchase price and confirmation of payment arrangements

6. Closing Requirements: List of documents and actions required from each party to complete the transfer

7. Transfer of Ownership: Specific provisions regarding the transfer of title and registration in the land registry

8. Handover of Property: Practical arrangements for physical handover of the property and keys

9. Utilities and Running Costs: Arrangements for transfer of utility accounts and pro-rating of running costs

10. Tax Matters: Property tax allocations and responsibilities

11. Representations and Warranties: Final confirmations regarding the property's condition and legal status

12. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction

13. Signatures: Execution blocks for all parties and any required witnesses