For Sale By Owner Contract Template for Denmark

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For Sale By Owner Contract

Document background

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.

Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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