Guaranteed Sale Agreement Template for Denmark

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Key Requirements PROMPT example:

Guaranteed Sale Agreement

Document background
The Guaranteed Sale Agreement is a specialized contract used in the Danish property market to provide security and certainty to property sellers. This document is particularly relevant when property owners seek assurance of a minimum sale price for their property, typically in situations where a quick or certain sale is desired. The agreement outlines the terms under which a guarantor (usually a real estate company or financial institution) will purchase the property if it fails to sell on the open market within a specified period at or above the guaranteed price. The document includes comprehensive details about the property, pricing structure, marketing requirements, and guarantee conditions, ensuring compliance with Danish property law and financial regulations. The Guaranteed Sale Agreement is commonly used in both residential and commercial property transactions, providing a safety net for sellers while allowing them to potentially achieve a higher price through the open market.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including the seller, guarantor, and any other relevant parties

2. Background: Context of the agreement, including the property being sold and the purpose of the guaranteed sale arrangement

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

4. Property Details: Comprehensive description of the property subject to the guaranteed sale

5. Guarantee Structure: Details of the guarantee mechanism, including the guaranteed price and conditions

6. Sale Process: Steps and timeline for attempting to sell the property on the open market

7. Pricing Mechanism: Details of initial listing price, price reductions, and final guaranteed price

8. Obligations of the Seller: Seller's commitments and responsibilities during the sale process

9. Obligations of the Guarantor: Guarantor's commitments, including conditions for executing the guarantee

10. Duration and Timelines: Timeline for the sale process and guarantee period

11. Property Condition: Requirements regarding property maintenance during the sale period

12. Costs and Fees: Allocation of costs, fees, and expenses

13. Termination: Circumstances under which the agreement can be terminated

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

Optional Sections

1. Property Improvements: Required when specific improvements must be made to the property before or during the sale process

2. Marketing Requirements: Include when specific marketing obligations or restrictions need to be detailed

3. Third-Party Rights: Required when there are existing tenants or other third-party rights affecting the property

4. Special Conditions: Include when there are unique circumstances affecting the property or sale process

5. Insurance Requirements: Include when specific insurance obligations need to be detailed

6. Alternative Dispute Resolution: Optional section for specifying mediation or arbitration procedures

7. Force Majeure: Include when specific force majeure provisions are needed beyond standard legal provisions

Suggested Schedules

1. Property Description Schedule: Detailed description of the property, including boundaries, fixtures, and fittings

2. Title Documents: List and copies of relevant title documents and property registration details

3. Pricing Schedule: Detailed pricing mechanism, including initial price, reduction steps, and final guaranteed price

4. Property Condition Report: Current condition report and any required maintenance or improvements

5. Marketing Plan: Detailed marketing requirements and plan for the sale period

6. Guarantee Terms: Detailed terms and conditions of the guarantee, including any specific requirements or exclusions

7. Costs Schedule: Detailed breakdown of all costs, fees, and their allocation between parties

Authors

Relevant legal definitions
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Relevant Industries
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Relevant Roles
Industries
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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