Land Contract Agreement Template for Denmark

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Land Contract Agreement

Document background

The Land Contract Agreement is a fundamental legal document used in Danish property transactions to formalize the transfer of land ownership. It is essential when any party wishes to purchase or sell land in Denmark, whether for private, commercial, or industrial purposes. The agreement must comply with Danish property law, including the Danish Formation of Contracts Act and Registration of Property Act. It contains detailed provisions covering property description, purchase price, conditions precedent, completion requirements, and registration procedures with the Tingbogen (Land Registry). This document is particularly crucial as it serves as the primary evidence of the transaction terms and ensures compliance with Danish legal requirements regarding property transfers, including environmental regulations and planning laws.

Suggested Sections

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

2. Background: Context of the transaction and brief description of the property being transferred

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

4. Property Description: Detailed description of the land, including cadastral number, address, and size according to Danish land registry requirements

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

6. Due Diligence: Requirements and timeframes for property investigation, including soil tests and property condition reports

7. Conditions Precedent: Conditions that must be satisfied before completion, including financing and regulatory approvals

8. Completion: Details of the completion process, including registration requirements and transfer of possession

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

10. Property Condition: Statement of the property's condition and any known defects

11. Registration: Procedures for registration in the Danish Land Registry (Tingbogen)

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

13. Governing Law: Confirmation of Danish law as governing law and jurisdiction

14. Signatures: Execution blocks for all parties

Optional Sections

1. Existing Tenancies: Details of any existing tenants and lease agreements, used when the property is subject to ongoing tenancies

2. Environmental Provisions: Specific provisions regarding environmental conditions and obligations, used when environmental issues are identified

3. Development Conditions: Specific conditions regarding future development rights, used when development potential is part of the transaction

4. Agricultural Provisions: Special provisions for agricultural land, used when the property includes agricultural land subject to specific regulations

5. Mortgage Assumptions: Terms for assuming existing mortgages, used when existing mortgages will be transferred with the property

6. Property Management: Interim property management arrangements, used when there's a significant gap between contract and completion

7. Right of First Refusal: Terms of any pre-emptive rights, used when required by Danish law or agreed between parties

Suggested Schedules

1. Property Plan: Cadastral map and property boundaries

2. Title Documents: Copies of relevant title documents and land registry extracts

3. Property Condition Report: Detailed report on the property's physical condition

4. Environmental Reports: Any environmental surveys or assessments

5. Existing Leases: Copies of any existing lease agreements

6. Planning Documents: Relevant zoning certificates and planning permissions

7. Property Charges: Details of property taxes and other ongoing charges

8. Insurance Certificates: Relevant property insurance documentation

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