Document background
The Letter of Intent to Purchase (Real Estate) is a crucial preliminary document used in Danish real estate transactions to establish the framework for property acquisition negotiations. It is typically used when parties have reached initial agreement on key terms but need to conduct due diligence and negotiate detailed terms before executing a binding purchase agreement. The document includes essential information such as property details, proposed purchase price, timeline, and any exclusivity arrangements. While generally non-binding under Danish law, certain provisions like confidentiality may be explicitly made binding. This document is particularly important in commercial real estate transactions where complex due diligence is required and multiple stakeholders are involved. It helps align parties' expectations and provides a structured approach to progressing towards a final purchase agreement.
