Document background
The Owner Finance Contract is utilized in Denmark when traditional mortgage financing is not preferred or available, allowing property sellers to finance the buyer's purchase directly. This arrangement is particularly relevant in situations where buyers may not qualify for conventional bank financing, or where sellers wish to generate ongoing income from the property sale. The document combines elements of a property sale agreement with a financing agreement, structured in accordance with Danish property law, financial regulations, and consumer protection requirements. It must address specific Danish legal requirements for property transfers, security interests, and registration procedures while establishing clear terms for the financing arrangement, including payment schedules, interest calculations, and default provisions. The agreement serves both residential and commercial property transactions, requiring careful consideration of both parties' interests and compliance with Danish legal framework.
