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Property Sales Contract Between Seller And Buyer

Property Sales Contract Between Seller And Buyer Template for Denmark

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Property Sales Contract Between Seller And Buyer

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Document background
The Property Sales Contract Between Seller And Buyer is a fundamental legal document used in Danish real estate transactions for transferring property ownership. It is essential for both residential and commercial property sales in Denmark, incorporating mandatory requirements under Danish property law, including energy certification, property registration, and consumer protection provisions. This contract type is used whenever real property is sold, whether between private individuals or commercial entities, and must comply with the Danish Formation of Contracts Act, Registration of Property Act, and other relevant legislation. The document serves as the primary agreement governing the transaction, detailing all aspects from property description and purchase price to completion requirements and post-completion obligations.
Suggested Sections

1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and CPR/CVR numbers

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

3. Definitions: Key terms used throughout the agreement

4. Property Details: Comprehensive description of the property including address, land registry details, size, and cadastral number

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

6. Condition of Property: Current state of the property, including known defects and property inspection results

7. Energy Performance: Details of the property's energy rating and certification as required by Danish law

8. Transfer of Ownership: Terms and timing of legal ownership transfer and registration requirements

9. Completion Requirements: Conditions to be met before completion, including documentation and payments

10. Taxes and Fees: Allocation of property taxes, registration fees, and other associated costs

11. Representations and Warranties: Seller's declarations about the property's condition and legal status

12. Risk and Insurance: Transfer of risk and insurance obligations

13. Governing Law: Confirmation of Danish law governance and jurisdiction

14. Signatures: Execution provisions and signature blocks

Optional Sections

1. Mortgage Arrangements: Details of existing mortgages and arrangements for their discharge or transfer - include when property has existing mortgages

2. Tenant Provisions: Details of existing tenancies and their treatment - include when property is sold with sitting tenants

3. Fixtures and Fittings: Detailed list of items included/excluded from sale - include when specific items need to be clarified

4. Development Rights: Information about building permits or development potential - include when property has development potential

5. Environmental Matters: Specific environmental conditions or obligations - include when property has environmental considerations

6. Parking Rights: Details of parking arrangements or rights - include for properties with specific parking arrangements

7. Shared Facilities: Information about common areas and shared responsibilities - include for apartments or shared properties

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property including boundaries and measurements

2. Energy Performance Certificate: Mandatory energy rating certificate (energimærkning)

3. Property Inspection Report: Technical assessment of property condition (tilstandsrapport)

4. Insurance Documentation: Details of existing insurance and claims history

5. Land Registry Extract: Current title information from the Danish Land Registry (tingbogsattest)

6. Property Tax Assessment: Current property tax evaluation and payments

7. Fixtures and Fittings List: Detailed inventory of items included in the sale

8. Building Plans and Permits: Relevant architectural drawings and planning permissions

Authors

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Relevant legal definitions
Property
Completion Date
Completion
Purchase Price
Deposit
Business Day
Land Registry
Title Deed
Property Register (Tingbog)
Cadastral Number (Matrikelnummer)
Energy Performance Certificate (Energimærkning)
Property Inspection Report (Tilstandsrapport)
Transfer Date
Registration Fees
Permitted Use
Planning Permissions
Encumbrances
Title Documents
Existing Mortgages
Property Charges
Building Components
Fixtures and Fittings
Common Areas
Shared Facilities
Property Tax Assessment (Ejendomsvurdering)
Due Diligence Documents
Material Adverse Change
Force Majeure
Relevant Authority
Required Consents
Signing Date
Transfer Documents
Working Day
Associated Land
Building Insurance
Completion Statement
Contract Date
Deed of Transfer
Legal Costs
Purchase Documents
Registration Requirements
Seller's Solicitor
Buyer's Solicitor
Clauses
Identification of Parties
Property Description
Purchase Price
Payment Terms
Deposit
Title Transfer
Property Condition
Seller Warranties
Buyer Warranties
Due Diligence
Energy Certification
Property Registration
Insurance
Risk Transfer
Completion Requirements
Property Inspection
Environmental Matters
Planning and Zoning
Encumbrances
Existing Mortgages
Property Taxes
Registration Fees
Utilities Transfer
Representations
Warranties
Indemnification
Force Majeure
Notices
Assignment
Entire Agreement
Governing Law
Dispute Resolution
Severability
Amendment
Costs Allocation
Default Provisions
Termination Rights
Survival Clauses
Confidentiality
Property Access
Post-Completion Obligations
Relevant Industries
Relevant Teams
Relevant Roles
Industries
Danish Formation of Contracts Act (Aftaleloven): Governs the fundamental principles of contract formation, including offer and acceptance, and general contractual obligations between parties
Danish Registration of Property Act (Tinglysningsloven): Regulates the registration of real property rights and establishes the framework for property title transfer and registration
Danish Sale of Goods Act (Købeloven): While primarily for movable property, certain principles apply to real estate transactions regarding defects and buyer's remedies
Danish Energy Performance Certificate Act (Energimærkningsloven): Requires sellers to provide energy performance certificates for properties being sold
Danish Money Laundering Act (Hvidvaskloven): Relevant for financial transactions in property sales and the obligations of real estate agents and lawyers
Danish Property Tax Act (Ejendomsskatteloven): Governs property taxation and relevant fees during property transfer
Danish Planning Act (Planloven): Regulates land use and may affect property sales depending on zoning and usage restrictions
Danish Consumer Protection Act (Forbrugeraftaleloven): Applies when the buyer is a private individual, providing additional protection and rights
Danish Mortgage Credit Act (Realkreditloven): Relevant for financing aspects of property purchases and mortgage regulations
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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