Residential Real Estate Purchase Agreement Template for Denmark

The Residential Real Estate Purchase Agreement is a fundamental legal document used in Danish property transactions to formalize the sale and purchase of residential properties. It is essential for any residential property transfer in Denmark and must comply with specific requirements under Danish property law, including the Danish Sale of Goods Act and Registration of Property Act. This document is used when a definitive agreement has been reached between buyer and seller, following initial negotiations and property inspections. It includes crucial information about the property, parties, purchase price, financing arrangements, condition reports, energy certificates, and transfer terms. The agreement serves as the basis for property registration with the Danish Land Registry (Tingbogen) and is required for the formal transfer of ownership. It must incorporate mandatory Danish legal requirements while protecting both parties' interests throughout the transaction process.

1. Parties: Identification of the seller(s) and buyer(s) with full legal names, addresses, and CPR numbers (or CVR numbers for companies)

2. Background: Brief context of the transaction and confirmation that the seller owns the property

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

4. Property Details: Comprehensive description of the property including address, land registry details, plot size, and built area

5. Purchase Price: The agreed purchase price, payment structure, and deposit requirements

6. Financing: Details of how the purchase will be financed, including mortgage arrangements and conditions

7. Condition of Property: Description of the property's current condition, including any known defects and the results of property inspections

8. Energy Certificate: Details of the mandatory energy performance certificate and its ratings

9. Transfer of Ownership: The agreed completion date and process for transferring ownership

10. Costs and Taxes: Allocation of transaction costs, property taxes, and utility charges between parties

11. Property Insurance: Requirements for insurance coverage during the transfer period

12. Representations and Warranties: Standard declarations by both parties regarding their capacity to enter into the agreement and property-related warranties

13. Risk and Handover: When risk passes to the buyer and arrangements for physical possession

14. Default and Remedies: Consequences of breach by either party and available remedies

15. Governing Law: Confirmation that Danish law governs the agreement and jurisdiction details