Property Sales Contract Between Seller And Buyer

Property Sales Contract Between Seller And Buyer Template for Denmark

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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

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