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Seller Financing Real Estate Contract
1. Parties: Identification of the Seller/Creditor and Buyer/Debtor with full legal names, addresses, and registration numbers if applicable
2. Background: Context of the transaction, including the seller's ownership of the property and the agreement to seller financing
3. Definitions: Key terms used throughout the agreement, including Property, Purchase Price, Loan Amount, Settlement Date, etc.
4. Property Description: Detailed description of the property including address, land registry details, cadastral number, and size
5. Purchase Price and Payment Terms: Total purchase price, down payment amount, and payment structure
6. Financing Terms: Loan amount, interest rate, repayment period, payment schedule, and calculation of payments
7. Security and Mortgage: Details of the seller's security interest in the property, including mortgage registration requirements
8. Transfer of Ownership: Conditions and process for transferring property title and registration requirements
9. Representations and Warranties: Statements by both parties regarding property condition, authority to enter agreement, etc.
10. Due Diligence: Buyer's investigation rights and seller's disclosure obligations
11. Default and Remedies: Consequences of default, cure periods, and available remedies
12. Costs and Expenses: Allocation of transaction costs, registration fees, and taxes
13. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes
14. Signatures: Execution blocks for all parties and witnesses if required
1. Insurance Requirements: Used when specifying mandatory insurance coverage for the property
2. Property Maintenance: Include when setting specific requirements for property maintenance during the financing period
3. Prepayment Terms: Include when allowing early loan repayment with specific terms and conditions
4. Assignment and Transfer: Used when parties want to address the possibility of transferring rights under the agreement
5. Co-signer Provisions: Include when a third party is guaranteeing the buyer's obligations
6. Property Use Restrictions: Used when imposing specific restrictions on property use during the financing period
7. Escrow Arrangements: Include when using an escrow account for tax and insurance payments
8. Property Management: Used for commercial properties requiring specific management arrangements
1. Property Description Schedule: Detailed technical description of the property, including maps and plans
2. Payment Schedule: Amortization table showing all payments, interest, and principal allocations
3. Property Condition Report: Detailed assessment of property condition at time of sale
4. Title Documentation: Copies of relevant title documents and registration certificates
5. Due Diligence Reports: Technical, environmental, and legal due diligence findings
6. Property Insurance Details: Specifications of required insurance coverage
7. Existing Encumbrances: List of any existing liens, easements, or other encumbrances
8. Transfer Documents: Forms and documents required for property registration transfer
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