Document background
The Letter of Intent (LOI) for Real Estate transactions in Denmark is a crucial preliminary document used in the early stages of property transactions to establish the basic understanding between parties. This document type, while primarily non-binding, sets out the key commercial terms and conditions that will form the basis of the final purchase agreement. The LOI (Real Estate) is particularly important in the Danish market where property transactions often involve complex regulatory requirements and multiple stakeholders. It typically precedes the more detailed due diligence process and helps parties align their expectations regarding price, timeline, and conditions. The document reflects Danish legal requirements and business practices, providing a structured approach to preliminary negotiations while maintaining flexibility for both parties.
