The Real Estate Agreement Contract is a fundamental legal document used in Danish property transactions to formalize the transfer of real estate ownership. This document is essential for both residential and commercial property sales in Denmark, incorporating specific requirements under Danish property law, including compliance with the Danish Formation of Contracts Act (Aftaleloven) and Purchase Act (K脙茠脗赂beloven). The agreement covers crucial elements such as property description, purchase price, payment terms, conditions precedent, warranties, and closing requirements. It's designed to protect both parties' interests while ensuring proper registration with the Danish Land Registry (Tingbogen). The document is particularly important as it serves as the primary reference point for all aspects of the property transaction and must comply with strict Danish regulatory requirements regarding property transfers, energy certification, and environmental considerations.
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Key Requirements PROMPT example:
Real Estate Agreement Contract
I need a Real Estate Agreement Contract for the purchase of a commercial warehouse property in Copenhagen, with closing date set for March 15, 2025, including specific provisions for existing tenant rights and environmental compliance requirements.
1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and registration numbers for corporate entities
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including address, land registry details, cadastral number, and size
5. Purchase Price: Specified purchase price, payment terms, and deposit requirements
6. Payment Terms: Detailed payment schedule, method of payment, and escrow arrangements
7. Closing Date and Handover: Specified date for closing the transaction and transferring possession
8. Condition of Property: Statement of the property's current condition and any known defects
9. Seller's Warranties: Warranties regarding property ownership, encumbrances, and disclosed information
10. Due Diligence: Buyer's right to inspect and investigate the property
11. Registration and Transfer: Process for legal registration of the property transfer
12. Costs and Taxes: Allocation of transaction costs, registration fees, and property taxes
13. Default and Remedies: Consequences of breach and available remedies
14. Governing Law: Confirmation of Danish law as governing law and jurisdiction
15. Signatures: Execution block for all parties
1. Mortgage Arrangements: Details of existing mortgages and arrangements for their discharge or transfer - include when property has existing mortgages
2. Tenant Rights: Information about existing tenancies and their status - include when property is sold with sitting tenants
3. Environmental Matters: Specific environmental obligations or known issues - include when property has environmental concerns
4. Development Rights: Details of any development permits or restrictions - include for properties with development potential
5. Agricultural Provisions: Specific provisions related to agricultural land - include for rural properties
6. Business Assets: Details of any business assets included in the sale - include when property includes commercial elements
7. Parking Rights: Details of parking arrangements and rights - include for urban properties with parking considerations
8. Common Areas: Rights and obligations regarding common areas - include for properties in shared developments
1. Property Plan: Detailed plans and drawings of the property including boundaries
2. Title Documents: Copies of relevant title documents and land registry extracts
3. Energy Performance Certificate: Current energy performance certificate as required by Danish law
4. Property Inspection Report: Technical inspection report detailing property condition
5. Inventory List: List of fixtures, fittings, and any other items included in the sale
6. Planning Documents: Relevant planning permissions and restrictions
7. Environmental Reports: Any environmental surveys or contamination reports
8. Building Permits: Copies of relevant building permits and certificates
9. Insurance Certificates: Details of current property insurance
10. Property Charges: Schedule of current property charges and utilities
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Property Development
Banking & Finance
Legal Services
Insurance
Agriculture
Retail
Hospitality
Industrial
Commercial Property
Residential Property
Urban Development
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Facilities Management
Investment
Operations
Risk Management
Corporate Services
Business Development
Environmental
Finance
Acquisitions
Relevant Roles
Real Estate Attorney
Property Lawyer
Real Estate Agent
Property Manager
Legal Counsel
Compliance Officer
Real Estate Developer
Property Surveyor
Transaction Manager
Property Investment Manager
Real Estate Investment Director
Facilities Manager
Contract Manager
Real Estate Portfolio Manager
Environmental Consultant
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