The Real Estate Purchase Agreement is a fundamental legal document used in Danish property transactions to formalize the sale and purchase of real estate. It is essential for any property transfer in Denmark, whether residential, commercial, or agricultural. The document must comply with Danish legal requirements, including the Sale of Real Property Act (Lov om oms脙茠脗娄tning af fast ejendom), Formation of Contracts Act, and various property-related regulations. It contains mandatory elements such as energy certificates, property condition reports, and specific disclosures required under Danish law. This agreement is typically prepared after initial negotiations and due diligence, serving as the definitive contract that governs the entire transaction from signing through to completion of the property transfer.
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Key Requirements PROMPT example:
Real Estate Purchase Agreement
I need a Real Estate Purchase Agreement under Danish law for acquiring a commercial warehouse property in Copenhagen, with specific provisions for environmental compliance and existing tenant rights to be transferred to the new owner.
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1. Parties: Identification of buyer and seller with full legal names, addresses, and registration numbers if applicable
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including address, land registry details, size, and included fixtures/fittings
5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements
6. Closing Date and Transfer of Ownership: Specified date for completion of the transaction and transfer of title
7. Condition of Property: Current state of the property, known defects, and any warranties or disclaimers
8. Due Diligence: Buyer's investigation rights and seller's disclosure obligations
9. Title and Registration: Provisions regarding clear title transfer and registration process
10. Representations and Warranties: Standard declarations by both parties regarding authority, ownership, and property condition
11. Costs and Taxes: Allocation of transaction costs, registration fees, and property taxes
12. Default and Remedies: Consequences of breach and available remedies
13. Governing Law: Confirmation of Danish law application and jurisdiction
14. Signatures: Execution blocks for all parties
1. Mortgage Contingency: Include when purchase is contingent on buyer obtaining financing
2. Tenant Rights: Required if property is currently leased to tenants
3. Environmental Provisions: Include for properties with known environmental issues or industrial use history
4. Construction/Renovation Requirements: Include when property requires specific works before or after purchase
5. Property Management: Include for properties within housing associations or with shared facilities
6. Real Estate Agent Provisions: Include when transaction involves real estate agents
7. Language Provisions: Include when agreement is bilingual or involves non-Danish parties
1. Property Plan: Cadastral map and property boundaries
2. Title Documents: Copy of current title deed and registration details
3. Property Condition Report: Technical assessment of property condition (Tilstandsrapport)
4. Energy Performance Certificate: Mandatory energy rating certificate (Energim脙茠脗娄rkning)
5. Property Insurance Information: Details of existing insurance and claims history
6. Property Charges Statement: Overview of property taxes and utility charges
7. Inventory List: List of included/excluded fixtures, fittings, and furniture
8. Building Permits: Copies of relevant building permits and certificates
9. Environmental Reports: Any environmental surveys or assessments
10. Local Plan Information: Relevant zoning and planning regulations affecting the property
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Construction
Banking & Finance
Legal Services
Property Management
Insurance
Residential Housing
Commercial Property
Agriculture
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Investment
Commercial
Finance
Risk Management
Operations
Business Development
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Contract Manager
Property Developer
Mortgage Advisor
Compliance Officer
Real Estate Investment Manager
Property Surveyor
Transaction Manager
Corporate Counsel
Real Estate Portfolio Manager
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