The Wholesale Real Estate Contract is a specialized agreement designed for commercial property transactions in Denmark, primarily used by professional real estate investors, developers, and commercial entities. This document type is essential when conducting large-scale or multiple property transactions, particularly in commercial, industrial, or investment contexts. The contract must comply with Danish property law, including the Danish Registration of Property Act, Danish Contracts Act, and relevant commercial legislation. It includes comprehensive provisions for due diligence, property transfer requirements, and specific closing conditions required under Danish law. The Wholesale Real Estate Contract is particularly suited for transactions involving experienced parties in the real estate sector and typically includes detailed provisions for property assessment, financing arrangements, and risk allocation.
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Key Requirements PROMPT example:
Wholesale Real Estate Contract
I need a Wholesale Real Estate Contract under Danish law for purchasing a portfolio of five commercial warehouse properties in Copenhagen, with completion planned for March 2025, including provisions for existing tenant agreements and environmental compliance requirements.
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1. Parties: Identification of the seller and buyer, including business registration numbers (CVR numbers) and authorized representatives
2. Background: Context of the transaction and brief description of the property and commercial purpose
3. Definitions: Key terms used throughout the contract, including technical and legal terminology
4. Property Description: Detailed description of the property, including cadastral number, address, and size according to Danish land registry requirements
5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements
6. Due Diligence: Buyer's right to investigate the property and related documents, including timeframes and conditions
7. Conditions Precedent: Required conditions to be met before closing, including financing and regulatory approvals
8. Closing Requirements: Documentation and procedures required for closing under Danish law
9. Representations and Warranties: Seller's declarations regarding property condition, title, and other material facts
10. Risk and Insurance: Transfer of risk and insurance requirements until closing
11. Default and Remedies: Consequences of breach by either party and available remedies
12. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes
13. Signatures: Execution blocks for all parties and witnesses if required
1. Environmental Matters: Specific provisions regarding environmental conditions and liabilities, used when property has potential environmental issues
2. Tenant Rights: Provisions regarding existing tenants and leases, included when property is not vacant
3. Development Rights: Provisions regarding development potential and permits, included for properties with development opportunities
4. Assignment Rights: Terms for assigning the contract to another buyer, included when assignment might be desired
5. Broker Provisions: Terms regarding real estate broker involvement and commissions, included when brokers are involved
6. Financing Contingency: Specific terms related to buyer's financing requirements, included when buyer requires financing
7. Property Management: Provisions for interim management between contract and closing, used for income-producing properties
8. Foreign Investment: Additional provisions required for foreign buyers, included when buyer is not Danish
1. Property Details: Detailed property information including cadastral maps and land registry excerpts
2. Due Diligence Documents: List of all documents provided for due diligence
3. Title Documents: Copy of title deed and any registered encumbrances
4. Environmental Reports: Environmental surveys and assessments
5. Technical Documentation: Building technical reports and energy performance certificate
6. Existing Leases: Copies of all current lease agreements
7. Property Plans: Floor plans, site plans, and technical drawings
8. Insurance Certificates: Current property insurance documentation
9. Financial Information: Property financial statements and tax assessments
10. Municipal Permits: Copies of relevant municipal permits and certificates
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Commercial Property Investment
Property Management
Construction
Urban Development
Financial Services
Insurance
Legal Services
Environmental Services
Relevant Teams
Legal
Real Estate
Investment
Property Development
Asset Management
Operations
Finance
Risk Management
Compliance
Acquisitions
Relevant Roles
Real Estate Director
Property Development Manager
Investment Manager
Legal Counsel
Commercial Property Broker
Real Estate Investment Analyst
Property Portfolio Manager
Acquisition Manager
Real Estate Finance Manager
Development Director
Asset Manager
Property Operations Manager
Risk Management Officer
Compliance Officer
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