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Closing Agreement (Real Estate) Template for Denmark

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Closing Agreement (Real Estate)

I need a standard Real Estate Closing Agreement for the purchase of a residential property in Copenhagen, Denmark, with completion scheduled for March 15, 2025, with particular attention to the transfer of existing solar panel leasing agreements and integration of smart home systems.

What is a Closing Agreement (Real Estate)?

The Closing Agreement (Real Estate) is a crucial document used in Danish property transactions to effect the final transfer of real estate from seller to purchaser. It is typically prepared after the initial purchase agreement has been signed and all conditions precedent have been satisfied. This document type is essential in Danish real estate practice as it coordinates the completion mechanics, including payment of the purchase price, registration of title transfer in the land registry, and practical handover arrangements. The agreement ensures compliance with Danish property law requirements, including necessary representations about the property's condition, energy certification, and tax matters. A Closing Agreement (Real Estate) is required for both residential and commercial property transactions in Denmark, though the complexity may vary depending on the nature and value of the property being transferred.

What sections should be included in a Closing Agreement (Real Estate)?

1. Parties: Identification of the seller and purchaser, including full legal names, addresses, and registration numbers for any companies

2. Background: Context of the transaction, including reference to the purchase agreement and any relevant pre-conditions

3. Definitions: Key terms used throughout the agreement, including specific Danish legal terminology

4. Property Details: Full legal description of the property, including land registry details and cadastral number

5. Purchase Price: Final purchase price and confirmation of payment arrangements

6. Closing Requirements: List of documents and actions required from each party to complete the transfer

7. Transfer of Ownership: Specific provisions regarding the transfer of title and registration in the land registry

8. Handover of Property: Practical arrangements for physical handover of the property and keys

9. Utilities and Running Costs: Arrangements for transfer of utility accounts and pro-rating of running costs

10. Tax Matters: Property tax allocations and responsibilities

11. Representations and Warranties: Final confirmations regarding the property's condition and legal status

12. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction

13. Signatures: Execution blocks for all parties and any required witnesses

What sections are optional to include in a Closing Agreement (Real Estate)?

1. Mortgage Arrangements: Required if there are existing mortgages to be discharged or new mortgages to be registered

2. Tenant Provisions: Required if the property is sold with existing tenants

3. Environmental Matters: Required if there are specific environmental issues or requirements

4. Construction Completion: Required for new builds or properties under renovation

5. Property Management: Required for commercial properties with ongoing management arrangements

6. VAT Elections: Required for commercial properties where VAT registration is relevant

What schedules should be included in a Closing Agreement (Real Estate)?

1. Property Description Schedule: Detailed technical description of the property including boundaries and installations

2. Title Documents: Copies of relevant title documents and land registry extracts

3. Energy Performance Certificate: Mandatory energy rating documentation

4. Property Condition Report: Technical assessment of property condition

5. Utility Reading Schedule: Final meter readings and utility account details

6. Key Schedule: Inventory of keys, access cards, and security codes

7. Outstanding Orders Schedule: List of any municipal or authority orders affecting the property

8. Insurance Schedule: Details of property insurance arrangements

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses

































Relevant Industries

Real Estate

Commercial Property

Residential Property

Banking & Finance

Construction

Property Development

Legal Services

Property Management

Urban Development

Agriculture

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Facilities

Operations

Finance

Investment

Risk Management

Business Development

Administrative Support

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Compliance Officer

Transaction Manager

Real Estate Director

Property Developer

Investment Manager

Facilities Manager

Real Estate Investment Analyst

Asset Manager

Banking Officer

Mortgage Advisor

Real Estate Administrator

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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