The Property Sales Agreement is a fundamental legal document used in Danish real estate transactions to formalize the transfer of property ownership. It is essential for both residential and commercial property sales in Denmark, requiring compliance with specific local regulations including the Danish Sale of Goods Act (K脙茠脗赂beloven) and the Registration of Property Act (Tinglysningsloven). This document should be used whenever there is a transfer of real property ownership in Denmark, whether between private individuals, companies, or a combination thereof. The agreement includes mandatory elements such as energy performance certificates, property condition reports, and detailed property registration information. It must account for Danish-specific requirements regarding property registration, mortgage arrangements, and energy certification while providing comprehensive protection for both parties' interests through clear terms and conditions.
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Key Requirements PROMPT example:
Property Sales Agreement
I need a Property Sales Agreement under Danish law for a residential apartment in Copenhagen, with completion planned for March 2025, including specific provisions for existing tenant rights and the transfer of solar panel warranties.
1. Parties: Identification of the seller and buyer with full legal names, addresses, and CPR/CVR numbers
2. Background: Context of the sale and brief description of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, land registry number (matrikelnummer), and registered area
5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements
6. Condition of Property: Current state of the property, including known defects and seller's declarations
7. Property Inspection: Details of surveys conducted and buyer's inspection rights
8. Energy Performance: Energy rating and certification details as required by Danish law
9. Title and Registration: Confirmation of title, process for registration transfer, and handling of existing mortgages
10. Completion: Completion date, handover procedures, and key transfer arrangements
11. Costs and Taxes: Allocation of transaction costs, property taxes, and utilities
12. Representations and Warranties: Standard warranties from seller regarding property ownership and condition
13. Default and Remedies: Consequences of breach by either party and available remedies
14. Governing Law: Confirmation of Danish law governance and jurisdiction
15. Signatures: Execution blocks for all parties and witnesses
1. Tenant Rights: Required if the property is currently leased - details of existing tenancies and their treatment
2. Planning Permissions: Include if there are ongoing or pending planning applications or restrictions
3. Environmental Matters: Required if property has known environmental issues or special protections
4. Fixtures and Fittings: Detailed list of items included/excluded in sale if different from standard inclusions
5. Mortgage Assignment: Required if existing mortgages are being transferred rather than discharged
6. Construction Warranties: Include for newer properties with active construction warranties
7. Property Management: Required for properties in shared buildings or developments with management arrangements
8. Agricultural Rights: Include for rural properties with specific agricultural designations or obligations
1. Property Plan: Official property plans and land registry maps
2. Title Documents: Copy of current title registration and encumbrances
3. Energy Performance Certificate: Current energy performance certificate (energim脙茠脗娄rke)
4. Property Condition Report: Tilstandsrapport and el-installationsrapport
5. Insurance Documents: Details of existing building insurance and claims history
6. Property Charges: Schedule of current property charges and utilities
7. Inventory List: Detailed inventory of included fixtures, fittings, and furniture if applicable
8. Planning Documents: Relevant planning permissions and certificates
9. Environmental Reports: Any environmental surveys or certifications
10. Building Technical Documentation: Technical drawings and building specifications
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Legal Services
Banking and Finance
Construction
Property Development
Property Management
Insurance
Professional Services
Agriculture (for rural properties)
Retail (for commercial properties)
Hospitality
Industrial
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Facilities
Risk Management
Commercial
Operations
Finance
Administrative Services
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Developer
Contract Manager
Facilities Manager
Commercial Director
Real Estate Investment Manager
Property Surveyor
Mortgage Advisor
Real Estate Portfolio Manager
Property Administrator
Risk Manager
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