Deed of conveyance
A final deed of conveyance is the last document in the sale of real estate and property. The deed is proof of documentation that you are the rightful owner of the property. For this reason, the agreed purchase price will not be transferred to the seller’s bank account before registering the deed at The Danish […]
Registration of mortgage (loan) in real estate and stamp duty refund
As a buyer, when you register mortgage in real estate, you must pay a fixed and variable registration fee to the state. The variable fee is equal to 1.45% of the total mortgage loan amount, whereas the fixed registration fee is equal to DKK 1,730, according to section 5a (1) of the Danish Act on […]
Material errors and defects in real estate – what should you be especially aware of?
After being handed the keys to your future home, it’s not unusual for you to discover material errors and defects in the property. The question is: what rights do you have as a buyer, and what should you be especially aware of? If the seller has had a condition report and an electrical installation report […]
Reimbursement of real estate expenses
A reimbursement statement is the final settlement of financial accounts between buyer and seller in a property deal. It covers all the costs that the seller has paid prior to the handover date, and that extend into the buyer’s ownership period. You can read more below about what a reimbursement statement typically includes, when the refund […]
Conditional purchase agreement
A purchase agreement can be made conditional in connection with a home sale. There can be both benefits and downsides attached to this type of agreement. In this blog, we will dive into conditional purchase agreements – what they are, what rules relate to them, their advantages, and disadvantages, and much more. In other words, […]
Buying a villa apartment (villalejlighed) – what should you as a buyer be aware of?
Villa apartment, ideal share, two-family house—there are many names for it. Many people have probably heard of this type of home before, but what exactly should you, as a buyer, pay special attention to when choosing to ‘share’ a house with another family? When you buy a villa apartment, you buy: 1: Shared ownership of […]
What are your options as a buyer in the event of liability waivers in the purchase agreement?
When you deal in real estate in Denmark as a buyer, you will often find purchase agreements in which the seller excludes, or attempts to exclude, their liability for any faults or omissions in the property/building. For example, there may be liability waivers regarding the size of the living space, land conditions, or recessed ceilings […]
Buying a summer house in Denmark – eight things to consider before you sign an agreement
1. Do you meet the residence requirement? In order to purchase a summer house in Denmark, you must have been resident in this country as defined by the Danish Act on the Acquisition of Real Estate (Erhvervelsesloven) or have lived in Denmark for a total of five years pursuant to Section 1 of the Act […]
How do buildings worthy of preservation affect you as a buyer?
Let’s establish one thing first: if a house is listed, then this applies to the entire building, both inside and out. In that case, any changes must be approved by the Agency for Culture and Palaces. If, on the other hand, the house is designated as “worthy of preservation”, this will generally only affect the […]
How does a typical real estate deal in Denmark proceed?
After having viewed the property, the buyer and seller enter into a purchase agreement, to specify the terms of the sale. These include the agreed purchase price, date of takeover, and the individual terms that the buyer and seller have agreed upon. Before you as a buyer consider looking at a property and making an […]