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Assignment Contract (Real Estate)
I need a Danish Assignment Contract (Real Estate) for transferring a commercial office building in Copenhagen with multiple existing tenants, ensuring all lease agreements are properly assigned and including specific provisions for service contract transfers.
1. Parties: Identification and details of the assignor and assignee, including full legal names, addresses, and registration numbers if applicable
2. Background: Context of the assignment, including brief property history and reason for assignment
3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, etc.
4. Property Description: Detailed description of the property being assigned, including address, land registry details, and cadastral number
5. Assignment: Core terms of the assignment, including what rights and obligations are being transferred
6. Purchase Price: The agreed purchase price and payment structure, including any deposits or installments
7. Payment Terms: Details of how and when payments are to be made, including bank account details and payment schedule
8. Completion: Requirements and process for completion of the assignment, including timing and documentation
9. Representations and Warranties: Statements and guarantees made by both parties regarding the property and their capacity to enter into the agreement
10. Property Condition: Current state of the property and any known defects or issues
11. Handover: Process and conditions for physical handover of the property
12. Costs and Taxes: Allocation of transaction costs, registration fees, and taxes between parties
13. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes
14. Signatures: Execution blocks for all parties and witnesses if required
1. Existing Tenancies: Details of any existing tenants and lease agreements, used when the property is currently leased
2. Mortgage Arrangements: Terms regarding existing mortgages and their handling, included when there are existing mortgages on the property
3. Environmental Matters: Specific provisions regarding environmental conditions or obligations, included for properties with known environmental issues
4. Planning and Development: Details of any ongoing or planned development, included when relevant planning permissions or restrictions exist
5. Service Contracts: Information about ongoing service contracts that will be transferred, included when such contracts exist
6. Insurance: Specific insurance requirements and existing policies, included when special insurance arrangements are needed
7. VAT Election: Provisions regarding VAT status and election, included when the property is subject to VAT
8. Property Management: Arrangements for property management during transition, included for commercial properties with management needs
1. Property Details: Detailed technical description of the property, including boundaries, fixtures, and fittings
2. Title Documents: Copies of relevant title documents and land registry information
3. Property Plans: Floor plans, site plans, and other relevant property drawings
4. Existing Leases: Copies of all current lease agreements and related documents
5. Property Condition Report: Technical survey or condition report of the property
6. Service Contracts Schedule: List and copies of all service contracts to be transferred
7. Environmental Reports: Any environmental surveys or reports relating to the property
8. Planning Permissions: Copies of relevant planning permissions and certificates
9. Property Insurance Details: Current insurance policies and certificates
10. Payment Schedule: Detailed breakdown of payment structure and timings
Authors
Residential Real Estate
Commercial Real Estate
Industrial Real Estate
Retail Real Estate
Office Real Estate
Agricultural Real Estate
Mixed-Use Real Estate
Property Development
Real Estate Investment
Property Management
Legal
Real Estate
Compliance
Finance
Tax
Property Management
Investment
Operations
Risk Management
Corporate Development
Real Estate Lawyer
Property Manager
Real Estate Agent
Property Developer
Investment Manager
Legal Counsel
Compliance Officer
Tax Advisor
Property Surveyor
Real Estate Investment Analyst
Asset Manager
Transaction Manager
Portfolio Manager
Real Estate Director
Property Acquisition Manager
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