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The Option Agreement Land is a strategic document used in Danish real estate transactions when a party wishes to secure the right to purchase land without immediate commitment to the full purchase. This agreement type is particularly valuable in development projects, strategic land acquisitions, or when pending conditions (such as planning permission or financing) need to be resolved before a full purchase can proceed. The document must comply with Danish property law requirements and typically includes comprehensive details about the land, option terms, exercise procedures, and any conditions precedent. The agreement provides the option holder with security while maintaining flexibility, and the option grantor with certain compensation for keeping the land available. Essential considerations include registration requirements under Danish law, environmental regulations, and local planning restrictions.

1. Parties: Identification of the option grantor (landowner) and option holder, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement, including the parties' intentions and any relevant prior discussions or agreements

3. Definitions: Definitions of key terms used throughout the agreement, including Property, Option Period, Option Price, and Exercise Notice

4. Grant of Option: Core provision granting the option right to purchase the property, specifying whether exclusive or non-exclusive

5. Option Period: Duration of the option, including start date, end date, and any extension mechanisms

6. Option Price: Details of the option fee and the agreed purchase price for the property if the option is exercised

7. Exercise of Option: Procedure for exercising the option, including notice requirements and timing

8. Property Description: Detailed description of the land subject to the option, including cadastral references and area

9. Title Guarantee: Landowner's warranties regarding title and encumbrances on the property

10. Completion Requirements: Obligations of both parties upon exercise of the option, including completion timeline and procedures

11. Default and Termination: Consequences of breach and circumstances allowing early termination

12. Registration: Provisions regarding registration of the option agreement in the Danish Land Registry

13. Notices: Format and procedure for giving notices under the agreement

14. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes