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Commercial property sale/buy

Are you facing the purchase or sale of a commercial property? Then KROMANN Law Firm can advise you through the many aspects of the transaction.

A commercial property is a property used for business purposes. This may include offices, retail stores, commercial premises, production facilities, agricultural properties, or investment/rental properties.

The process of buying and selling commercial real estate is typically more complex than purchasing residential property. A number of different legal and commercial issues usually arise in commercial transactions, and different rules apply compared to residential property deals.

For example, a seller of commercial property cannot exclude liability for the property in the same way as with residential transactions involving condition reports, and buyers cannot obtain a standard owner’s insurance (ejerskifteforsikring) as in residential property purchases. In addition, servitudes or easements may exist that restrict how the property can be used for business purposes.

Whether you are buying or selling a commercial property, KROMANN Law Firm is ready to assist you throughout the entire process. With us as your legal advisor, you gain clarity in the transaction and reduce the risk of costly surprises. We are familiar with the typical pitfalls that arise in property deals and help you avoid disputes along the way.

WE HELP YOU BEFORE AND AFTER SIGNING THE PURCHASE AGREEMENT

We assist you in reviewing the many documents you need to consider before and after signing the purchase agreement. In addition, we register the digital deed for the property and prepare the settlement statement. We always recommend including a legal advisor (advokat) clause in the purchase agreement.

Our services include, among others:

• Legal review of the purchase agreement and all related documents

• Assistance in negotiating the terms of the agreement – for example price, takeover date, renovation work prior to transfer, etc.

• Review of the property’s insurance arrangements

• Advice on the consequences of registered easements and obligations

• Advice on the right of first refusal under tenancy law in connection with the transfer of residential rental properties

• Completion of the transaction, registration, settlement statement, etc.

INDEPENDENT LEGAL ADVICE

As your lawyer, we act as your impartial and professional advisor, representing only your interests. You can therefore be confident that our advice is independent of other parties such as insurance companies, mortgage institutions, and banks. Always remember to include a legal advisor clause in the purchase agreement.

Call us on +45 8618 1102 and/or email kontakt@advokatkromann.dk, and we will guide you safely through all stages of the property transaction.