A lawyer's reserve in a purchase agreement ensures that there is no final deal until your lawyer has gone through all the material and approved the deal.
Your lawyer does not have to explain why he has advised you against buying the property.
The wording is usually like this:
The present transaction is conditional on the buyer's adviser approving the transaction in its entirety, in accordance with paragraph 10 of the purchase agreement. Objections must be received by the seller's realtor in writing no later than 4 p.m., 4 business days after the purchase agreement is signed by both parties. If no objections are received before the deadline, the transaction is binding on the buyer, except for the right of withdrawal under the Consumer Protection Act on the acquisition of real estate.
For the sake of clarity, it should be noted that the withdrawal period under the Act runs concurrently with the objection period under this provision.
Once you have signed the purchase agreement with this reservation (and usually also a financing reservation), we will receive all documents from the estate agent and review them within the deadline. If we come across anything that is not right - or that raises questions - we can assure you that you are not obliged to complete the purchase if we cannot find a solution.
YOUR OWN CONSTRUCTION EXPERT
When buying a property, the buyer is given a condition report.
For many buyers, it is difficult to understand what the report says. How important is it to rectify a situation that has given rise to a remark in the report?
When we rectify a property transaction, we like to offer our clients a review of the house with a construction expert, where you will have the opportunity to get an in-depth and practical explanation of what is in the condition report, just as the construction expert - who is not the same person who made the report - may be able to say something more general about the house / house type in question.
NO CURE, NO PAY
BB Boligadvokat has a 'no cure - no pay' policy. If a deal falls through, you will not receive an invoice from us, even though we may have spent some time on the case. Naturally, we hope you'll come back when you've found your next property.
NO DEAL - NO INVOICE
If, contrary to expectations, the deal is not completed, you will not be invoiced by us.
SATISFACTION GUARANTEE ON ALL SERVICES
Customer satisfaction is important to us, so if our services don't meet your expectations, you don't have to pay.
100% PROPERTY LAWYER
We deal exclusively with property transactions, which means we have a great deal of knowledge and expertise in this area.
ADVICE AROUND THE CLOCK (ALMOST)
We'll deal with your case when you need us, and we're always available.
A Reimbursement Statement is a summary statement of the current income and expenditure of the property at the date of acquisition.
Expenditures included in the reimbursement statement include the following:
- Property tax
- Landowners' association dues
- Oil inventory
- Water and sewerage charges
- Common expenses
- Seller's share of the premium for property replacement insurance
A title deed is the document that officially secures your right to your newly acquired property. Whatever property* you buy, you need to have a deed registered. Once the deed has been drawn up and submitted for registration, you will have your title to the property you have bought registered and the transfer of the property will be official, and a mortgage can be registered on the property for any loans you may choose to take out in connection with the purchase.
* Not applicable to condominiums ("andelslejligheder").