Buy a residence for your child

When buying an apartment numerous topics need to be addressed.

The Danish system for purchasing and selling property is in fact quite safe if you buy through a registered real estate agent like i.e. Home, Nybolig, danbolig, Estate, EDC etc. You will normally sign a
sales contract/purchase contract with a lot of information and with 2 crucial conditions:

1. Your bank needs to approve the financial part of the trade
2. Your adviser must approve the purchase

If you put in us as your adviser in the sales contract section 11, and the condition for your purchase is that your adviser approves, you will be sure that no deal is final until we have looked through the documents, we have discussed certain matters with you, and we have approved (or cancelled) the purchase.

Besides the sales contract there are numerous of other documents to review. Plans or declaration from the city, agreement and economy within the association of owners, property taxes – just to mention a few.

When you hire us to assist with your purchase you may be sure that someone experienced and with an insurance has looked through the purchase terms and the reality you look into as a owner. We will give you a written summary of need and nice to know on the specific property and we will guide you through the process as your representative.

You standard price is DKK 7.500. There may be additional services to register the ownership on DKK 5.900. Often the real estate agent takes care of the registration. It shows in the sales agreement section 8 who is doing the registration (deed/validation or skøde/tinglysning/berigtigelse).

Furthermore we need to make sure that you may rent out the apartment to you child and at what rent. You are under the Daish tax laws obliged to charge the market rent. However, this may be very different from one area to another or from a new and to an older building.

Please feel free to contact us for help with your purchase and lease set up.