International Law

Purchasing Real Estate in Sweden - Additional Clauses in the Purchase Contract

Posted on February 08, 2007
In addition to the compulsory content of a Swedish real estate purchase contract a number of clauses are usually to be found. The most common are covering the following: Payment Conditions Normally a down payment is made at the signing of the purchase contract...

Purchasing Real Estate in Sweden - Compulsory content of the purchase contract

Posted on December 15, 2006
The purchase contract has to be in writing and 1) identify the real estate, 2) set out the sales price, 3) contain a clear statement of the seller?s intention to sell and 4) be signed by both parties. A contract that does not meet the formal requirements 1?4 above is void...

Purchasing Real Estate in Sweden ? Normal Content of a Purchase Contract

Posted on December 13, 2006
A normal purchase contract for a private home in Sweden would contain i.a. the following headings: 1. Seller 2. Buyer 3. Real Estate 4. Transfer Date 5. Purchase Price 6...

Purchasing Real Estate in Sweden - The normal way a real estate (private home) transaction is carried out in Sweden

Posted on December 07, 2006
The seller finds a suitable real estate agent, who advertises the real estate in newspapers and on the internet. The potential buyer gets in touch with the real estate agent, who shows the house to to the buyer and presents the pertinent facts about the house and its running costs...

To access this complete feed in the blog feed reader login or register for free.

Purchasing Real Estate in Sweden - The parties involved in a Swedish real estate transaction - Building Inspector

Posted on November 30, 2006
As I will explain in a future post, the buyer of Swedish real estate has a far-reaching obligation to ensure that the property he or she is going to purchase does not contain any defects. It is thus advisable for the buyer to engage a building inspector to carry out a thorough inspection of the property; preferably before signing the purchase contract...

Purchasing Real Estate in Sweden - The parties involved in a Swedish real estate transaction - Bank

Posted on November 28, 2006
The buyer?s bank will normally be involved in the financing of the purchase either by lending or by connecting the buyer with providers of the long-term financing. The closing and take-over of the real estate usually takes place at the buyer?s bank.

Purchasing Real Estate in Sweden - The parties involved in a Swedish real estate transaction - Real Estate Agent

Posted on November 27, 2006
In almost all real estate transfers in Sweden a real estate agent is involved. The real estate agent is commissioned by the seller and will be solely paid by the seller, but has an obligation according to the Real Estate Agent Act (Fastighetsmäklarlagen 1995:400) to ?carry out his commission carefully and in all observe generally accepted estate agency practice...

Purchasing Real Estate in Sweden - The parties involved in a Swedish real estate transaction - Buyer

Posted on November 23, 2006
If the buyer is a limited liability company it is wise to have the buyer present a resolution by the board of directors of the company approving the purchase. The managing director of a company is normally not allow to decide on purchases of real estate on his or her own, unless sales and purchases of real estate constitutes the normal business of the company...

Purchasing Real Estate in Sweden - The parties involved in a Swedish real estate transaction - Seller

Posted on November 20, 2006
If the seller is a married, it will most likely be necessary to obtain the spouse?s consent to the sale. Such consent must be made in writing in the document used for registration purposes. However, to be on the safe side, it is advisable to have the spouse sign his or her consent also in the purchase contract even if it is the bill of purchase that is used in connection with the registration...

Purchasing Real Estate in Sweden - Documentation of a Real Estate Transaction in Sweden

Posted on November 17, 2006
The documentation ordinarily consists of a Purchase Contract setting out all the provisions of the transaction and a Bill of Purchase confirming the transfer of title and the payment of the full purchase price. Normally the purchase contract for a private home would cover four to six pages and for a commercial property not more than ten to fifteen...

Bloggers, promote your law blog by nominating your blog for inclusion in USLaw.com's Law Blog Directory and RSS Reader. Benefits described.