At Paragraf Advokaterne, we advise buyers and sellers of real estate on a daily basis.
We also have extensive expertise in neighbor cases, including cases regarding:
Defects in real estate cover a varied group of cases between buyer and seller, where the buyer, after taking over the property, finds that something is not as agreed or assumed.
If the seller has deliberately failed to disclose defects that the seller knew about or should have known about, the buyer may claim compensation equal to the costs of rectifying the defects.
If the seller did not know or should have known about the damage, but the cost of repair cannot be considered trivial, the court may award the buyer a proportional reduction in the purchase price. In a proportional reduction, the court estimates how much less the buyer would have paid for the property if they had known about the defect at the time of purchase. Damage is considered not trivial if the repair costs exceed approximately 4-6 % of the purchase price.
If the property is the subject of a condition report prepared at the time of transfer, and the seller has offered to pay half of the cost of change of ownership insurance, the seller is generally not liable for any defects that may later become apparent. The buyer may instead ask the change of ownership insurance to pay for the repair of the damage. If the buyer has chosen not to take out change of ownership insurance, the buyer must pay for the repair themselves.
However, certain types of defects are exempt from the seller's liability when it comes to defects in real estate. These include, for example:
At a foreclosure auction, a creditor can sell the debtor's assets if the debtor cannot pay his debt or if the debtor does not comply with a set repayment schedule. The most well-known are foreclosure auctions of real estate, but other assets can also be sold at auction, such as cars, boats and other valuable items that the debtor may own.
We regularly conduct forced auctions on behalf of creditors, but we also advise debtors who are at risk of losing their house in a forced auction. If you would like help and advice in connection with a forced auction, you are very welcome to contact us for a non-binding discussion. We advise buyers and sellers of real estate on a daily basis.
Paragraf Lawyers are specialized in legal assistance for neighboring cases, such as
We have a double-digit number of boundary transactions and neighbor cases running all over Denmark at any given time.
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