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Agreement Between Buyer And Seller Of Property Template for Ireland

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Key Requirements PROMPT example:

Agreement Between Buyer And Seller Of Property

"I need an Agreement Between Buyer And Seller Of Property for a standard residential house sale in Dublin, with completion scheduled for March 2025, including standard warranties and vacant possession upon completion."

Document background
The Agreement Between Buyer And Seller Of Property is a fundamental legal document used in Irish property transactions to formalize the sale and purchase of real estate. This agreement is essential whenever real property is being transferred from one party to another in Ireland, whether for residential, commercial, or agricultural purposes. The document incorporates key requirements under Irish property law, including provisions from the Land and Conveyancing Law Reform Act 2009, the Registration of Title Act 1964, and other relevant legislation. It details crucial aspects such as property description, purchase price, completion terms, warranties, and specific conditions while ensuring compliance with Irish conveyancing practices. The agreement serves as the cornerstone document in property transactions, protecting both parties' interests and providing a clear framework for the transfer of ownership.
Suggested Sections

1. Parties: Identifies and defines the Seller and Buyer with full legal names and addresses

2. Background: Outlines the context of the sale and confirms the Seller's ownership and right to sell

3. Definitions: Defines key terms used throughout the agreement

4. Property Description: Detailed description of the property being sold, including its address and folio number

5. Purchase Price: States the agreed purchase price and payment terms, including deposit arrangements

6. Conditions Precedent: Lists conditions that must be met before completion can occur

7. Title and Ownership: Details regarding the property's title and warranties about ownership

8. Seller's Warranties: Warranties given by the seller regarding the property's condition and legal status

9. Buyer's Warranties: Warranties given by the buyer regarding their ability to complete the purchase

10. Completion: Details of the completion process, timing, and requirements

11. Risk and Insurance: Provisions regarding property risk and insurance requirements until completion

12. Notices: How formal notices between parties should be given

13. General Provisions: Standard legal provisions including governing law, entire agreement, and severability

Optional Sections

1. Planning Permissions: Required when the property has existing planning permissions or pending applications

2. Management Company: Required for apartments or managed developments, detailing management company arrangements

3. Tenant Rights: Required when the property is sold with existing tenants

4. VAT Provisions: Required when the transaction is subject to VAT

5. Environmental Matters: Required when there are specific environmental considerations or concerns

6. Agricultural Provisions: Required for agricultural land or properties with farming rights

7. Conservation Requirements: Required for protected structures or properties in conservation areas

8. Development Rights: Required when specific development rights are being transferred or retained

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property description, boundaries, and included fixtures and fittings

2. Schedule 2 - Title Documents: List of all title documents and relevant property certificates

3. Schedule 3 - Planning Documentation: Copies of relevant planning permissions and certificates

4. Schedule 4 - Property Searches: Results of property searches and enquiries

5. Schedule 5 - Fixtures and Fittings: Detailed inventory of items included and excluded from the sale

6. Appendix A - Property Maps: Maps and plans showing the property boundaries and location

7. Appendix B - BER Certificate: Building Energy Rating certificate and advisory report

8. Appendix C - Property Photographs: Dated photographs of the property condition at time of agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions









































Clauses



































Relevant Industries

Real Estate

Property Development

Banking and Finance

Legal Services

Construction

Property Management

Insurance

Agriculture

Retail

Hospitality

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Risk Management

Operations

Finance

Acquisitions

Documentation

Administrative Support

Relevant Roles

Property Lawyer

Real Estate Agent

Property Manager

Conveyancing Solicitor

Legal Counsel

Property Developer

Mortgage Advisor

Real Estate Investment Manager

Property Surveyor

Compliance Officer

Real Estate Portfolio Manager

Property Acquisitions Manager

Legal Secretary

Title Researcher

Property Administrator

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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