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Agreement To Buy Property Template for Ireland

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Key Requirements PROMPT example:

Agreement To Buy Property

"I need an Agreement To Buy Property for a Grade II listed commercial building in Dublin, Ireland, which includes special provisions for historical preservation and existing retail tenants who will remain after the purchase completes in March 2025."

Document background
The Agreement To Buy Property is a crucial legal document used in Irish property transactions to formalize the sale and purchase of real estate. It serves as the primary contract between a vendor (seller) and purchaser (buyer), documenting all essential aspects of the property transaction. This agreement is particularly important in the Irish legal context as it must comply with specific requirements under the Land and Conveyancing Law Reform Act 2009 and related legislation. The document is typically prepared following initial negotiations and agreement on key terms, but before the formal exchange of contracts. It includes comprehensive details about the property, price, payment terms, conditions precedent, completion requirements, and various warranties and representations. The agreement also addresses specific Irish legal requirements such as planning permissions, BER certificates, and title registration requirements with the Land Registry.
Suggested Sections

1. Parties: Identifies and provides full details of the Vendor and Purchaser

2. Background: Establishes the context of the sale and the parties' intentions

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules of interpretation

4. Sale and Purchase: Core agreement for the sale and purchase of the property, including the exact property description

5. Purchase Price: Specifies the agreed purchase price, deposit requirements, and payment terms

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

7. Title and Title Guarantees: Vendor's warranties regarding ownership and right to sell the property

8. Property Condition and Representations: Statements about the condition of the property and any representations made by the vendor

9. Period Between Exchange and Completion: Obligations of both parties during the period between contract exchange and completion

10. Completion: Requirements and procedures for completing the sale

11. Risk and Insurance: Allocation of risk and insurance responsibilities before completion

12. Default: Consequences of default by either party and available remedies

13. Notices: How formal notices under the agreement must be given

14. General Provisions: Standard boilerplate clauses including governing law, entire agreement, and severability

Optional Sections

1. Planning and Development: Required when the property requires or has pending planning permissions

2. Existing Tenancies: Required when the property is sold subject to existing tenancies

3. VAT: Required when the transaction is subject to VAT

4. Management Company Provisions: Required for apartments or properties in managed developments

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

6. New Build Provisions: Required for newly constructed properties, including warranties and snag list procedures

7. Rural Property Provisions: Required for agricultural land or properties with special rural considerations

8. Listed Building Provisions: Required for protected structures or buildings with historical significance

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property including boundaries, maps, and plans

2. Schedule 2 - Fixtures and Fittings: Comprehensive list of items included and excluded from the sale

3. Schedule 3 - Title Documents: List of all relevant title documents and encumbrances

4. Schedule 4 - Property Certificates: BER certificate, planning documents, and other relevant certificates

5. Schedule 5 - Special Conditions: Any special conditions specific to this sale

6. Appendix 1 - Property Plans: Maps, floor plans, and other visual representations of the property

7. Appendix 2 - Planning Documentation: Copies of relevant planning permissions and applications

8. Appendix 3 - Search Results: Results of various property searches and enquiries

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

Residential Property

Commercial Property

Construction

Banking and Finance

Legal Services

Agriculture

Retail

Hospitality

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Compliance

Risk Management

Finance

Operations

Corporate Development

Investment

Relevant Roles

Real Estate Lawyer

Property Manager

Estate Agent

Conveyancing Solicitor

Legal Counsel

Property Developer

Facilities Manager

Real Estate Investment Manager

Commercial Property Director

Land Acquisition Manager

Property Portfolio Manager

Real Estate Finance Manager

Compliance Officer

Risk Manager

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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