Document background
The Bargain and Sale Deed is a fundamental document in Irish property law used to transfer ownership of real property. It is typically employed in both residential and commercial property transactions where there is a direct transfer of ownership from one party to another. The deed must comply with Irish legal requirements, particularly the Land and Conveyancing Law Reform Act 2009 and related legislation. It contains essential information including the parties' details, property description, consideration, and any rights or reservations affecting the property. This document is crucial for establishing clear title and must be registered with the Property Registration Authority of Ireland. It's commonly used in standard property sales, corporate real estate transactions, and family property transfers, providing legal evidence of the property transfer and protecting both parties' interests.
