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Commercial Property Sale Contract Template for Ireland

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Key Requirements PROMPT example:

Commercial Property Sale Contract

"I need a Commercial Property Sale Contract for the purchase of a retail unit in Dublin city center, with completion scheduled for March 15, 2025, including standard warranties and representations for a straightforward property transfer with no existing tenants."

Document background
The Commercial Property Sale Contract is a fundamental legal document used in Ireland for transferring ownership of commercial real estate from a vendor to a purchaser. This document is essential when any business entity or individual is selling or purchasing commercial property in Ireland, whether it's office space, retail units, industrial facilities, or other commercial real estate. The contract must comply with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009, and includes crucial elements such as property details, purchase price, completion terms, warranties, and specific provisions for commercial property transactions. It addresses key aspects like title verification, planning compliance, environmental matters, and tax implications, while also incorporating any specific requirements related to existing tenancies or development rights. The document is typically prepared by legal professionals and requires input from various stakeholders to ensure all commercial and legal aspects are properly addressed within the Irish legal framework.
Suggested Sections

1. Parties: Identification and details of the Vendor and Purchaser, including registered addresses and company registration numbers if applicable

2. Background: Context of the sale and brief description of the property

3. Definitions: Definitions of key terms used throughout the contract

4. Sale and Purchase: Core agreement to sell and purchase the property, including the purchase price

5. Title: Vendor's confirmation of good marketable title and any known encumbrances

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

7. Deposit: Details of the deposit amount, payment terms, and stakeholder arrangements

8. Completion: Completion date, requirements, and procedures

9. Warranties: Vendor's warranties regarding the property, including planning compliance and building regulations

10. VAT and Tax Provisions: Treatment of VAT and other tax matters related to the sale

11. Risk and Insurance: Transfer of risk and insurance obligations

12. Notices: Process for serving notices under the contract

13. Entire Agreement: Confirmation that the contract represents the entire agreement between the parties

14. Governing Law: Confirmation of Irish law as governing law and jurisdiction

Optional Sections

1. Existing Tenancies: Required when the property is sold subject to existing tenancies, detailing tenant rights and obligations

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

3. Planning Permission: Required when the property is sold with specific planning permissions or pending applications

4. Service Charges: Required for properties in multi-unit developments or with shared services

5. Break Clause: Optional provision allowing either party to terminate the contract under specific circumstances

6. Phased Completion: Required for complex transactions involving staged completion

7. Development Rights: Required when specific development rights are being transferred or reserved

Suggested Schedules

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

2. Schedule 2 - Title Documents: List of title documents and details of registration

3. Schedule 3 - Fixtures and Fittings: Inventory of items included and excluded from the sale

4. Schedule 4 - Warranties: Detailed warranties given by the vendor

5. Schedule 5 - Existing Tenancies: Details of any existing leases or tenancy agreements

6. Schedule 6 - Planning Permissions: Copies of relevant planning permissions and certificates

7. Appendix A - Plans: Property plans, maps, and drawings

8. Appendix B - Building Certificates: Relevant building certificates and compliance documentation

9. Appendix C - Environmental Reports: Environmental surveys and assessments

10. Appendix D - Service Contracts: Details of transferable service contracts and maintenance agreements

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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

Commercial Property Development

Retail

Hospitality

Industrial Manufacturing

Logistics and Warehousing

Healthcare

Education

Financial Services

Professional Services

Technology

Agriculture

Relevant Teams

Legal

Real Estate

Finance

Compliance

Risk Management

Facilities Management

Business Development

Operations

Property Management

Investment

Corporate Development

Relevant Roles

Real Estate Attorney/Solicitor

Commercial Property Lawyer

Property Manager

Real Estate Developer

Commercial Director

Chief Financial Officer

Facilities Manager

Property Investment Manager

Real Estate Agent

Commercial Property Surveyor

Legal Counsel

Property Portfolio Manager

Business Development Director

Risk Manager

Compliance Officer

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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