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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."
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
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
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
Real Estate
Commercial Property Development
Retail
Hospitality
Industrial Manufacturing
Logistics and Warehousing
Healthcare
Education
Financial Services
Professional Services
Technology
Agriculture
Legal
Real Estate
Finance
Compliance
Risk Management
Facilities Management
Business Development
Operations
Property Management
Investment
Corporate Development
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
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