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Commercial Real Estate Contract Template for Ireland

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Key Requirements PROMPT example:

Commercial Real Estate Contract

"I need a Commercial Real Estate Contract for purchasing a retail property in Dublin city center, with completion planned for March 2025; the property will be used as a flagship store, so I need specific clauses about storefront modifications and signage rights."

Document background
The Commercial Real Estate Contract is a crucial legal instrument used in Ireland for facilitating transactions involving commercial properties. It is essential for businesses, investors, and property developers engaging in the purchase, sale, or lease of commercial real estate assets. This document ensures compliance with Irish property law, including the Land and Conveyancing Law Reform Act 2009, while protecting the interests of all parties involved. The contract covers critical aspects such as property rights, payment terms, conditions precedent, warranties, and regulatory compliance. It is particularly relevant in today's dynamic commercial property market where clear legal documentation and risk management are essential. The document can be customized to address specific commercial requirements while maintaining its core legal framework under Irish jurisdiction.
Suggested Sections

1. Parties: Identification of the seller/landlord and buyer/tenant, including full legal names and addresses

2. Background: Context of the transaction, including brief property description and purpose of the agreement

3. Definitions: Detailed definitions of terms used throughout the agreement

4. Property Description: Comprehensive legal description of the property, including boundaries and included fixtures

5. Purchase Price/Consideration: Details of the purchase price, payment terms, and payment schedule

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

7. Title and Registration: Warranties and representations regarding property title and registration requirements

8. Completion: Process and requirements for completing the transaction

9. Seller's Covenants: Obligations and warranties provided by the seller

10. Buyer's Covenants: Obligations and undertakings of the buyer

11. Risk and Insurance: Allocation of risk and insurance requirements

12. Default and Remedies: Consequences of breach and available remedies

13. Notices: Method and addresses for formal communications

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

15. Execution: Signature blocks and execution requirements

Optional Sections

1. Planning Permission: Required when the property requires specific planning permissions or changes of use

2. Environmental Provisions: Include when there are specific environmental concerns or requirements

3. Service Charges: Needed for properties in multi-unit developments or with shared facilities

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

5. Tenant Provisions: Include when property is sold subject to existing tenancies

6. Development Rights: Required when future development potential is part of the transaction

7. Break Clause: Optional provision allowing early termination under specific circumstances

8. Mortgage Provisions: Include when property is being sold subject to existing mortgages

Suggested Schedules

1. Property Schedule: Detailed property description, including maps and plans

2. Title Documents: List of all relevant title documents and encumbrances

3. Fixtures and Fittings: Inventory of included and excluded fixtures and fittings

4. Planning Documents: Copies of relevant planning permissions and certificates

5. Environmental Reports: Environmental surveys and compliance certificates

6. Building Surveys: Technical surveys and condition reports

7. Existing Tenancies: Details of any existing lease agreements

8. Service Contracts: Details of transferable service contracts and warranties

9. BER Certificate: Building Energy Rating certificate and advisory report

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

Commercial Property

Legal Services

Banking and Finance

Property Development

Construction

Retail

Hospitality

Industrial

Office Space

Warehousing and Logistics

Professional Services

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Corporate Development

Investment

Risk and Compliance

Operations

Finance

Business Development

Asset Management

Relevant Roles

Real Estate Lawyer

Property Manager

Commercial Property Agent

Legal Counsel

Property Developer

Business Development Manager

Facilities Manager

Commercial Director

Investment Manager

Real Estate Investment Analyst

Property Portfolio Manager

Risk Manager

Compliance Officer

Real Estate Broker

Corporate Lawyer

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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