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Contract For The Sale And Purchase Of (Real Estate) Template for Ireland

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Key Requirements PROMPT example:

Contract For The Sale And Purchase Of (Real Estate)

"I need a Contract For The Sale And Purchase Of (Real Estate) for a straightforward residential property purchase in Dublin, Ireland, with completion scheduled for March 2025, including standard warranties and vacant possession requirements."

Document background
The Contract For The Sale And Purchase Of (Real Estate) is a fundamental legal document used in Irish property transactions to formalize the transfer of real estate ownership. This document is essential whenever real property is being sold in Ireland, whether for residential, commercial, or agricultural purposes. It incorporates crucial elements required by Irish property law, including provisions from the Land and Conveyancing Law Reform Act 2009, the Registration of Title Act 1964, and other relevant legislation. The contract details all aspects of the transaction, from property description and purchase price to completion procedures and post-completion obligations. It's designed to protect both parties' interests while ensuring compliance with Irish legal requirements for property transfer, including proper title investigation, planning permissions, and property registration procedures.
Suggested Sections

1. Parties: Identification of the Vendor and Purchaser with full legal names and addresses

2. Background: Context of the transaction and brief description of the property being sold

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

4. Sale and Purchase: Core agreement to sell and purchase the property at the specified price

5. Purchase Price: Details of the purchase price, deposit, and payment terms

6. Title: Vendor's confirmation of good marketable title and requirements for proving title

7. Conditions Precedent: Any conditions that must be satisfied before completion can occur

8. Completion: Timing and procedures for completion of the sale

9. Vendor's Obligations: Specific obligations of the vendor before and at completion

10. Purchaser's Obligations: Specific obligations of the purchaser before and at completion

11. Representations and Warranties: Standard warranties about the property's condition and title

12. Risk and Insurance: Responsibility for the property and insurance requirements until completion

13. Default: Consequences of either party failing to complete the transaction

14. Notices: How formal notices between parties should be given

15. Governing Law: Confirmation that Irish law governs the agreement

Optional Sections

1. Planning Permissions: Details of planning permissions when relevant to recent construction or modifications

2. Tenant Provisions: Required when the property is sold subject to existing tenancies

3. New Build Provisions: Specific provisions for newly constructed properties including warranties

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

5. Management Company: Required for apartments or managed developments

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

7. Development Obligations: Required when the property is part of an ongoing development

8. Agricultural Provisions: Required for agricultural land sales

9. Family Home Protection: Required when the property is a family home requiring spousal consent

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property including folio numbers and maps

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

3. Schedule 3 - Title Documents: List of title documents and certified copies to be handed over

4. Schedule 4 - Requisitions on Title: Standard and specific requisitions on title and replies

5. Schedule 5 - Vendor's Warranties: Detailed warranties given by the vendor about the property

6. Appendix 1 - Property Maps/Plans: Official maps and plans of the property

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

8. Appendix 3 - BER Certificate: Building Energy Rating certificate and advisory report

9. Appendix 4 - Service Contracts: Details of any transferring service contracts or maintenance agreements

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

Construction

Banking and Finance

Legal Services

Property Development

Property Management

Agriculture

Residential Property

Commercial Property

Public Sector

Relevant Teams

Legal

Real Estate

Property Management

Acquisitions

Investment

Compliance

Finance

Operations

Risk Management

Business Development

Relevant Roles

Real Estate Lawyer

Property Solicitor

Real Estate Agent

Property Manager

Conveyancing Paralegal

Legal Counsel

Property Developer

Investment Manager

Real Estate Investment Director

Commercial Property Manager

Real Estate Transaction Manager

Property Acquisition Manager

Land Registration Officer

Title Insurance Officer

Property Rights Specialist

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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