Contract To Sell Property

Contract To Sell Property Template for Ireland

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Key Requirements PROMPT example:

"I need a Contract to Sell Property for a commercial warehouse in Dublin, with completion scheduled for March 2025, including specific provisions for existing tenant rights and transfer of ongoing service contracts."

Document background

The Contract to Sell Property is a fundamental legal document used in Irish property transactions to formalize the agreement between a vendor (seller) and purchaser (buyer) of real property. This contract type is essential for both residential and commercial property sales in Ireland and must comply with specific requirements under Irish property law, including the Land and Conveyancing Law Reform Act 2009 and related legislation. The document typically includes comprehensive details about the property, purchase price, completion arrangements, title warranties, and various conditions precedent to completion. It serves as the primary agreement governing the transaction and forms the basis for the conveyancing process. The contract must address various aspects such as planning compliance, property condition, title quality, and any specific requirements related to the property type or transaction structure.

Suggested Sections

1. Parties: Identifies and provides full legal details of the vendor and purchaser

2. Background: Establishes the context of the sale, including the vendor's ownership and authority to sell

3. Definitions: Defines key terms used throughout the contract

4. Property Description: Detailed description of the property being sold, including its folio number and boundaries

5. Purchase Price: Specifies the agreed purchase price and payment terms, including deposit requirements

6. Completion: Sets out the completion date and procedures for closing the sale

7. Title: Vendor's warranties regarding their right to sell and the quality of title

8. Planning and Development: Confirmations regarding planning permissions and compliance

9. Condition of Property: State of the property and any included fixtures and fittings

10. Representations and Warranties: Standard warranties given by the vendor regarding the property

11. Risk and Insurance: Provisions regarding responsibility for the property until completion

12. Notices: How and where notices between parties should be served

13. Governing Law: Confirms Irish law governs the agreement

14. Execution: Signature blocks and execution requirements

Optional Sections

1. Tenant Rights: Required if the property is currently tenanted, addressing existing tenancy agreements

2. VAT: Required if the transaction is subject to VAT

3. Management Company: Required for apartments or managed developments, detailing management company obligations

4. Planning Permission Conditions: Required if there are ongoing planning conditions or restrictions

5. Development Rights: Required if selling with specific development potential or restrictions

6. Environmental Matters: Required if there are environmental issues or protections affecting the property

7. Rights of Way: Required if there are specific access rights or easements

8. Service Charges: Required for properties subject to service charges or management fees

9. Mortgage Details: Required if the property is being sold subject to an existing mortgage

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property description, boundaries, and maps

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

3. Schedule 3 - Title Documents: List of title documents and related certificates

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

5. Schedule 5 - Searches and Requisitions: Results of legal searches and responses to requisitions

6. Appendix A - Property Maps: Official maps and plans of the property

7. Appendix B - BER Certificate: Building Energy Rating certificate and advisory report

8. Appendix C - Property Service Charges: Details of any service charges or management fees

9. Appendix D - Special Conditions: Any special conditions specific to the transaction

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Property Management

Housing

Commercial Property

Retail

Hospitality

Industrial

Agriculture

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Compliance

Risk Management

Corporate Services

Operations

Finance

Investment

Acquisitions

Asset Management

Relevant Roles

Property Lawyer

Real Estate Attorney

Conveyancing Solicitor

Legal Counsel

Property Manager

Real Estate Agent

Estate Agency Director

Property Developer

Commercial Director

Facilities Manager

Legal Director

Compliance Officer

Real Estate Investment Manager

Property Portfolio Manager

Chief Legal Officer

Head of Real Estate

Property Acquisitions Manager

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Authors

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