Document background
The House Memorandum of Sale is a crucial document in Irish property transactions, typically prepared after an offer has been accepted but before the formal contract signing. This document serves as an official record of the preliminary agreement between parties and forms the basis for the subsequent contract of sale. It includes essential information such as the property details, agreed price, deposit arrangements, and completion timeline. Under Irish law, while the House Memorandum of Sale is not typically legally binding in itself, it is an important step in the conveyancing process and helps ensure all parties have a clear understanding of the agreed terms. The document is particularly important for solicitors preparing the contract for sale and is often referenced throughout the conveyancing process.
