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Pre Sale Purchase Agreement Template for Ireland

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Key Requirements PROMPT example:

Pre Sale Purchase Agreement

"I need a Pre Sale Purchase Agreement for a commercial office building in Dublin, with completion scheduled for March 2025, including specific provisions for phased completion and development conditions as the property is part of a larger business park development."

Document background
The Pre Sale Purchase Agreement serves as a crucial preliminary document in Irish property transactions, establishing the framework for the subsequent sale and purchase of property. It is typically used when parties wish to formalize their intentions and agree on key terms before proceeding to a final contract of sale. The agreement captures essential elements including property details, price, deposit arrangements, conditions precedent, and completion mechanics, while ensuring compliance with Irish property law requirements. This document is particularly important in complex property transactions, new developments, or where there are specific conditions that need to be satisfied before proceeding to completion. It provides both parties with clarity and security regarding their rights and obligations, while allowing necessary due diligence to be conducted before final commitment.
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. Agreement to Sell: Core agreement terms including the property description and purchase price

5. Deposit: Details of the deposit amount, payment terms, and conditions for holding/release

6. Conditions Precedent: Conditions that must be satisfied before the agreement becomes fully effective

7. Title and Searches: Vendor's obligations regarding title documentation and purchaser's rights to conduct searches

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

9. Completion: Completion date, mechanics, and requirements

10. Vacant Possession: Obligations regarding delivery of vacant possession

11. Risk and Insurance: Provisions regarding property risk and insurance requirements until completion

12. Default: Consequences of default by either party

13. Notices: Process for serving notices under the agreement

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

Optional Sections

1. Tenant Rights: Required when the property is sold subject to existing tenancies

2. Management Company: Required for apartments or properties in managed developments

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

4. Development Conditions: Required when the property is part of an ongoing development

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

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

7. Phase Completion: Required when the property is part of a phased development

8. Snag List: Required for new builds or properties under construction

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property including boundaries and any included fixtures and fittings

2. Schedule 2 - Title Documents: List of title documents and certified copies to be delivered

3. Schedule 3 - Planning Documentation: List of planning permissions, certificates, and compliance documentation

4. Schedule 4 - Vendor's Warranties: Detailed warranties given by the vendor regarding the property

5. Appendix 1 - Property Plans: Maps and plans showing the property boundaries and location

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

7. Appendix 3 - Form of Deed of Assurance: Draft form of the deed to be executed at completion

8. Appendix 4 - Completion Requirements: Detailed list of items required for completion

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

Property Development

Commercial Property

Residential Property

Legal Services

Banking and Finance

Property Investment

Urban Development

Infrastructure

Relevant Teams

Legal

Real Estate

Property Management

Commercial Development

Acquisitions

Investment

Compliance

Contract Administration

Property Operations

Due Diligence

Relevant Roles

Property Lawyer

Real Estate Agent

Property Developer

Commercial Property Manager

Legal Counsel

Property Investment Manager

Conveyancing Solicitor

Contract Manager

Property Portfolio Manager

Development Director

Real Estate Investment Manager

Legal Director

Property Acquisition Manager

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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