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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."
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
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
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
Real Estate
Construction
Property Development
Commercial Property
Residential Property
Legal Services
Banking and Finance
Property Investment
Urban Development
Infrastructure
Legal
Real Estate
Property Management
Commercial Development
Acquisitions
Investment
Compliance
Contract Administration
Property Operations
Due Diligence
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
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