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Purchase Sale Agreement Form Template for Ireland

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Key Requirements PROMPT example:

Purchase Sale Agreement Form

"I need a Purchase Sale Agreement Form for a commercial warehouse property in Dublin, valued at €2.5 million, with existing tenant leases that need to be preserved and specific environmental compliance requirements due to current manufacturing use."

Document background
The Purchase Sale Agreement Form is a fundamental legal document used in Irish property transactions to formalize the sale and purchase of real estate. It serves as the primary contract between the vendor and purchaser, incorporating all essential terms, conditions, and obligations required under Irish law. This document is crucial for both residential and commercial property transactions, ensuring compliance with the Land and Conveyancing Law Reform Act 2009 and other relevant Irish legislation. It typically includes detailed provisions about the property, price, completion timeline, warranties, and specific conditions of sale. The agreement provides legal protection for all parties involved and creates a binding framework for the successful completion of the property transfer.
Suggested Sections

1. Parties: Identifies and defines the Vendor/Seller and Purchaser/Buyer with full legal names and addresses

2. Background: Recitals explaining the context of the sale and basic information about the property

3. Definitions: Defines key terms used throughout the agreement

4. Sale and Purchase: Core agreement to sell and purchase the property, including the purchase price

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

6. Completion: Specifics about the completion date, process, and requirements

7. Title and Searches: Vendor's obligations regarding title, purchaser's rights to raise requisitions, and search requirements

8. Vendor's Warranties: Standard warranties about the property's condition, title, and other relevant matters

9. Property Condition: Status of the property, fixtures and fittings, and any known issues

10. Risk and Insurance: Allocation of risk and insurance responsibilities before completion

11. Notices: Process for serving notices between parties

12. Entire Agreement: Confirmation that the agreement represents the entire understanding between parties

13. Governing Law: Specifies Irish law as governing law and jurisdiction

14. Execution: Signature blocks and execution formalities

Optional Sections

1. Vacant Possession: Required when the property is sold with vacant possession, specifying the conditions

2. Tenancies: Include when the property is sold subject to existing tenancies

3. Planning Conditions: Required when there are specific planning permissions or restrictions affecting the property

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

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

6. Service Charges: Include for properties subject to service charges or management companies

7. New Build Provisions: Required for new construction properties, including warranties and certifications

8. Break Clause: Optional provision allowing either party to terminate under specific circumstances

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property including boundaries and registered title number

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

3. Schedule 3 - Special Conditions: Any special conditions or requirements specific to this transaction

4. Schedule 4 - Form of Transfer: Agreed form of transfer deed to be executed at completion

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

6. Appendix B - Planning Documents: Copies of relevant planning permissions and certificates

7. Appendix C - Title Documents: Copies of title documents and registry entries

8. Appendix D - Searches: Results of local authority and other relevant searches

Authors

Alex Denne

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

Relevant legal definitions









































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Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Industrial

Agriculture

Hospitality

Healthcare

Education

Office Space

Manufacturing

Logistics

Mixed-Use Development

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Operations

Finance

Compliance

Risk Management

Business Development

Commercial

Administration

Relevant Roles

Legal Counsel

Property Lawyer

Real Estate Manager

Conveyancing Solicitor

Property Developer

Estate Agent

Commercial Director

Facilities Manager

Property Investment Manager

Compliance Officer

Risk Manager

Business Development Manager

Operations Director

Finance Director

Company Secretary

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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