The Real Estate Sales Contract is the fundamental legal document used in Irish property transactions to formalize the sale and purchase of real estate. It is essential for any property transfer in Ireland, whether residential or commercial, and must comply with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009. The contract is typically prepared following initial agreement on basic terms and after preliminary title investigations. It includes crucial details about the property, parties involved, purchase price, completion timeline, and specific conditions of sale. This document is particularly important as it provides legal protection for both parties and ensures all aspects of the property transfer are properly documented and legally binding under Irish law. It should be used whenever a formal property transfer is taking place in Ireland, and its contents should be reviewed by legal professionals representing both parties.
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1. Parties: Identification and details of the vendor and purchaser
2. Background: Context of the sale and brief description of the property
3. Definitions: Definitions of key terms used throughout the contract
4. Sale Agreement: Core agreement to sell and purchase the property
5. Purchase Price: Statement of purchase price, deposit requirements, and payment terms
6. Title: Vendor's confirmation of good marketable title and related obligations
7. Property Condition: Current condition of the property and any warranties provided
8. Planning and Development: Compliance with planning laws and development regulations
9. Completion: Completion date, requirements, and procedures
10. Risk and Insurance: Transfer of risk and insurance obligations
11. Default: Consequences of default by either party
12. Notices: Requirements for serving notices under the contract
13. Governing Law: Confirmation of Irish law as governing law
1. Tenant Rights: Required when the property is sold subject to existing tenancies
2. Management Company: Required for apartments or multi-unit developments
3. VAT: Required when the property sale is subject to VAT
4. Building Energy Rating: Required for residential properties requiring BER certificates
5. Planning Retention: Required when there are unauthorized developments requiring retention
6. Help to Buy Scheme: Required for new builds where purchaser is using the Help to Buy scheme
7. Local Authority Housing: Required when the property is subject to Part V planning conditions
8. Agricultural Land: Required when the property includes agricultural land subject to special conditions
1. Schedule 1 - Property Description: Detailed description of the property including boundaries and maps
2. Schedule 2 - Fixtures and Fittings: List of items included and excluded from the sale
3. Schedule 3 - Title Documents: List of title documents and related searches
4. Schedule 4 - Planning Documentation: List of planning permissions and related documents
5. Appendix A - Property Maps: Maps and plans showing the property boundaries and location
6. Appendix B - BER Certificate: Building Energy Rating certificate and advisory report
7. Appendix C - Management Company Documents: For apartments/multi-units: management company constitution and rules
8. Appendix D - Planning Compliance: Planning compliance documentation and certificates
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Property Management
Insurance
Investment
Residential Property
Commercial Property
Relevant Teams
Legal
Real Estate
Property Management
Sales
Compliance
Investment
Operations
Finance
Risk Management
Business Development
Relevant Roles
Real Estate Lawyer
Property Manager
Estate Agent
Conveyancing Solicitor
Property Developer
Investment Manager
Real Estate Investment Director
Property Portfolio Manager
Legal Counsel
Compliance Officer
Real Estate Agent
Property Acquisitions Manager
Real Estate Transaction Manager
Development Director
Sales Director
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