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Redeemable Deed

Redeemable Deed Template for Ireland

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Key Requirements PROMPT example:

Redeemable Deed

"I need a Redeemable Deed for a commercial property in Dublin, where my development company will transfer a retail unit to an investor for €2.5M with the right to buy it back by March 2025, including provisions for tenant rights during the redemption period."

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Document background
The Redeemable Deed is a vital instrument in Irish property transactions, particularly used in situations where temporary transfer of property ownership is required with a built-in right to reclaim the property. This document type is commonly employed in financial arrangements, property development projects, and security structures. The deed must be drafted in compliance with Irish property law and registration requirements, including the Land and Conveyancing Law Reform Act 2009 and the Registration of Deeds and Title Act 2006. It includes essential elements such as property description, redemption terms, payment provisions, and covenants. The Redeemable Deed is particularly useful in situations involving property financing, sale and leaseback arrangements, or where security over property is required while maintaining the original owner's right to recover the property upon satisfying specified conditions.
Suggested Sections

1. Parties: Identification and details of the Grantor (person granting the deed) and Grantee (person receiving the deed with redemption rights)

2. Background: Context of the transaction, relationship between parties, and purpose of the redeemable deed

3. Definitions: Definitions of key terms used throughout the deed, including 'Redemption Date', 'Property', 'Redemption Amount'

4. Property Description: Detailed legal description of the property subject to the deed, including folio numbers and boundaries

5. Grant: The operative words of transfer and the estate or interest being conveyed

6. Redemption Terms: Specific conditions under which the property can be redeemed, including timeframe and payment requirements

7. Payment Provisions: Details of any initial payment and the redemption amount

8. Covenants: Standard covenants regarding title, quiet enjoyment, and further assurance

9. Rights and Obligations: Ongoing rights and obligations of both parties during the redemption period

10. Notices: Process for serving notices between parties, particularly regarding intention to redeem

11. Execution: Formal execution block including witness requirements

Optional Sections

1. Security Provisions: Required when the deed is being used as security for a loan or other obligation

2. Insurance: Include when specific insurance requirements are needed during the redemption period

3. Maintenance Obligations: Include when there are specific requirements for property maintenance during the redemption period

4. Third Party Rights: Include when there are existing third-party rights that need to be preserved or addressed

5. Default Provisions: Include when specific consequences of default need to be outlined

6. Assignment Rights: Include when either party needs the right to assign their interest

7. Dispute Resolution: Include when specific dispute resolution procedures are required

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property description, including maps and plans if applicable

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and redemption amount calculations

3. Schedule 3 - Permitted Use: If applicable, specific conditions regarding how the property may be used during the redemption period

4. Schedule 4 - Existing Encumbrances: List of any existing charges, easements or rights affecting the property

5. Appendix A - Plans and Maps: Property maps, floor plans, or other relevant drawings

6. Appendix B - Required Notices: Forms of notices to be used for redemption or other formal communications

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

alex.den.21@genieai.co
Relevant legal definitions




























Clauses

























Relevant Industries

Real Estate

Banking & Finance

Property Development

Investment Management

Construction

Legal Services

Corporate Finance

Asset Management

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Finance

Risk & Compliance

Property Management

Investment

Corporate Affairs

Operations

Asset Management

Treasury

Relevant Roles

Property Lawyer

Real Estate Manager

Finance Director

Property Developer

Investment Manager

Legal Counsel

Conveyancing Solicitor

Commercial Property Manager

Risk Manager

Compliance Officer

Trust Manager

Asset Manager

Property Portfolio 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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