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Residential Real Estate Purchase Contract
"I need a Residential Real Estate Purchase Contract for a detached house in Dublin, with completion planned for March 2025, including standard warranties and a mortgage approval condition."
1. Parties: Identification of the vendor(s) and purchaser(s) with full legal names and addresses
2. Background: Context of the transaction and brief property description
3. Definitions: Definitions of key terms used throughout the contract
4. Property Description: Detailed description of the property including folio number, boundaries, and registered title
5. Purchase Price: Agreed purchase price, deposit amount, and payment terms
6. Completion: Closing date and completion requirements
7. Title and Documentation: Vendor's obligations regarding title, required documentation, and searches
8. Vendor's Warranties: Standard warranties regarding ownership, planning compliance, and property condition
9. Purchaser's Warranties: Confirmations regarding funding and capacity to complete
10. Conditions Precedent: Conditions that must be satisfied before completion
11. Risk and Insurance: Property risk transfer and insurance requirements
12. Notices: Process for serving notices between parties
13. Governing Law: Confirmation of Irish law as governing law
14. Execution: Signature blocks and execution requirements
1. Management Company Provisions: Required for apartments or managed developments, detailing service charges and management company obligations
2. Planning Permission Conditions: Required for newer properties or those with specific planning conditions
3. Tenant Provisions: Required if property is being sold with existing tenants
4. VAT Provisions: Required for new properties or commercial elements
5. Stage Payment Provisions: Required for properties under construction
6. Help to Buy Scheme: Required if purchaser is using the government's Help to Buy scheme
7. Mortgage Approval Condition: Optional clause making the contract subject to mortgage approval
8. Chain Break Provisions: Required if sale is dependent on purchaser selling another property
1. Schedule 1 - Property Details: Detailed property description, including maps and plans
2. Schedule 2 - Fixtures and Fittings: Inventory of items included and excluded from the sale
3. Schedule 3 - Planning Documentation: List of relevant planning permissions and compliance certificates
4. Schedule 4 - Title Documents: List of title documents and searches
5. Schedule 5 - Requisitions on Title: Standard pre-contract enquiries and responses
6. Appendix A - Property Plans: Maps, floor plans, and boundary details
7. Appendix B - BER Certificate: Building Energy Rating certificate and advisory report
8. Appendix C - Management Company Documentation: For managed properties, relevant management company information and rules
Authors
Real Estate
Legal Services
Banking and Finance
Property Management
Insurance
Construction
Property Development
Property Investment
Professional Services
Legal
Real Estate
Conveyancing
Property Management
Compliance
Risk Management
Sales
Corporate Services
Investment
Operations
Real Estate Lawyer
Conveyancing Solicitor
Property Manager
Estate Agent
Real Estate Broker
Mortgage Advisor
Legal Counsel
Property Developer
Investment Manager
Real Estate Portfolio Manager
Compliance Officer
Property Valuer
Building Surveyor
Real Estate Paralegal
Title Examiner
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