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Residential Real Estate Purchase Contract Template for Ireland

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Key Requirements PROMPT example:

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."

Document background
The Residential Real Estate Purchase Contract is a fundamental legal document used in Irish property transactions to formalize the sale and purchase of residential properties. This contract is essential for any residential property transaction in Ireland, whether it involves houses, apartments, or other residential units. It must comply with Irish property law, including the Land and Conveyancing Law Reform Act 2009, and includes crucial elements such as property details, price, payment terms, title requirements, and completion conditions. The document serves multiple purposes: it protects both parties' interests, ensures legal compliance, facilitates the transfer of ownership, and provides a clear framework for the transaction's completion. It's particularly important as it addresses specific Irish legal requirements and conveyancing practices, making it distinct from property contracts used in other jurisdictions.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

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

Relevant legal definitions




































Clauses





























Relevant Industries

Real Estate

Legal Services

Banking and Finance

Property Management

Insurance

Construction

Property Development

Property Investment

Professional Services

Relevant Teams

Legal

Real Estate

Conveyancing

Property Management

Compliance

Risk Management

Sales

Corporate Services

Investment

Operations

Relevant Roles

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

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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