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Sale Leaseback Agreement Template for Ireland

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Key Requirements PROMPT example:

Sale Leaseback Agreement

"I need a Sale Leaseback Agreement under Irish law for our manufacturing facility in Dublin, with a 15-year leaseback term commencing March 2025, including an option for the tenant to repurchase after 10 years and quarterly rent reviews linked to CPI."

Document background
The Sale Leaseback Agreement is a strategic financial and property management tool commonly used in Irish business transactions. It enables property owners to unlock capital from their real estate assets while retaining operational use of the property. This document type is particularly relevant when companies seek to improve their balance sheet position, require capital for business expansion, or wish to restructure their property holdings while maintaining operational continuity. The agreement must comply with Irish property law, including the Land and Conveyancing Law Reform Act 2009 and relevant landlord-tenant legislation. It includes comprehensive provisions for both the sale transaction and the subsequent lease arrangement, covering areas such as purchase price, lease terms, maintenance obligations, insurance requirements, and various operational considerations. This document is typically used in commercial contexts but can also be adapted for other property types, subject to relevant regulatory requirements.
Suggested Sections

1. Parties: Identification of the Seller/Future Tenant and Buyer/Future Landlord

2. Background: Context of the transaction, including property description and commercial intent of the arrangement

3. Definitions: Defined terms used throughout the agreement

4. Sale Agreement: Terms of the property sale, including purchase price, deposit, and completion arrangements

5. Property Transfer Provisions: Detailed provisions regarding the transfer of title, including warranties and representations

6. Leaseback Terms: Core terms of the leaseback arrangement, including lease duration, rent, and payment terms

7. Tenant Covenants: Obligations of the tenant (former owner) under the lease

8. Landlord Covenants: Obligations of the landlord (new owner) under the lease

9. Insurance and Maintenance: Requirements for property insurance and maintenance responsibilities

10. Assignment and Subletting: Provisions governing the ability to assign or sublet the property

11. Default and Remedies: Consequences of default by either party and available remedies

12. Termination: Circumstances and procedures for terminating the agreement

13. Notices: Requirements for formal communications between parties

14. Governing Law: Confirmation of Irish law as governing law and jurisdiction

Optional Sections

1. Break Clause: Optional provisions allowing early termination under specific circumstances

2. Purchase Option: Right for tenant to repurchase the property under specified conditions

3. Rent Review: Mechanisms for periodic rent adjustments, if not using fixed increases

4. Service Charge Provisions: For properties with common areas or shared services

5. Environmental Provisions: Specific environmental warranties and obligations, particularly for industrial properties

6. Planning Permissions: Specific provisions regarding existing or required planning permissions

7. VAT Election: Optional VAT treatment of the transaction

8. Alterations and Improvements: Rights and procedures for making changes to the property

9. Change of Control: Provisions dealing with changes in corporate ownership of either party

Suggested Schedules

1. Property Description: Detailed legal description of the property including maps and plans

2. Purchase Price Calculation: Breakdown of purchase price and payment terms

3. Lease Terms: Detailed lease conditions including rent calculations and payment schedules

4. Condition Survey: Initial property condition report and photographs

5. Permitted Use: Detailed description of allowed property uses

6. Service Charge Schedule: Breakdown of service charges and calculation methodology

7. Form of Transfer Deed: Template deed for property transfer

8. Existing Encumbrances: List of existing rights, obligations, or restrictions affecting the property

9. Required Insurance: Detailed insurance requirements and specifications

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

Commercial Property

Retail

Industrial

Manufacturing

Healthcare

Hospitality

Financial Services

Logistics

Education

Office Space

Warehousing

Agricultural

Relevant Teams

Legal

Finance

Real Estate

Operations

Facilities Management

Risk Management

Treasury

Tax

Corporate Development

Property Management

Relevant Roles

Chief Financial Officer

Real Estate Director

Property Manager

Legal Counsel

Commercial Director

Facilities Manager

Asset Manager

Treasury Manager

Operations Director

Risk Manager

Finance Director

Property Portfolio Manager

Business Development Director

Corporate Finance 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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