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The Seller Financing Contract is utilized in situations where traditional bank financing may not be available or desired, allowing property transactions to proceed with the seller acting as the financier. This arrangement is particularly common in Ireland for commercial property transactions, family property transfers, or situations where the buyer may not qualify for conventional mortgage financing. The document must comply with Irish property law, the Land and Conveyancing Law Reform Act 2009, and relevant financial regulations. A properly structured Seller Financing Contract includes detailed terms about the property being sold, purchase price, down payment, financing amount, interest rate, payment schedule, security arrangements, and default remedies. It also addresses specific Irish legal requirements such as registration with the Land Registry and compliance with consumer protection laws where applicable.
