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The Standard Agreement For The Sale Of (Real Estate) is a fundamental legal instrument in Irish property transactions, designed to facilitate the transfer of real estate ownership while ensuring compliance with Irish property law and regulations. This document is utilized whenever real property is being sold in Ireland, whether residential, commercial, or industrial. It encompasses crucial elements such as property description, purchase price, title verification, conditions precedent, and completion requirements. The agreement incorporates provisions from key legislation including the Land and Conveyancing Law Reform Act 2009 and the Registration of Title Act 1964, while also addressing modern requirements for property transactions such as building energy ratings and planning compliance. It serves as the primary contract between vendors and purchasers, providing a clear framework for the transaction and protecting the interests of all parties involved.

1. Parties: Identifies and provides full details of the Vendor and Purchaser, including names, addresses, and any relevant registration numbers for corporate entities

2. Background: Sets out the context of the sale, confirming the Vendor's ownership and intention to sell, and the Purchaser's intention to buy

3. Definitions: Defines key terms used throughout the agreement, including Property, Completion Date, Purchase Price, and other relevant terminology

4. Sale and Purchase: Core agreement section stating the Vendor's agreement to sell and the Purchaser's agreement to buy the Property at the specified price

5. Purchase Price: Details the total purchase price, deposit amount, and payment terms including stage payments if applicable

6. Title: Specifies the nature of title being transferred and any encumbrances or rights affecting the Property

7. Conditions Precedent: Lists any conditions that must be satisfied before the sale becomes binding, such as loan approval or planning permissions

8. Completion: Sets out the completion date, logistics, and requirements for closing the sale

9. Vendor's Obligations: Lists all obligations of the Vendor before and up to completion, including providing valid title and vacant possession

10. Purchaser's Obligations: Details all obligations of the Purchaser, including payment terms and due diligence requirements

11. Risk and Insurance: Specifies when risk passes to the Purchaser and insurance requirements until completion

12. Default: Outlines consequences and remedies if either party fails to comply with their obligations

13. Notices: Specifies how and where formal notices under the agreement must be served

14. Governing Law: Confirms the agreement is governed by Irish law and subject to Irish courts' jurisdiction