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Wholesale Real Estate Contract
"I need a Wholesale Real Estate Contract under Irish law for a commercial property in Dublin city center, with a 45-day assignment period and the ability to assign to multiple potential buyers by March 2025."
1. Parties: Identification of the seller, wholesale buyer (investor), and their respective contact details and legal status
2. Background: Context of the transaction, including property overview and intention for wholesale arrangement
3. Definitions: Key terms used throughout the agreement, including specific wholesale and assignment-related terminology
4. Property Details: Comprehensive description of the property, including legal description, folio number, and current usage
5. Purchase Price and Payment Terms: Agreement on purchase price, deposit amount, payment schedule, and funding conditions
6. Assignment Rights: Explicit rights and procedures for the wholesale buyer to assign the contract to an end buyer
7. Due Diligence Period: Timeframe and conditions for property inspection, title review, and other investigations
8. Closing and Completion: Requirements and procedures for closing, including documentation and timing requirements
9. Representations and Warranties: Statements of fact and promises by both parties regarding the property and transaction
10. Default and Remedies: Consequences and available remedies if either party fails to perform
11. Risk and Insurance: Allocation of risk and insurance requirements during the contract period
12. Notices: Process and requirements for formal communications between parties
13. Governing Law: Confirmation of Irish law governance and jurisdiction
1. Property Management During Contract Period: Used when the property requires maintenance or management between contract signing and closing
2. Tenant Provisions: Required if the property is currently tenanted, addressing lease agreements and tenant rights
3. Planning Permissions: Included when the property has pending or required planning permissions relevant to its value
4. Environmental Provisions: Added when environmental issues or assessments are relevant to the property
5. Special Conditions: Used for unique property features or transaction requirements
6. VAT Provisions: Required when the transaction has VAT implications
7. Mortgage Contingency: Included when the assignment buyer may require mortgage financing
1. Schedule 1 - Property Description: Detailed legal description, boundaries, and included fixtures and fittings
2. Schedule 2 - Due Diligence Documents: List of required documentation for property verification
3. Schedule 3 - Title Documents: List of title deeds and related documentation
4. Schedule 4 - Assignment Agreement Template: Standard form for executing assignment to end buyer
5. Schedule 5 - Property Condition Report: Current condition assessment and known issues
6. Appendix A - Property Plans and Maps: Official property maps and floor plans
7. Appendix B - Planning Documentation: Relevant planning permissions and certificates
8. Appendix C - Search Results: Results of legal and planning searches
Authors
Real Estate
Property Development
Construction
Legal Services
Financial Services
Investment
Property Management
Commercial Property
Residential Property
Urban Development
Legal
Real Estate
Property Development
Acquisitions
Investment
Asset Management
Risk Management
Compliance
Finance
Operations
Real Estate Investor
Property Developer
Real Estate Agent
Property Lawyer
Conveyancing Solicitor
Investment Manager
Property Portfolio Manager
Real Estate Broker
Acquisition Manager
Legal Counsel
Property Consultant
Development Director
Real Estate Fund Manager
Asset Manager
Transaction Manager
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