The Agreement of Sale For A Residential Stand is a fundamental legal document used in Irish property transactions when transferring ownership of undeveloped residential land. This agreement is essential when a property developer, individual, or entity wishes to sell a plot of land designated for residential development. It's particularly relevant in new housing developments, urban expansion projects, or individual plot sales. The document ensures compliance with Irish property law, including the Land and Conveyancing Law Reform Act 2009, planning regulations, and local authority requirements. It contains critical elements such as property description, price, payment terms, title warranties, and completion procedures. This agreement type is commonly used in Ireland's growing residential development sector and provides legal protection for both sellers and purchasers in land transactions.
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Key Requirements PROMPT example:
Agreement Of Sale For A Residential Stand
"I need an Agreement of Sale for a Residential Stand for a 500 square meter plot in Dublin that's part of a larger development scheme, with completion planned for March 2025 and specific requirements for building design compliance."
1. Parties: Identification and details of the Seller and Purchaser, including full legal names, addresses, and contact information
2. Background: Context of the sale and brief description of the property being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the residential stand including exact measurements, boundaries, and folio number
5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements
6. Conditions Precedent: Any conditions that must be met before the sale can proceed
7. Completion: Details of the completion process, including timing and location
8. Title and Registration: Warranties regarding title and provisions for registration of the transfer
9. Seller's Warranties: Standard warranties given by the seller regarding the property
10. Purchaser's Warranties: Warranties and confirmations given by the purchaser
11. Risk and Insurance: Provisions regarding property risk and insurance requirements until completion
12. Notices: How and where notices between parties should be served
13. Governing Law: Confirmation that the agreement is governed by Irish law
14. Execution: Signature blocks and execution provisions
1. Planning Permissions: Details of existing planning permissions or restrictions - include if the stand has existing planning permissions
2. Environmental Matters: Environmental warranties and disclosures - include if there are known environmental issues
3. Service Connections: Details of available utility connections - include if services are already connected or readily available
4. Building Scheme Conditions: Any building scheme or development conditions - include if the stand is part of a larger development
5. Right of Way: Details of any rights of way or easements - include if applicable to the property
6. Development Obligations: Specific development requirements or restrictions - include if there are building time limits or style requirements
7. Local Authority Requirements: Specific local authority conditions - include if there are special local authority requirements
1. Schedule 1 - Property Details: Detailed property description, including maps and plans
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and installments if applicable
3. Schedule 3 - Title Documents: List of all relevant title documents and encumbrances
4. Schedule 4 - Planning Documentation: Copies of relevant planning permissions and certificates
5. Appendix A - Property Map: Official property map showing boundaries and measurements
6. Appendix B - Planning Documents: Copies of relevant planning permissions and certificates
7. Appendix C - Services Layout: Plans showing locations of existing or proposed utility connections
Authors
Relevant legal definitions
Agreement
Business Day
Completion
Completion Date
Deposit
Development
Encumbrances
Environmental Laws
Folio Number
Land Registry
Local Authority
Planning Documentation
Planning Permission
Property
Purchase Price
Purchaser
Purchaser's Solicitor
Registry of Deeds
Residential Stand
Seller
Seller's Solicitor
Services
Stamp Duty
Title Documents
Transfer Date
Utilities
VAT
Zoning Requirements
Building Scheme
Completion Requirements
Contract Deposit
Deed of Transfer
Due Diligence
Easements
Law
Planning Acts
Property Description
Requisitions on Title
Survey
Title
Business Day
Completion
Completion Date
Deposit
Development
Encumbrances
Environmental Laws
Folio Number
Land Registry
Local Authority
Planning Documentation
Planning Permission
Property
Purchase Price
Purchaser
Purchaser's Solicitor
Registry of Deeds
Residential Stand
Seller
Seller's Solicitor
Services
Stamp Duty
Title Documents
Transfer Date
Utilities
VAT
Zoning Requirements
Building Scheme
Completion Requirements
Contract Deposit
Deed of Transfer
Due Diligence
Easements
Law
Planning Acts
Property Description
Requisitions on Title
Survey
Title
Clauses
Property Description
Sale and Purchase
Purchase Price
Payment Terms
Deposit
Title
Warranties
Representations
Conditions Precedent
Completion
Risk and Insurance
Planning and Development
Environmental Compliance
Local Authority Requirements
Services and Utilities
Easements and Rights of Way
Default
Termination
Notices
Assignment
Stamp Duty
VAT
Costs
Force Majeure
Entire Agreement
Severability
Governing Law
Jurisdiction
Further Assurance
Time of Essence
Variation
Waiver
Sale and Purchase
Purchase Price
Payment Terms
Deposit
Title
Warranties
Representations
Conditions Precedent
Completion
Risk and Insurance
Planning and Development
Environmental Compliance
Local Authority Requirements
Services and Utilities
Easements and Rights of Way
Default
Termination
Notices
Assignment
Stamp Duty
VAT
Costs
Force Majeure
Entire Agreement
Severability
Governing Law
Jurisdiction
Further Assurance
Time of Essence
Variation
Waiver
Relevant Industries
Real Estate
Construction
Legal Services
Property Development
Banking and Finance
Urban Planning
Residential Development
Land Development
Relevant Teams
Legal
Real Estate
Property Development
Sales
Compliance
Property Management
Construction
Land Acquisition
Urban Planning
Project Management
Relevant Roles
Real Estate Lawyer
Property Developer
Real Estate Agent
Property Manager
Construction Manager
Urban Planner
Legal Counsel
Conveyancing Solicitor
Development Director
Land Acquisition Manager
Property Sales Manager
Compliance Officer
Real Estate Investment Manager
Project Manager
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