The Pre Sale Agreement serves as a crucial preliminary contract in Irish property transactions, establishing legally binding commitments between parties before proceeding to the main contract of sale. It is typically used when parties want to secure their positions in a property transaction while allowing time for necessary investigations, due diligence, or financing arrangements. The document includes essential details such as property description, purchase price, deposit terms, conditions precedent, and timeframes. Under Irish law, this agreement provides important protections for both parties and helps prevent practices such as gazumping. It is particularly valuable in complex transactions, new developments, or where specific conditions need to be met before proceeding to completion. The agreement must comply with various Irish legislative requirements, including the Land and Conveyancing Law Reform Act 2009 and relevant consumer protection legislation.

1. Parties: Identification and details of the Vendor and Purchaser, including full legal names and addresses

2. Background: Context of the transaction, including brief property description and intention to enter into a pre-sale arrangement

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

4. Sale and Purchase: Core agreement to sell and purchase the property, subject to terms and conditions

5. Purchase Price: Agreed purchase price, deposit amount, and payment terms

6. Deposit: Amount, payment terms, and conditions for holding and releasing the deposit

7. Title: Vendor's confirmation of good marketable title and requirements for title verification

8. Conditions Precedent: Conditions that must be satisfied before proceeding to main contract, including planning permissions and surveys

9. Timeframe: Duration of the pre-sale agreement and timeline for completing the main contract

10. Vendor's Obligations: Specific commitments and warranties from the vendor during the pre-sale period

11. Purchaser's Obligations: Specific commitments and requirements for the purchaser during the pre-sale period

12. Termination: Circumstances under which either party may terminate the agreement and consequences

13. Notices: Process and requirements for formal communications between parties

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

15. Execution: Signature blocks and execution requirements