The Property Sale Contract Between Seller And Buyer is a fundamental legal document used in Irish property transactions to formalize the transfer of real estate ownership. This contract is essential whenever there is a sale of property in Ireland, whether residential, commercial, or agricultural. It must comply with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009, and includes critical information such as property details, purchase price, completion terms, title warranties, and both parties' obligations. The document serves as the primary agreement governing the entire transaction, protecting both parties' interests and ensuring legal compliance. It is typically prepared by the vendor's solicitor and reviewed by the purchaser's solicitor, incorporating all necessary terms, conditions, and warranties required for a valid property transfer in Ireland.
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1. Parties: Identifies and provides full details of the Vendor/Seller and Purchaser/Buyer
2. Background: Establishes the context of the sale, confirming the Vendor's ownership and intention to sell
3. Definitions: Defines key terms used throughout the contract
4. Property Description: Detailed description of the property being sold, including its folio number and boundaries
5. Purchase Price: States the agreed purchase price and payment terms, including deposit arrangements
6. Title: Vendor's confirmation of good marketable title and obligations regarding title delivery
7. Conditions Precedent: Any conditions that must be satisfied before completion
8. Completion: Details of the completion process, timing, and requirements
9. Vacant Possession: Commitment to provide vacant possession on completion
10. Planning and Building Regulations: Warranties regarding planning permissions and building regulation compliance
11. Property Condition: Statements about the condition of the property and any warranties given
12. Vendor's Obligations: Lists all obligations of the seller up to and at completion
13. Purchaser's Obligations: Lists all obligations of the buyer up to and at completion
14. Risk and Insurance: Specifies when risk passes and insurance obligations
15. Default: Consequences of default by either party
16. Notices: How formal notices under the contract should be given
17. Governing Law: Confirms Irish law as governing law and jurisdiction
1. Tenancies: Required when the property is sold subject to existing tenancies
2. Management Company: Required for apartments or managed developments
3. VAT: Required when the transaction is subject to VAT
4. Contents: Required when the sale includes specific contents/furnishings
5. Development Conditions: Required for properties in ongoing developments
6. Environmental Matters: Required when there are specific environmental considerations or protections
7. Rights of Way: Required when there are specific easements or rights of way to be preserved
8. Agricultural Provisions: Required for agricultural land sales
9. Planning Permission Conditions: Required when there are ongoing planning permissions or applications
10. Mortgage Details: Required when the property is being sold subject to an existing mortgage
1. Schedule 1 - Property Details: Detailed property description, boundaries, and maps
2. Schedule 2 - Contents: Inventory of contents included in the sale
3. Schedule 3 - Title Documents: List of title documents to be handed over on completion
4. Schedule 4 - Planning Documentation: Copies of relevant planning permissions and certificates
5. Schedule 5 - Searches and Enquiries: Results of pre-contract searches and replies to requisitions
6. Appendix A - Property Maps: Maps, plans, and drawings of the property
7. Appendix B - Building Energy Rating Certificate: Current BER certificate for the property
8. Appendix C - Service Charges: Details of any service charges or management company fees
9. Appendix D - Planning Documentation: Copies of planning permissions and compliance certificates
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