The Real Estate Agreement Contract is a fundamental legal document used in Irish property transactions for both residential and commercial properties. It serves as the primary agreement between parties involved in the sale and purchase of real estate in Ireland, ensuring compliance with relevant legislation including the Land and Conveyancing Law Reform Act 2009, Registration of Title Act 1964, and other applicable property laws. This document is essential when transferring property ownership, providing comprehensive details about the property, transaction terms, parties' obligations, and legal requirements. It includes crucial elements such as property description, purchase price, completion requirements, warranties, and specific conditions, while also addressing matters like planning permissions, existing tenancies, and environmental considerations where applicable. The agreement protects both parties' interests by clearly defining their rights and obligations throughout the transaction process.
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1. Parties: Identification and details of the vendor(s) and purchaser(s), including full legal names and addresses
2. Background: Context of the transaction and brief property history
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive legal description of the property, including folio number and boundaries
5. Purchase Price: Agreed purchase price, payment terms, and deposit arrangements
6. Title: Vendor's confirmation of good marketable title and related warranties
7. Conditions Precedent: Conditions that must be satisfied before completion
8. Completion: Terms and process for completion of the sale
9. Vendor's Obligations: Specific obligations of the vendor before and at completion
10. Purchaser's Obligations: Specific obligations of the purchaser before and at completion
11. Representations and Warranties: Standard and specific warranties about the property
12. Risk and Insurance: Provisions regarding property risk and insurance requirements
13. Default: Consequences of default by either party
14. Notices: Process for serving formal notices between parties
15. Governing Law: Confirmation of Irish law as governing law
16. Execution: Signature blocks and execution provisions
1. Planning Permissions: Details of existing planning permissions and restrictions, used when property has development potential
2. Existing Tenancies: Details of current tenancies and arrangements, included when property is sold with sitting tenants
3. VAT: VAT-related provisions, required when the transaction is subject to VAT
4. Environmental Matters: Environmental warranties and indemnities, included for commercial properties or when environmental issues are known
5. Service Charges: Details of service charges and management company arrangements, for apartments or managed estates
6. Future Development: Provisions regarding future development rights, included when relevant to the property
7. Fixtures and Fittings: Detailed list of included/excluded items, used in residential sales
8. Building Energy Rating: BER certificate details, mandatory for residential properties
1. Schedule 1 - Property Description: Detailed property description including maps and plans
2. Schedule 2 - Title Documents: List of title documents and related correspondence
3. Schedule 3 - Planning Documentation: Copies of relevant planning permissions and documentation
4. Schedule 4 - Fixtures and Fittings: Comprehensive inventory of included and excluded items
5. Schedule 5 - Searches and Enquiries: Results of legal searches and replies to pre-contract enquiries
6. Appendix A - Property Maps: Maps, plans, and boundary details
7. Appendix B - BER Certificate: Building Energy Rating certificate and advisory report
8. Appendix C - Service Charge Details: Details of service charges and management company information
Relevant legal definitions
Agreement
Business Day
Completion
Completion Date
Contract Rate
Deposit
Encumbrances
Environmental Laws
Fixtures and Fittings
Folio
Land Registry
Law
Local Authority
Long Stop Date
Property
Purchase Price
Purchaser
Registry of Deeds
Service Charge
Stamp Duty
Title Documents
VAT
Vendor
Warranties
Planning Permission
Building Energy Rating
Management Company
Common Areas
Requisitions on Title
Searches
Surveyor
Vacant Possession
Working Day
Business Day
Completion
Completion Date
Contract Rate
Deposit
Encumbrances
Environmental Laws
Fixtures and Fittings
Folio
Land Registry
Law
Local Authority
Long Stop Date
Property
Purchase Price
Purchaser
Registry of Deeds
Service Charge
Stamp Duty
Title Documents
VAT
Vendor
Warranties
Planning Permission
Building Energy Rating
Management Company
Common Areas
Requisitions on Title
Searches
Surveyor
Vacant Possession
Working Day
Clauses
Sale and Purchase
Property Description
Title
Purchase Price
Deposit
Completion
Representations and Warranties
Conditions Precedent
Due Diligence
Risk and Insurance
Planning and Development
Environmental Compliance
Vacant Possession
Assignment
Default
Remedies
Force Majeure
Notices
Costs and Expenses
Tax Matters
Service Charges
Property Management
Existing Tenancies
Building Energy Rating
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Counterparts
Property Description
Title
Purchase Price
Deposit
Completion
Representations and Warranties
Conditions Precedent
Due Diligence
Risk and Insurance
Planning and Development
Environmental Compliance
Vacant Possession
Assignment
Default
Remedies
Force Majeure
Notices
Costs and Expenses
Tax Matters
Service Charges
Property Management
Existing Tenancies
Building Energy Rating
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Counterparts
Relevant Industries
Real Estate
Legal Services
Banking and Finance
Property Development
Construction
Property Management
Insurance
Public Sector
Residential Property
Commercial Property
Relevant Teams
Legal
Real Estate
Property Management
Compliance
Risk Management
Finance
Operations
Commercial
Facilities
Administrative
Relevant Roles
Real Estate Lawyer
Property Solicitor
Real Estate Agent
Property Manager
Legal Counsel
Conveyancing Solicitor
Property Developer
Contract Manager
Commercial Director
Real Estate Investment Manager
Property Surveyor
Compliance Officer
Risk Manager
Real Estate Finance Manager
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