Real Estate Sales Contract for Ireland

Real Estate Sales Contract Template for Ireland

A comprehensive legal agreement governed by Irish law that facilitates the sale and purchase of real estate property in Ireland. This contract outlines the terms and conditions of the property transfer, including purchase price, payment terms, property details, warranties, and completion requirements. It ensures compliance with Irish property law, including the Land and Conveyancing Law Reform Act 2009, and incorporates necessary provisions for title transfer, planning regulations, and property-specific conditions. The document serves as the primary binding agreement between the vendor and purchaser, establishing their respective rights and obligations throughout the transaction process.

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What is a Real Estate Sales Contract?

The Real Estate Sales Contract is the fundamental legal document used in Irish property transactions to formalize the sale and purchase of real estate. It is essential for any property transfer in Ireland, whether residential or commercial, and must comply with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009. The contract is typically prepared following initial agreement on basic terms and after preliminary title investigations. It includes crucial details about the property, parties involved, purchase price, completion timeline, and specific conditions of sale. This document is particularly important as it provides legal protection for both parties and ensures all aspects of the property transfer are properly documented and legally binding under Irish law. It should be used whenever a formal property transfer is taking place in Ireland, and its contents should be reviewed by legal professionals representing both parties.

What sections should be included in a Real Estate Sales Contract?

1. Parties: Identification and details of the vendor and purchaser

2. Background: Context of the sale and brief description of the property

3. Definitions: Definitions of key terms used throughout the contract

4. Sale Agreement: Core agreement to sell and purchase the property

5. Purchase Price: Statement of purchase price, deposit requirements, and payment terms

6. Title: Vendor's confirmation of good marketable title and related obligations

7. Property Condition: Current condition of the property and any warranties provided

8. Planning and Development: Compliance with planning laws and development regulations

9. Completion: Completion date, requirements, and procedures

10. Risk and Insurance: Transfer of risk and insurance obligations

11. Default: Consequences of default by either party

12. Notices: Requirements for serving notices under the contract

13. Governing Law: Confirmation of Irish law as governing law

What sections are optional to include in a Real Estate Sales Contract?

1. Tenant Rights: Required when the property is sold subject to existing tenancies

2. Management Company: Required for apartments or multi-unit developments

3. VAT: Required when the property sale is subject to VAT

4. Building Energy Rating: Required for residential properties requiring BER certificates

5. Planning Retention: Required when there are unauthorized developments requiring retention

6. Help to Buy Scheme: Required for new builds where purchaser is using the Help to Buy scheme

7. Local Authority Housing: Required when the property is subject to Part V planning conditions

8. Agricultural Land: Required when the property includes agricultural land subject to special conditions

What schedules should be included in a Real Estate Sales Contract?

1. Schedule 1 - Property Description: Detailed description of the property including boundaries and maps

2. Schedule 2 - Fixtures and Fittings: List of items included and excluded from the sale

3. Schedule 3 - Title Documents: List of title documents and related searches

4. Schedule 4 - Planning Documentation: List of planning permissions and related documents

5. Appendix A - Property Maps: Maps and plans showing the property boundaries and location

6. Appendix B - BER Certificate: Building Energy Rating certificate and advisory report

7. Appendix C - Management Company Documents: For apartments/multi-units: management company constitution and rules

8. Appendix D - Planning Compliance: Planning compliance documentation and certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Ireland

Publisher

Genie AI

Document Type

Contract to Sell

Cost

Free to use
Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Property Management

Insurance

Investment

Residential Property

Commercial Property

Relevant Teams

Legal

Real Estate

Property Management

Sales

Compliance

Investment

Operations

Finance

Risk Management

Business Development

Relevant Roles

Real Estate Lawyer

Property Manager

Estate Agent

Conveyancing Solicitor

Property Developer

Investment Manager

Real Estate Investment Director

Property Portfolio Manager

Legal Counsel

Compliance Officer

Real Estate Agent

Property Acquisitions Manager

Real Estate Transaction Manager

Development Director

Sales Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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