Real Property Sales Contract for Ireland

Real Property Sales Contract Template for Ireland

A comprehensive legal agreement governed by Irish law that facilitates the sale and purchase of real property in Ireland. This contract outlines the terms and conditions of the property transfer, including property details, purchase price, payment terms, warranties, and completion requirements. It incorporates relevant provisions from Irish property law, including the Land and Conveyancing Law Reform Act 2009, and addresses all necessary aspects of property transfer, from initial agreement to final completion. The document ensures compliance with Irish property registration requirements and includes provisions for dealing with title issues, planning matters, and property-specific conditions.

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What is a Real Property Sales Contract?

The Real Property Sales Contract is a fundamental legal document used in Irish property transactions to formalize the sale and purchase of real estate. This document is essential for any property transfer in Ireland and must comply with the Land and Conveyancing Law Reform Act 2009 and other relevant Irish legislation. It serves as the primary agreement between vendors and purchasers, detailing all aspects of the property transaction including price, payment terms, property description, title requirements, and completion conditions. The contract is typically prepared by solicitors and used across various types of property transactions, from residential to commercial properties. It incorporates necessary provisions for dealing with Irish property law requirements, land registry procedures, and local authority regulations. The document is designed to protect both parties' interests while ensuring a smooth and legally compliant property transfer process.

What sections should be included in a Real Property 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 agreement

4. Property Description: Detailed description of the property including boundaries, folio number, and registered title

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

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

7. Conditions Precedent: Conditions that must be satisfied before completion

8. Completion: Process and requirements for completing the sale

9. Vendor's Obligations: Specific obligations of the vendor up to and including completion

10. Purchaser's Obligations: Specific obligations of the purchaser up to and including completion

11. Risk and Insurance: Allocation of risk and insurance requirements until completion

12. Representations and Warranties: Standard warranties about the property's condition and title

13. Default: Consequences of default by either party

14. Notices: How formal notices should be given between parties

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

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

1. Planning Compliance: Required when there are specific planning permissions or compliance issues to address

2. Management Company: Required for apartments or properties in managed developments

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

4. VAT: Required when the transaction is subject to VAT

5. Environmental Matters: Required when there are specific environmental concerns or requirements

6. Building Energy Rating: Required when specific energy rating warranties are needed

7. Development Rights: Required when there are future development possibilities to address

8. Rights of Way: Required when there are specific easements or rights of way to document

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

1. Schedule 1 - Property Details: Detailed property description, including maps and plans

2. Schedule 2 - Title Documents: List of title documents and related correspondence

3. Schedule 3 - Fixtures and Fittings: Inventory of items included and excluded from the sale

4. Schedule 4 - Planning Documents: Copies of relevant planning permissions and certificates

5. Schedule 5 - Searches and Enquiries: Results of legal searches and replies to enquiries

6. Appendix A - Property Maps: Official maps and plans showing the property boundaries

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

8. Appendix C - Service Charges: Details of service charges and management company information (if applicable)

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 legal definitions
Clauses
Relevant Industries

Real Estate

Construction

Property Development

Legal Services

Banking and Finance

Property Management

Insurance

Urban Planning

Architecture

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Compliance

Risk Management

Investment

Development

Operations

Finance

Relevant Roles

Property Lawyer

Real Estate Attorney

Conveyancing Solicitor

Property Manager

Real Estate Agent

Property Developer

Construction Manager

Property Investment Manager

Facilities Manager

Legal Counsel

Compliance Officer

Real Estate Portfolio Manager

Property Valuation Specialist

Building Surveyor

Title Examiner

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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