Seller Financing Contract for Ireland

Seller Financing Contract Template for Ireland

A comprehensive legal agreement governed by Irish law that facilitates a property sale where the seller provides financing to the buyer instead of the buyer obtaining traditional bank financing. The document outlines the terms of both the sale and the financing arrangement, including purchase price, interest rate, payment schedule, security arrangements, and default provisions. It incorporates relevant requirements from Irish property law, consumer protection legislation, and financial regulations to ensure a legally sound and enforceable agreement that protects both parties' interests.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Seller Financing Contract

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Seller Financing Contract?

The Seller Financing Contract is utilized in situations where traditional bank financing may not be available or desired, allowing property transactions to proceed with the seller acting as the financier. This arrangement is particularly common in Ireland for commercial property transactions, family property transfers, or situations where the buyer may not qualify for conventional mortgage financing. The document must comply with Irish property law, the Land and Conveyancing Law Reform Act 2009, and relevant financial regulations. A properly structured Seller Financing Contract includes detailed terms about the property being sold, purchase price, down payment, financing amount, interest rate, payment schedule, security arrangements, and default remedies. It also addresses specific Irish legal requirements such as registration with the Land Registry and compliance with consumer protection laws where applicable.

What sections should be included in a Seller Financing Contract?

1. Parties: Identifies and defines the Seller/Financier and Buyer/Borrower with full legal names and addresses

2. Background: Sets out the context of the sale and financing arrangement

3. Definitions: Defines key terms used throughout the agreement

4. Sale and Purchase: Details of the property/asset being sold and purchased

5. Purchase Price and Financing Terms: Specifies the total purchase price, down payment, and financing amount

6. Payment Terms: Details of payment schedule, interest rate, and payment methods

7. Security Arrangements: Description of security interests and liens on the property

8. Representations and Warranties: Statements of fact and promises by both parties

9. Covenants: Ongoing obligations of both parties during the financing term

10. Default and Remedies: Defines events of default and available remedies

11. Insurance and Maintenance: Requirements for property insurance and maintenance obligations

12. Assignment and Transfer: Provisions regarding the transfer of rights under the agreement

13. Notices: How formal communications between parties should be made

14. Governing Law and Jurisdiction: Confirms Irish law applies and jurisdiction for disputes

15. Execution: Signature blocks and execution requirements

What sections are optional to include in a Seller Financing Contract?

1. Tax Provisions: Specific tax arrangements and responsibilities - include when tax implications require detailed treatment

2. Property Management: Include when the property requires specific management arrangements during the financing period

3. Early Repayment: Include when early repayment options are being offered

4. Third Party Rights: Include when there are existing tenants or other third-party interests

5. Guarantees: Include when there are personal or corporate guarantees involved

6. Sale Restrictions: Include when there are restrictions on the buyer's ability to resell

7. Debt Collection: Include when specific debt collection procedures need to be detailed

What schedules should be included in a Seller Financing Contract?

1. Property Description: Detailed legal description of the property including boundaries and fixtures

2. Payment Schedule: Amortization table showing payment dates, amounts, and interest calculations

3. Property Condition Report: Detailed report on the condition of the property at time of sale

4. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements

5. Existing Encumbrances: List of any existing liens, encumbrances, or restrictions on the property

6. Required Repairs: List of any repairs or improvements required as condition of sale

7. Form of Security Documents: Templates for any security documents required

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

Financing Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Commercial Property

Residential Property

Property Development

Investment

Construction

Financial Services

Legal Services

Insurance

Relevant Teams

Legal

Finance

Real Estate

Compliance

Risk Management

Commercial

Business Development

Property Management

Corporate Secretariat

Relevant Roles

Property Lawyer

Real Estate Agent

Property Manager

Financial Controller

Legal Counsel

Compliance Officer

Risk Manager

Commercial Director

Property Developer

Investment Manager

Contract Administrator

Finance Director

Company Secretary

Business Development Manager

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

Find the exact document you need

Unregulated Hire Purchase Agreement

An Irish law-governed unregulated hire purchase agreement for commercial asset acquisition with payment installments and purchase option.

find out more

Tenancy Loan Agreement

An Irish law-governed agreement combining loan and tenancy terms for rental property financing, compliant with Irish financial and residential tenancy regulations.

find out more

Pro Forma Loan Agreement

Irish law-governed standard form loan agreement template for documenting lending transactions, compliant with local banking regulations and EU requirements.

find out more

Employees Loan Agreement

An Irish law-governed agreement between employer and employee establishing terms for a company loan, including repayment through salary deductions.

find out more

Evergreen Loan Agreement

Irish law-governed Evergreen Loan Agreement template for establishing ongoing revolving credit facilities with no fixed maturity date.

find out more

Loan Agreement And Mortgage

An Irish law-governed agreement combining loan terms and mortgage security arrangements for property financing, compliant with Irish banking and property regulations.

find out more

Facility Loan Agreement

An Irish law-governed agreement establishing terms and conditions for a loan facility between a lender and borrower, including facility terms, security arrangements, and regulatory compliance requirements.

find out more

Loan Agreement Between Individuals

An Irish law-governed agreement documenting a loan arrangement between private individuals, including loan terms, repayment conditions, and legal protections.

find out more

Simple Loan Repayment Agreement

An Irish law-governed agreement establishing loan repayment terms, conditions, and obligations between lender and borrower.

find out more

Loan For Use Agreement

An Irish law-governed agreement establishing terms for the free temporary use of an asset while maintaining the lender's ownership rights.

find out more

Loan And Guarantee Agreement

An Irish law-governed agreement establishing terms for a loan facility supported by a third-party guarantee, including lending terms and guarantee obligations.

find out more

Lease Hire Agreement

An Irish law-governed agreement establishing terms and conditions for equipment or asset leasing arrangements, including payment terms, maintenance requirements, and regulatory compliance.

find out more

Hire Purchase Agreement For Car

An Irish law-governed agreement for the hire purchase of a motor vehicle, establishing payment terms and conditions under Irish consumer credit legislation.

find out more

Bike Hire Purchase Agreement

An Irish law-governed agreement setting out terms for bicycle hire purchase, including payment terms, ownership conditions, and parties' obligations.

find out more

Undertaking Loan Agreement

An Irish law-governed agreement setting out terms and conditions for providing loan facilities, ensuring compliance with Irish banking regulations and protecting both lender and borrower interests.

find out more

Promissory Loan Agreement

An Irish law-governed Promissory Loan Agreement establishing terms and conditions for lending arrangements, including loan amount, interest, repayment terms, and security provisions.

find out more

Master Loan Agreement

An Irish law-governed agreement establishing the framework for a lending relationship between a financial institution and borrower, setting out comprehensive terms for loan facilities and security arrangements.

find out more

Margin Loan Agreement

Irish law-governed agreement establishing terms for lending against securities collateral, including margin maintenance and enforcement provisions.

find out more

Loan Note Agreement

An Irish law-governed agreement setting out terms for the issuance and subscription of loan notes, including interest, repayment, and security provisions.

find out more

Financing Contract Agreement

An Irish law-governed agreement establishing terms and conditions for providing financial facilities between lender and borrower, including facility details, security arrangements, and regulatory compliance requirements.

find out more

Financial Agreement Between Two Parties

Irish law-governed financial agreement template for structuring financial arrangements between two parties, incorporating key regulatory requirements and protective clauses.

find out more

Equipment Lease Purchase Agreement

An Irish law-governed agreement setting out terms for equipment leasing with a purchase option, including financial terms, maintenance obligations, and purchase conditions.

find out more

Contract For Car Payments

An Irish law-governed agreement establishing terms and conditions for vehicle purchase payments, compliant with Irish consumer protection and financial regulations.

find out more

Owner Financing Contract For Deed

An Irish law-governed agreement where the property seller finances the buyer's purchase and retains title until full payment, structured under Irish property law requirements.

find out more

Standard Loan Agreement Between Friends

An Irish law-governed agreement that formalizes and legally protects a loan arrangement between friends, including key terms, conditions, and repayment schedules.

find out more

Standard Hire Purchase Agreement

An Irish law-governed agreement for the purchase of goods through installment payments, with ownership transferring upon final payment, compliant with Irish consumer credit legislation.

find out more

Lease Purchase Agreement Car

An Irish law-governed agreement establishing terms for vehicle lease purchase, combining lease and purchase elements with eventual ownership transfer upon completion of payments.

find out more

Warehouse Loan Agreement

An Irish law-governed agreement for securing loans against warehouse-stored inventory, establishing lending terms and security arrangements.

find out more

Royalty Loan Agreement

An Irish law-governed agreement establishing a loan facility repayable through future royalty payments or revenue streams.

find out more

Simple Interest Loan Agreement

An Irish law-governed Simple Interest Loan Agreement establishing terms for lending with straightforward interest calculation on the principal amount.

find out more

Lending Loan Agreement

An Irish law-governed agreement establishing terms and conditions for a loan between lender and borrower, including loan amount, interest, repayment terms, and security arrangements.

find out more

Conditional Loan Agreement

An Irish law-governed agreement setting out terms and conditions for a conditional loan, including specific requirements that must be met for loan availability.

find out more

Debenture Loan Agreement

An Irish law-governed agreement combining loan facilities with security arrangements, creating fixed and floating charges over borrower assets.

find out more

Car Loan Promissory Note

An Irish law-governed financial instrument documenting a borrower's promise to repay a vehicle loan and establishing the vehicle as collateral.

find out more

Revenue Loan Agreement

An Irish law-governed agreement establishing a loan facility with repayments calculated as a percentage of the borrower's revenue.

find out more

Funding Term Sheet

An Irish law-governed preliminary agreement outlining key terms and conditions for a proposed company investment.

find out more

Consumer Loan Agreement

An Irish law-governed agreement setting out terms and conditions for providing a consumer loan, compliant with Irish and EU consumer protection regulations.

find out more

Bond Loan Agreement

An Irish law-governed agreement setting out terms and conditions for bond issuance, including payment obligations, covenants, and bondholder rights.

find out more

Loan Market Agreement

An Irish law-governed financing agreement setting out terms and conditions for commercial lending arrangements, compliant with Irish banking regulations and market standards.

find out more

Instrument Loan Agreement

An Irish law-governed agreement establishing terms for the temporary loan of musical instruments, including maintenance, insurance, and return conditions.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now