Shared Ownership Contract Template for Ireland

1. Staircasing Provisions: Used when the agreement allows for incremental increase in ownership share

2. Mortgage Requirements: Include when the property is subject to a mortgage or when future mortgaging is contemplated

3. Rental Provisions: Required when one party has the right to rent out their share or when temporary letting is permitted

4. Death and Succession: Include when specific succession arrangements need to be addressed

5. Property Management Company: Required for properties that are part of a managed development

6. Local Authority Requirements: Include when the shared ownership involves a local authority scheme

7. First Right of Refusal: Optional section giving co-owners first right to purchase if one party wishes to sell

1. Schedule 1 - Property Description: Detailed property description including plans and boundaries

2. Schedule 2 - Ownership Shares: Detailed breakdown of ownership percentages and any planned changes

3. Schedule 3 - Financial Schedule: Detailed financial arrangements including payment schedules

4. Schedule 4 - Management and Maintenance Obligations: Detailed list of maintenance responsibilities and cost sharing

5. Schedule 5 - House Rules: Specific rules governing the use and occupation of the property

6. Appendix A - Property Plans: Official property plans and drawings

7. Appendix B - Prescribed Notices: Standard notices required under Irish law for shared ownership

8. Appendix C - Service Charge Details: Details of service charges if property is part of a managed development