Simple Agreement Of Sale (Real Estate) Template for Ireland

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Key Requirements PROMPT example:

Simple Agreement Of Sale (Real Estate)

"I need a Simple Agreement of Sale (Real Estate) for a commercial property transaction in Dublin, Ireland, with completion scheduled for March 2025, including specific provisions for existing tenant rights and VAT requirements."

Document background
The Simple Agreement of Sale (Real Estate) is a fundamental legal document used in Irish property transactions to formalize the transfer of real estate from a vendor to a purchaser. This agreement type is commonly used for both residential and commercial property sales in Ireland, providing a structured framework that complies with Irish property law and conveyancing requirements. It includes essential elements such as property description, purchase price, completion terms, and title warranties, while allowing flexibility to accommodate specific transaction requirements. The document serves as the primary contract between parties and forms the basis for the conveyancing process, incorporating relevant provisions from Irish legislation including the Land and Conveyancing Law Reform Act 2009 and the Registration of Title Act 1964.
Suggested Sections

1. Parties: Identifies and provides full details of the Vendor and Purchaser

2. Background: Sets out the context of the sale and confirms the Vendor's ownership of the property

3. Definitions: Defines key terms used throughout the agreement

4. Property Description: Detailed description of the property being sold, including its folio number and boundaries

5. Purchase Price: Specifies the agreed purchase price and payment terms, including deposit arrangements

6. Completion: Details of the completion date and process for transferring ownership

7. Title: Vendor's warranties regarding their right to sell and the state of the title

8. Vendor's Obligations: Lists all obligations of the Vendor up to and including completion

9. Purchaser's Obligations: Lists all obligations of the Purchaser up to and including completion

10. Condition of the Property: Statements regarding the condition of the property and any warranties given

11. Risk and Insurance: Specifies when risk passes to the Purchaser and insurance requirements

12. Notices: How formal notices under the agreement should be given

13. Governing Law: Confirms Irish law as the governing law of the agreement

Optional Sections

1. Planning Compliance: Required when specific planning matters need to be addressed or warranted

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

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

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

5. Building Energy Rating: Required if specific energy rating warranties are being given

6. Fixtures and Fittings: Required when specific items are included or excluded from the sale

7. Development Rights: Required when there are ongoing or potential future development considerations

8. Environmental Matters: Required when there are specific environmental concerns or warranties

Suggested Schedules

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

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

3. Schedule 3 - Special Conditions: Any special conditions applying to the sale

4. Schedule 4 - Title Documents: List of title documents and their locations

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

6. Appendix B - Planning Documents: Copies of relevant planning permissions and certificates

7. Appendix C - Building Energy Rating Certificate: Current BER certificate for the property

8. Appendix D - Management Company Documents: Relevant management company documentation 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

Relevant legal definitions
Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Property Management

Investment and Asset Management

Residential Property

Commercial Property

Hospitality

Retail

Relevant Teams

Legal

Real Estate

Property Management

Corporate Services

Facilities

Investment

Operations

Finance

Compliance

Risk Management

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Property Developer

Investment Manager

Asset Manager

Legal Counsel

Conveyancing Solicitor

Property Surveyor

Commercial Director

Facilities Manager

Real Estate Investment Analyst

Property Portfolio Manager

Transaction 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

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