Agreement To Buy And Sell (Real Estate) Template for Ireland

The Agreement To Buy And Sell (Real Estate) is a fundamental legal document used in Irish property transactions to formalize the sale and purchase of real estate. This document is essential whenever there is a transfer of property ownership in Ireland, whether for residential, commercial, or industrial properties. It comprehensively details all aspects of the transaction, including property description, purchase price, payment terms, conditions precedent, warranties, and completion requirements. The agreement must comply with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009, and incorporate relevant local planning and registration requirements. It serves as the definitive record of the parties' obligations and rights, protecting both the vendor's and purchaser's interests throughout the transaction process.

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

2. Background: Outlines the context of the sale, including brief property description and parties' intention to enter into the transaction

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules of interpretation

4. Sale and Purchase: Core agreement section stating the Vendor's agreement to sell and Purchaser's agreement to buy the property

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

6. Deposit: Details of deposit payment, holding arrangements, and conditions for retention or return

7. Title and Registration: Vendor's confirmation of good marketable title and requirements for title transfer

8. Conditions Precedent: Any conditions that must be satisfied before completion can occur

9. Completion: Requirements and procedures for completing the sale, including timing and delivery of documents

10. Vendor's Warranties: Warranties regarding property condition, title, planning permissions, and other material facts

11. Purchaser's Warranties: Warranties regarding capacity to purchase and fund availability

12. Risk and Insurance: Allocation of risk and insurance responsibilities before completion

13. Default: Consequences and remedies in case either party defaults on their obligations

14. Notices: How formal notices between parties should be given and when they're deemed received

15. Governing Law and Jurisdiction: Confirms Irish law governs the agreement and Irish courts have jurisdiction