Agreement To Sell (Real Estate) Template for Ireland

The Agreement To Sell (Real Estate) is a fundamental document in Irish property transactions, used whenever real estate is being transferred from one party to another. This agreement serves as the primary contract between the vendor and purchaser, documenting all essential aspects of the property sale. It must comply with Irish property law requirements, particularly the Land and Conveyancing Law Reform Act 2009, and typically includes detailed provisions about the property, price, timeline for completion, title requirements, and both parties' obligations. The document is crucial in both residential and commercial property transactions in Ireland and forms the basis for the subsequent conveyancing process. It should be prepared with legal assistance to ensure all necessary elements are properly addressed and that it provides adequate protection for both parties while complying with Irish legal requirements.

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

2. Background: Recitals explaining the context of the sale, including brief property description and intention to sell/purchase

3. Definitions: Defines key terms used throughout the agreement including Property, Completion Date, Purchase Price, Deposit

4. Sale and Purchase: Core agreement to sell and purchase the property, including the exact property description and purchase price

5. Deposit: Details of the deposit amount, payment terms, and circumstances for retention or refund

6. Title: Vendor's confirmation of good marketable title and obligations regarding title documentation

7. Conditions Precedent: Any conditions that must be satisfied before completion, including planning permissions and searches

8. Completion: Specifies the completion date, completion requirements, and payment procedures

9. Vendor's Obligations: Lists all obligations of the vendor including providing vacant possession and necessary documentation

10. Purchaser's Obligations: Details the purchaser's obligations including payment terms and compliance with notices

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

12. Default: Consequences of default by either party and available remedies

13. Notices: How and where formal notices under the agreement must be served

14. Governing Law: Confirms Irish law as governing law and jurisdiction

15. Entire Agreement: Standard entire agreement clause incorporating all terms