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Deed Of Assignment Transfer Of Ownership

Deed Of Assignment Transfer Of Ownership Template for Ireland

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Key Requirements PROMPT example:

Deed Of Assignment Transfer Of Ownership

"I need a Deed of Assignment Transfer of Ownership for transferring a commercial warehouse property in Dublin from my company ABC Holdings Ltd to XYZ Enterprises Ltd, with completion scheduled for March 15, 2025, including specific provisions for existing tenant rights and VAT requirements."

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Document background
The Deed of Assignment Transfer of Ownership is a crucial legal instrument in Irish property law, used when transferring ownership rights in property from one party to another. This document type is essential in various contexts, including property sales, corporate restructuring, family transfers, and estate planning. It must comply with Irish legal requirements, particularly the Land and Conveyancing Law Reform Act 2009 and related legislation. The deed includes critical information such as party details, property description, consideration, warranties, and proper execution formalities. It's particularly important in Ireland where property transfers must be evidenced in writing and properly executed as deeds. The document may need to be registered with the Property Registration Authority and will typically require stamp duty payment to the Revenue Commissioners. Special considerations apply when the property is a family home or involves corporate entities.
Suggested Sections

1. Parties: Full legal names and addresses of the Assignor (current owner) and Assignee (new owner)

2. Background: Recitals explaining the current ownership, right to transfer, and intention to assign

3. Definitions: Definitions of key terms used throughout the deed

4. Property Description: Detailed description of the property/asset being transferred, including title numbers and registration details

5. Consideration: Details of the payment or other consideration for the transfer

6. Assignment: The operative words of assignment and transfer of all rights, title, and interest

7. Assignor's Covenants: Warranties and representations by the assignor regarding ownership, right to transfer, and absence of encumbrances

8. Title Guarantee: Standard of title being transferred (full title guarantee or limited title guarantee)

9. Further Assurance: Commitment to execute further documents if needed to perfect the transfer

10. Execution: Formal execution blocks for signing, witnessing, and sealing the deed

Optional Sections

1. Spouse/Civil Partner Consent: Required when the property is or includes a family home

2. Conditions Precedent: Include when there are specific conditions that must be met before the transfer becomes effective

3. Tax Indemnity: Include when there are specific tax implications that need to be addressed

4. Existing Charges: Include when there are existing mortgages or charges that need to be addressed

5. Planning Warranties: Include when there are specific planning permission or compliance matters to be warranted

6. Occupier's Rights: Include when there are existing occupiers whose rights need to be addressed

7. VAT Provisions: Include when the transfer has VAT implications

8. Powers of Attorney: Include when specific powers are being granted to complete the transfer

Suggested Schedules

1. Schedule 1 - Property Description: Detailed legal description of the property, including maps, plans, and boundary details

2. Schedule 2 - Rights and Easements: Details of any rights, easements, or covenants that benefit or burden the property

3. Schedule 3 - Encumbrances: List of any existing charges, mortgages, or other encumbrances affecting the property

4. Schedule 4 - Title Documents: List of all title documents being handed over with the transfer

5. Appendix A - Plans: Property maps, floor plans, or other relevant drawings

6. Appendix B - Certificates: Copies of relevant certificates (e.g., tax clearance, planning permissions)

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Assignor
Assignee
Property
Completion Date
Consideration
Deed
Encumbrances
Land Registry
Registry of Deeds
Title Documents
Transfer Date
Effective Date
Permitted Encumbrances
Planning Acts
Property Registration Authority
Relevant Authority
Revenue Commissioners
Stamp Duty
Title Guarantee
VAT
Working Day
Beneficial Interest
Charges
Completion
Contract Rate
Easements
Family Home
Interest Rate
Land Certificate
Legal Estate
Local Authority
Mortgagee
Outstanding Rights
Parties
Planning Permission
Possession
Purchase Price
Rights of Way
Solicitor
Title Number
Warranties
Relevant Industries

Real Estate

Property Development

Banking and Finance

Legal Services

Construction

Agriculture

Commercial Property

Residential Property

Corporate Services

Asset Management

Investment Funds

Family Business

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Secretariat

Risk Management

Operations

Finance

Administration

Investment

Relevant Roles

Property Lawyer

Conveyancing Solicitor

Real Estate Manager

Property Developer

Asset Manager

Legal Counsel

Company Secretary

Property Administrator

Compliance Officer

Title Officer

Real Estate Agent

Property Portfolio Manager

Transaction Manager

Risk Manager

Estate Administrator

Industries
Land and Conveyancing Law Reform Act 2009: This is the primary legislation governing property transactions in Ireland. It provides the fundamental rules for property transfer, requirements for deeds, and the formal validity of property transactions.
Registration of Deeds and Title Act 2006: Governs the registration of deeds and documents affecting property in Ireland. Important for ensuring the deed is properly registered and establishing priority of interests.
Stamp Duties Consolidation Act 1999: Sets out the stamp duty requirements for property transfers. The deed must be properly stamped to be admissible as evidence of the transfer.
Civil Law (Miscellaneous Provisions) Act 2011: Contains provisions affecting the execution of deeds, including requirements for witnesses and electronic execution.
Registration of Title Act 1964: Deals with registration of title to land and the effect of registration, crucial for properties registered in the Land Registry.
Succession Act 1965: May be relevant if the assignment involves inherited property or affects succession rights.
Family Home Protection Act 1976: Must be considered if the property being transferred is a family home, as it requires consent of both spouses/civil partners.
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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