Property Contract Template for Ireland

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Key Requirements PROMPT example:

Property Contract

"I need a Property Contract for the purchase of a commercial retail space in Dublin city center, valued at €2.5 million, with specific clauses regarding future development rights and planning permissions to be completed by March 2025."

Document background
The Property Contract serves as the primary legal instrument for property transactions in Ireland, establishing the binding agreement between vendors and purchasers. This document is essential for any real estate transaction, whether residential, commercial, or agricultural, and must comply with Irish property law requirements. It includes crucial details about the property, parties involved, financial terms, and legal obligations. The contract incorporates provisions from key legislation such as the Land and Conveyancing Law Reform Act 2009 and the Registration of Title Act 1964. It is typically prepared by legal professionals and requires careful review to ensure all necessary elements are included and properly documented. The Property Contract is particularly important as it provides legal certainty and protection for all parties involved in the transaction.
Suggested Sections

1. Parties: Identification and details of the vendor/seller and purchaser/buyer

2. Background: Context of the transaction and brief property overview

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

4. Property Description: Detailed description of the property including boundaries, fixtures, and fittings

5. Purchase Price: Agreement on purchase price, deposit, and payment terms

6. Title: Vendor's title confirmation and requirements for good marketable title

7. Conditions Precedent: Conditions that must be satisfied before completion

8. Completion: Terms and process for completion of the sale

9. Warranties and Representations: Vendor's warranties regarding the property and title

10. Vacant Possession: Confirmation of vacant possession on completion

11. Planning and Development: Compliance with planning laws and development status

12. Notices and Communications: Process for serving notices between parties

13. Governing Law: Confirmation of Irish law as governing law

Optional Sections

1. Tenancies: Required if the property is subject to existing tenancies

2. Management Company: Required for apartments or managed developments

3. Environmental Matters: Required if there are environmental considerations or protections

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

5. Development Rights: Required if there are ongoing or future development considerations

6. Agricultural Provisions: Required for agricultural land transactions

7. Conservation: Required if the property is subject to conservation orders

8. Easements and Rights of Way: Required if specific access rights or easements exist

Suggested Schedules

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

2. Schedule 2 - Fixtures and Fittings: Comprehensive list of included and excluded items

3. Schedule 3 - Planning Documentation: List of relevant planning permissions and certificates

4. Schedule 4 - Title Documents: List of title documents and related correspondence

5. Appendix A - Property Maps: Land Registry maps and property boundaries

6. Appendix B - Building Energy Rating Certificate: Current BER certificate and advisory report

7. Appendix C - Service Contracts: Details of ongoing service contracts affecting the property

8. Appendix D - Property Searches: Results of legal searches and enquiries

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
Clauses
Relevant Industries

Real Estate

Legal Services

Banking and Finance

Property Development

Construction

Residential Property

Commercial Property

Agriculture

Retail

Hospitality

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Finance

Risk Management

Operations

Business Development

Investment

Administrative Support

Relevant Roles

Property Lawyer

Real Estate Agent

Conveyancing Solicitor

Property Manager

Legal Counsel

Property Developer

Mortgage Advisor

Property Surveyor

Compliance Officer

Real Estate Investment Manager

Property Services Director

Title Officer

Real Estate 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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