Property Sale Contract Between Seller And Buyer Template for Ireland

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Key Requirements PROMPT example:

Property Sale Contract Between Seller And Buyer

"I need a Property Sale Contract Between Seller And Buyer for a residential house sale in Dublin, Ireland, with completion scheduled for March 2025; the contract must include specific provisions for the sale of included furniture and a solar panel lease agreement."

Document background
The Property Sale Contract Between Seller And Buyer is a fundamental legal document used in Irish property transactions to formalize the transfer of real estate ownership. This contract is essential whenever there is a sale of property in Ireland, whether residential, commercial, or agricultural. It must comply with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009, and includes critical information such as property details, purchase price, completion terms, title warranties, and both parties' obligations. The document serves as the primary agreement governing the entire transaction, protecting both parties' interests and ensuring legal compliance. It is typically prepared by the vendor's solicitor and reviewed by the purchaser's solicitor, incorporating all necessary terms, conditions, and warranties required for a valid property transfer in Ireland.
Suggested Sections

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

2. Background: Establishes the context of the sale, confirming the Vendor's ownership and intention to sell

3. Definitions: Defines key terms used throughout the contract

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

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

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

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

8. Completion: Details of the completion process, timing, and requirements

9. Vacant Possession: Commitment to provide vacant possession on completion

10. Planning and Building Regulations: Warranties regarding planning permissions and building regulation compliance

11. Property Condition: Statements about the condition of the property and any warranties given

12. Vendor's Obligations: Lists all obligations of the seller up to and at completion

13. Purchaser's Obligations: Lists all obligations of the buyer up to and at completion

14. Risk and Insurance: Specifies when risk passes and insurance obligations

15. Default: Consequences of default by either party

16. Notices: How formal notices under the contract should be given

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

Optional Sections

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

2. Management Company: Required for apartments or managed developments

3. VAT: Required when the transaction is subject to VAT

4. Contents: Required when the sale includes specific contents/furnishings

5. Development Conditions: Required for properties in ongoing developments

6. Environmental Matters: Required when there are specific environmental considerations or protections

7. Rights of Way: Required when there are specific easements or rights of way to be preserved

8. Agricultural Provisions: Required for agricultural land sales

9. Planning Permission Conditions: Required when there are ongoing planning permissions or applications

10. Mortgage Details: Required when the property is being sold subject to an existing mortgage

Suggested Schedules

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

2. Schedule 2 - Contents: Inventory of contents included in the sale

3. Schedule 3 - Title Documents: List of title documents to be handed over on completion

4. Schedule 4 - Planning Documentation: Copies of relevant planning permissions and certificates

5. Schedule 5 - Searches and Enquiries: Results of pre-contract searches and replies to requisitions

6. Appendix A - Property Maps: Maps, plans, and drawings of the property

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

8. Appendix C - Service Charges: Details of any service charges or management company fees

9. Appendix D - Planning Documentation: Copies of planning permissions and compliance certificates

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

Property Management

Insurance

Agricultural

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Conveyancing

Risk Management

Commercial Property

Residential Property

Contract Administration

Document Management

Relevant Roles

Real Estate Lawyer

Property Solicitor

Conveyancing Solicitor

Real Estate Agent

Property Manager

Legal Counsel

Compliance Officer

Property Developer

Real Estate Investment Manager

Title Officer

Mortgage Advisor

Property Surveyor

Real Estate Transaction Manager

Legal Administrator

Industries
Land and Conveyancing Law Reform Act 2009: This is the primary legislation governing property transactions in Ireland. It modernized land law and conveyancing practices, setting out rules for property contracts, covenants, and easements.
Registration of Title Act 1964: Deals with the registration of property titles in Ireland and the operation of the Land Registry, which is crucial for confirming ownership and transferring property.
Stamp Duties Consolidation Act 1999: Outlines the stamp duty obligations on property purchases, which must be addressed in the contract terms regarding who bears the responsibility for payment.
Consumer Protection Act 2007: Provides protection for buyers in property transactions, particularly regarding misleading practices or information about the property.
Family Home Protection Act 1976: Requires consent of both spouses/civil partners for the sale of a family home, which must be considered when drafting the contract.
Planning and Development Acts 2000-2020: Relevant for confirming planning compliance and zoning issues that need to be addressed in the contract.
Local Government (Charges) Act 2009: Deals with property-related charges and taxes that need to be accounted for in the contract, including the responsibility for any outstanding charges.
Building Control Acts 1990-2014: Important for provisions regarding building regulations compliance and certificates of compliance, which may need to be addressed in the contract.
Residential Tenancies Acts 2004-2021: Relevant if the property is currently tenanted, as it affects the seller's ability to provide vacant possession.
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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