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Real Estate Contract Template for Ireland

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Key Requirements PROMPT example:

Real Estate Contract

"I need a Real Estate Contract under Irish law for the purchase of a commercial office building in Dublin, with specific provisions for existing tenants and service charge arrangements, planned for completion in March 2025."

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Document background
The Real Estate Contract serves as the primary legal instrument for property transactions in Ireland, establishing the binding terms and conditions between vendors and purchasers. This document is essential for any property sale or purchase in Ireland, whether residential or commercial, and must comply with Irish property law, including the Land and Conveyancing Law Reform Act 2009 and related legislation. The contract includes comprehensive details about the property, price, conditions of sale, warranties, and completion requirements. It is designed to protect both parties' interests while ensuring smooth property transfer and registration with the Property Registration Authority. The document is particularly important as it forms the basis for the conveyancing process and must address specific Irish legal requirements, including title verification, planning compliance, and property registration procedures.
Suggested Sections

1. Parties: Identification and details of the vendor(s) and purchaser(s), including full legal names and addresses

2. Background: Context of the transaction, including brief property description and purpose of the agreement

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

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

5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements

6. Title: Vendor's confirmation of good marketable title and any known encumbrances

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

8. Completion: Terms and procedures for completion of the sale, including timing and location

9. Representations and Warranties: Vendor's warranties regarding the property's condition, planning status, and other material facts

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

11. Notices: Process for serving notices between parties

12. Governing Law: Confirmation of Irish law as governing law and jurisdiction

Optional Sections

1. Existing Tenancies: Required when the property has existing tenants, detailing their rights and obligations

2. Planning Permissions: Needed when the property requires specific planning permissions or has ongoing planning issues

3. Management Company: Required for apartments or managed developments, detailing management structure and obligations

4. Environmental Matters: Important when there are environmental concerns or requirements

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

6. Development Rights: Needed when there are future development possibilities or restrictions

7. Rights of Way: Required when the property involves specific access rights or easements

8. Service Charges: Necessary for properties with ongoing service charge obligations

Suggested Schedules

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

2. Schedule 2 - Title Documents: List of title documents and certified copies

3. Schedule 3 - Fixtures and Fittings: Inventory of items included and excluded from the sale

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: Official maps and plans showing the property boundaries

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

8. Appendix C - Service Charge Details: Details of any service charges and management company information

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 Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Property Management

Hospitality

Retail

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Operations

Commercial

Development

Facilities

Risk Management

Finance

Relevant Roles

Real Estate Lawyer

Property Solicitor

Legal Counsel

Real Estate Agent

Property Manager

Commercial Director

Development Manager

Compliance Officer

Contract Manager

Property Developer

Investment Manager

Real Estate Portfolio Manager

Facilities Manager

Legal Director

Property Acquisition Manager

Industries
Land and Conveyancing Law Reform Act 2009: Fundamental legislation that modernized Irish property law and conveyancing practices, covering property rights, co-ownership, and transfer of land
Registration of Title Act 1964: Governs the registration of property titles in Ireland and establishes the Property Registration Authority (PRA)
Planning and Development Act 2000: Regulates property development and usage, including zoning requirements and planning permissions
Property Services (Regulation) Act 2011: Regulates property service providers and establishes the Property Services Regulatory Authority
Multi-Unit Developments Act 2011: Relevant for apartment complexes and multi-unit developments, governing ownership and management
Residential Tenancies Act 2004: Important if the property has existing tenants or will be used for rental purposes
Local Government (Planning and Development) Acts: Covers local planning regulations and building requirements
Consumer Protection Act 2007: Provides consumer protection in property transactions and prevents unfair practices
Criminal Justice (Money Laundering and Terrorist Financing) Act 2010: Requires due diligence checks in property transactions to prevent money laundering
Family Home Protection Act 1976: Protects spouse's rights regarding the family home and requires consent for its sale
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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