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Tripartite Agreement For Sale Of Property
"I need a Tripartite Agreement for Sale of Property under Irish law for the purchase of a commercial office building in Dublin, where AIB Bank will be providing financing of €2.5M, with completion scheduled for March 2025."
1. Parties: Identification and details of all three parties to the agreement - typically the seller, buyer, and third party (such as a bank or guarantor)
2. Background: Context of the transaction, relationship between the parties, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement, including property-specific terminology
4. Sale and Purchase: Core terms of the property sale, including purchase price, deposit requirements, and completion details
5. Property Details: Detailed description of the property being sold, including boundaries and any included fixtures and fittings
6. Third Party Rights and Obligations: Specific rights and obligations of the third party in relation to the transaction
7. Completion Requirements: Requirements and conditions for completion of the sale, including timing and documentation
8. Title and Registration: Provisions regarding property title, registration requirements, and Land Registry procedures
9. Representations and Warranties: Warranties given by each party regarding their capacity, authority, and property condition
10. Payment Terms: Detailed payment arrangements, including method, timing, and any third-party funding conditions
11. Default and Remedies: Consequences of default by any party and available remedies
12. Notices: Requirements for formal communications between parties
13. Governing Law: Confirmation of Irish law as governing law and jurisdiction provisions
14. Execution: Signature blocks for all three parties and witnessing requirements
1. Planning Permissions: Required when the property requires specific planning permissions or has ongoing planning matters
2. Management Company Provisions: Required for properties in multi-unit developments or managed estates
3. Tenant Provisions: Required when the property is sold subject to existing tenancies
4. Environmental Matters: Required when there are specific environmental considerations or obligations
5. Development Rights: Required when the property has potential for development or existing development rights
6. Third Party Consents: Required when specific third-party consents are needed for the transaction
7. VAT Provisions: Required when the transaction has VAT implications
8. Family Home Protection: Required when the property is or was a family home requiring spousal consent
1. Property Description Schedule: Detailed description of the property, including maps, plans, and boundaries
2. Title Documents: List of title documents and certified copies of relevant documentation
3. Fixtures and Fittings: Inventory of included and excluded fixtures and fittings
4. Planning Documentation: Copies of relevant planning permissions, certificates, and notices
5. Search Results: Results of planning, environmental, and other relevant searches
6. Existing Tenancies: Details of any existing tenancies affecting the property
7. Property Certificates: BER certificates, tax clearance, and other required certificates
8. Deed of Transfer: Form of transfer deed to be executed at completion
9. Payment Schedule: Detailed breakdown of payments, including deposit and completion amounts
Authors
Business Day
Completion
Completion Date
Contract Deposit
Deed of Transfer
Encumbrances
Environmental Laws
Fixtures and Fittings
Land Registry
Long Term Value
Management Company
Market Value
Material Adverse Change
Mortgage
Party A (Seller)
Party B (Purchaser)
Party C (Third Party)
Permitted Encumbrances
Planning Documentation
Planning Laws
Property
Property Registration Authority
Purchase Price
Relevant Authority
Required Consents
Security Interest
Service Charge
Stamp Duty
Title Documents
Transfer Date
VAT
Working Day
Common Areas
Building Energy Rating Certificate
Local Property Tax
Management Company Constitution
Property Services Regulatory Authority
Requisite Searches
Settlement Sum
Surviving Provisions
Title Deeds
Vacant Possession
Property Description
Purchase Price
Deposit
Title
Representations and Warranties
Completion
Conditions Precedent
Third Party Rights
Payment Terms
Registration
Default
Remedies
Indemnification
Force Majeure
Assignment
Stamp Duty
VAT
Planning Compliance
Environmental Compliance
Property Inspection
Insurance
Notices
Costs and Expenses
Entire Agreement
Severability
Amendments
Waiver
Governing Law
Jurisdiction
Confidentiality
Further Assurance
Succession
Time of Essence
Management Company Obligations
Property Services
Third Party Consents
Termination
Dispute Resolution
Family Home Protection
Anti-Money Laundering
Due Diligence
Title Investigation
Risk and Insurance
Boilerplate Clauses
Real Estate
Banking & Financial Services
Property Development
Construction
Investment Management
Legal Services
Property Management
Commercial Property
Residential Property
Asset Management
Legal
Real Estate
Property Management
Finance
Compliance
Risk Management
Investment
Asset Management
Commercial Property
Operations
Real Estate Lawyer
Property Manager
Commercial Property Director
Legal Counsel
Conveyancing Solicitor
Property Development Manager
Investment Manager
Asset Manager
Banking Relationship Manager
Property Finance Manager
Compliance Officer
Real Estate Portfolio Manager
Transaction Manager
Property Services Director
Risk Manager
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