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Agreement (Real Estate) Template for Ireland

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Key Requirements PROMPT example:

Agreement (Real Estate)

"I need an Agreement (Real Estate) for the purchase of a commercial office building in Dublin City Centre, with completion scheduled for March 2025, including specific provisions for existing tenants and service charge arrangements."

Document background
The Agreement (Real Estate) is a fundamental legal instrument used in Irish property transactions to document and formalize the transfer of real estate between parties. This document is essential when conducting property transactions in Ireland, whether for residential, commercial, or industrial properties. It incorporates crucial elements required under Irish law, including compliance with the Land and Conveyancing Law Reform Act 2009 and other relevant legislation. The agreement serves as a comprehensive record of the transaction terms, property details, warranties, and obligations of all parties involved. It is typically prepared following initial negotiations and heads of terms, but before the actual transfer of property ownership, ensuring all aspects of the transaction are properly documented and legally binding under Irish jurisdiction.
Suggested Sections

1. Parties: Identification and details of all parties to the agreement, 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 agreement, including property-specific terminology

4. Property Details: Comprehensive description of the property, including legal description, boundaries, and registered title number

5. Purchase Price and Payment Terms: Details of the purchase price, payment schedule, and method of payment

6. Conditions Precedent: Conditions that must be satisfied before completion, including title requirements and planning permissions

7. Completion: Requirements and process for completing the transaction, including timing and delivery of documents

8. Title and Registration: Warranties and requirements regarding property title, registration process, and title transfer

9. Seller's Warranties: Warranties given by the seller regarding the property's condition, title, and compliance with laws

10. Buyer's Warranties: Warranties given by the buyer regarding authority to purchase and financial capacity

11. Risk and Insurance: Allocation of risk and insurance requirements before and after completion

12. Notices: Process and requirements for giving notices under the agreement

13. Governing Law and Jurisdiction: Specification of Irish law as governing law and jurisdiction for disputes

14. Execution: Signature blocks and execution requirements for all parties

Optional Sections

1. Planning and Development: Include when the property requires specific planning permissions or has development potential

2. Environmental Matters: Include when environmental issues or assessments are relevant to the property

3. Existing Tenancies: Include when the property is sold subject to existing tenancies

4. VAT: Include when VAT is applicable to the transaction

5. Service Charges: Include for properties within managed developments or with shared facilities

6. Development Rights: Include when specific development rights are being transferred or retained

7. Agriculture: Include when the property includes agricultural land or has agricultural ties

8. Protected Structures: Include when the property is a protected structure under Irish law

9. Financing Conditions: Include when the purchase is subject to specific financing arrangements

Suggested Schedules

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

2. Schedule 2 - Title Documents: List of all relevant title documents and encumbrances

3. Schedule 3 - Fixtures and Fittings: Inventory of included and excluded fixtures and fittings

4. Schedule 4 - Planning Permissions: Details of existing planning permissions and compliance certificates

5. Schedule 5 - Property Certificates: Copies of relevant property certificates and compliance documents

6. Schedule 6 - Existing Tenancies: Details of any existing tenancies affecting the property

7. Appendix A - Property Plans: Maps, floor plans, and boundary plans of the property

8. Appendix B - Building Certificates: Building Energy Rating (BER) certificates and other building-related certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 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

Property Development

Construction

Banking & Finance

Legal Services

Property Management

Insurance

Agriculture

Retail

Hospitality

Commercial Office

Industrial & Logistics

Residential Property

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Compliance

Finance

Investment

Operations

Risk Management

Corporate Development

Asset Management

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Conveyancing Solicitor

Property Developer

Investment Manager

Facilities Manager

Asset Manager

Legal Counsel

Commercial Director

Property Surveyor

Acquisition Manager

Real Estate Investment Director

Property Portfolio Manager

Compliance Officer

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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