The Apartment Sale and Purchase Contract is a fundamental legal document used in Irish residential property transactions involving apartment units. It is essential when transferring ownership of an apartment from a vendor to a purchaser in Ireland, ensuring compliance with relevant legislation including the Multi-Unit Developments Act 2011 and the Land and Conveyancing Law Reform Act 2009. The contract covers crucial aspects such as property description, purchase price, management company obligations, service charges, common areas, and completion procedures. It's particularly important in addressing unique aspects of apartment ownership, including shared facilities, management company membership, and service charge arrangements. The document must be drafted with careful consideration of Irish property law requirements and should include all necessary schedules and appendices to ensure a complete and legally compliant transaction.
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1. Parties: Identification of the Vendor and Purchaser with full legal names and addresses
2. Background: Context of the transaction, including brief description of the property and intention to sell/purchase
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core agreement to sell and purchase the property at the specified price
5. Purchase Price: Detailed breakdown of the purchase price, deposit, and payment terms
6. Title: Vendor's confirmation of good marketable title and related warranties
7. Property Description: Detailed description of the apartment, including floor area and boundaries
8. Management Company: Details of the management company, service charges, and sinking fund
9. Completion: Completion date, requirements, and procedures
10. Vendor's Obligations: Pre-completion and completion obligations of the vendor
11. Purchaser's Obligations: Pre-completion and completion obligations of the purchaser
12. Risk and Insurance: Transfer of risk and insurance obligations
13. Default: Consequences of default by either party
14. Notices: How formal notices between parties should be given
15. Governing Law: Confirmation that Irish law governs the agreement
1. Parking Space: Details of any designated parking space included in the sale
2. Storage Unit: Details of any storage unit or facility included in the sale
3. Fixtures and Fittings: Specific items included or excluded from the sale
4. Planning Conditions: Any specific planning conditions affecting the property
5. Pre-existing Tenancy: Details of any existing tenancy agreement
6. Special Conditions: Any special conditions agreed between the parties
7. VAT: VAT provisions if applicable to the transaction
8. Help to Buy Scheme: Provisions relating to government purchase assistance schemes
9. Stage Payments: If the property is under construction and requires staged payments
1. Schedule 1 - Property Details: Detailed description of the property including folio number, floor plans, and boundaries
2. Schedule 2 - Title Documents: List of all title documents and searches
3. Schedule 3 - Fixtures and Fittings: Comprehensive inventory of items included and excluded from the sale
4. Schedule 4 - Management Company Documents: House rules, service charge details, and sinking fund information
5. Schedule 5 - Planning Documentation: Planning permissions, certificates, and compliance documents
6. Schedule 6 - BER Certificate: Building Energy Rating certificate and advisory report
7. Appendix A - Plans: Floor plans, site maps, and location plans
8. Appendix B - Photographs: Dated photographs of the property where relevant
9. Appendix C - Snag List: List of any defects to be remedied before completion
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Legal Services
Banking and Finance
Property Management
Construction
Insurance
Urban Planning
Residential Property
Relevant Teams
Legal
Real Estate
Property Management
Compliance
Finance
Administration
Sales
Customer Service
Risk Management
Operations
Relevant Roles
Property Lawyer
Real Estate Agent
Property Manager
Conveyancing Solicitor
Legal Counsel
Property Developer
Mortgage Advisor
Property Surveyor
Compliance Officer
Real Estate Transaction Manager
Housing Officer
Property Administrator
Legal Secretary
Title Researcher
Contract Manager
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