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The For Sale By Owner Purchase Agreement is a crucial legal document used in Ireland when property owners choose to sell their property directly to buyers without engaging a real estate agent. This approach, while potentially cost-saving, requires a robust legal framework to ensure the transaction's validity and protect all parties' interests. The document is designed to comply with Irish property law, including the Land and Conveyancing Law Reform Act 2009 and related legislation. It contains detailed provisions covering property description, purchase price, deposit requirements, warranties, and completion procedures. This agreement is particularly relevant in private property sales where sellers want more control over the sale process while ensuring all legal requirements are met. The document includes comprehensive sections addressing title verification, property searches, and necessary disclosures, making it suitable for residential property transactions in Ireland.

1. Parties: Identifies and provides full details of the Seller and Buyer, including names, addresses, and contact information

2. Background: Sets out the context of the agreement, stating that the Seller owns the property and wishes to sell it to the Buyer

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Property Description: Detailed description of the property including address, folio number, boundaries, and included fixtures and fittings

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

6. Deposit: Details of the deposit amount, when it must be paid, and how it will be held

7. Closing Date and Completion: Specifies the intended closing date and completion requirements

8. Title and Documentation: Seller's warranties regarding clean title and requirements for documentation

9. Conditions Precedent: Conditions that must be met before the sale can complete, including title verification and searches

10. Seller's Representations and Warranties: Warranties regarding property condition, legal compliance, and disclosure of material facts

11. Buyer's Representations and Warranties: Confirmations regarding the buyer's capacity to purchase and funding arrangements

12. Risk and Insurance: Provisions regarding property risk and insurance requirements until completion

13. Default and Remedies: Consequences of either party defaulting on their obligations

14. Notices: How formal communications between parties should be made and delivered

15. Governing Law: Confirms Irish law governs the agreement and jurisdiction for disputes

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