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Property Sales Agreement for Ireland

Property Sales Agreement Template for Ireland

A legally binding agreement governed by Irish law that facilitates the transfer of property ownership from a vendor to a purchaser. This comprehensive document outlines all essential aspects of the property sale, including purchase price, property details, completion requirements, and obligations of both parties. It incorporates specific requirements under Irish property law, including compliance with the Land and Conveyancing Law Reform Act 2009 and other relevant Irish legislation. The agreement serves as the primary document in property transactions, ensuring clear terms and protecting the interests of all parties involved.

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Property Sales Agreement

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What is a Property Sales Agreement?

The Property Sales Agreement is a fundamental legal document used in Irish property transactions to formalize the sale and purchase of real estate. This document is essential when transferring ownership of any type of property in Ireland, whether residential, commercial, or industrial. It must comply with Irish property law, including the Land and Conveyancing Law Reform Act 2009 and related legislation. The agreement typically includes detailed information about the property, purchase price, completion requirements, warranties, and specific conditions of sale. It serves as the primary reference document throughout the conveyancing process and is crucial for protecting both the vendor's and purchaser's interests. The document must be drafted with careful consideration of Irish legal requirements, property registration procedures, and any specific local authority regulations.

What sections should be included in a Property Sales Agreement?

1. Parties: Identification and details of the Vendor and Purchaser

2. Background: Context of the sale and brief description of the property

3. Definitions: Defined terms used throughout the agreement

4. Sale and Purchase: Core agreement to sell and purchase the property, including the purchase price

5. Deposit: Terms regarding the deposit amount, payment, and holding conditions

6. Title: Vendor's confirmation of good marketable title and related warranties

7. Completion: Completion date, requirements, and procedures

8. Vacant Possession: Confirmation of vacant possession on completion

9. Risk and Insurance: Property risk allocation and insurance requirements until completion

10. Planning and Building Regulations: Compliance with planning laws and building regulations

11. Condition of Property: State of the property and any warranties regarding its condition

12. Services and Utilities: Status of utilities and services connected to the property

13. Representations and Warranties: Standard warranties from both parties

14. Default: Consequences of default by either party

15. Notices: Process for serving notices between parties

16. Governing Law: Confirmation of Irish law as governing law

What sections are optional to include in a Property Sales Agreement?

1. Tenant Rights: Required when the property is sold subject to existing tenancies

2. Management Company: Needed for apartments or managed developments

3. Planning Permission: Required when recent construction or modifications have been made

4. Environmental Matters: Needed when environmental issues are relevant to the property

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

6. Mortgage Details: Needed when the property is being sold subject to an existing mortgage

7. Contents: Required when the sale includes specific furniture or fittings

8. Development Rights: Needed when there are ongoing or potential development opportunities

9. Rights of Way: Required when there are specific access rights or easements

10. Conservation Status: Needed for protected structures or properties in conservation areas

What schedules should be included in a Property Sales Agreement?

1. Schedule 1 - Property Description: Detailed description of the property including boundaries and folio numbers

2. Schedule 2 - Purchase Price Payment Terms: Breakdown of purchase price and payment schedule

3. Schedule 3 - Title Documents: List of title documents and related correspondence

4. Schedule 4 - Property Contents: Inventory of contents included in the sale

5. Schedule 5 - Planning Documentation: Copies of relevant planning permissions and certificates

6. Appendix A - Property Maps: Maps and plans showing the property boundaries and location

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

8. Appendix C - Property Searches: Results of local authority and planning searches

9. Appendix D - Management Company Information: Details of management company and service charges if applicable

10. Appendix E - Snag List: List of items to be addressed before completion (if new build)

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Ireland

Document Type

Purchase Agreement

Cost

Free to use
Relevant legal definitions



































Clauses






























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

Facilities

Operations

Compliance

Sales

Commercial

Asset Management

Risk Management

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Conveyancing Solicitor

Property Developer

Legal Counsel

Commercial Director

Property Investment Manager

Facilities Manager

Asset Manager

Real Estate Portfolio Manager

Compliance Officer

Real Estate Transaction Manager

Property Operations Director

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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