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Property Transfer Agreement
"I need a Property Transfer Agreement for a commercial warehouse in Dublin, valued at €2.5M, with completion scheduled for March 15, 2025; the property has existing tenants who will remain after the transfer, and there are specific environmental compliance requirements that need to be addressed."
1. Parties: Identification and details of the Transferor and Transferee, including full legal names, addresses, and any company registration details if applicable
2. Background: Context of the transfer, including brief description of the property and purpose of the transfer
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Completion Date', 'Purchase Price', etc.
4. Agreement to Transfer: Core provision stating the agreement to transfer the property and the basic terms of the transfer
5. Purchase Price: Details of the purchase price, payment terms, and method of payment
6. Completion: Specifics about the completion date, completion requirements, and mechanics of transfer
7. Title and Registration: Provisions regarding proof of title, registration requirements, and title guarantees
8. Transferor's Warranties: Warranties given by the transferor regarding ownership, encumbrances, planning permissions, etc.
9. Property Condition: Statement regarding the condition in which the property is being transferred
10. Costs and Tax: Allocation of costs, stamp duty, and other tax obligations
11. Notices: Process for serving notices between parties
12. Governing Law: Confirmation that the agreement is governed by Irish law
13. Execution: Signature blocks and execution formalities
1. Environmental Matters: Required when there are specific environmental concerns or requirements relating to the property
2. Planning Permissions: Detailed section needed when the property has specific planning permissions or restrictions
3. Tenant Rights: Required when the property is subject to existing tenancies
4. Service Charges: Needed for properties subject to service charges or management company arrangements
5. VAT Elections: Required when the transfer has VAT implications
6. Family Home Protection: Required when the property is or was a family home requiring spousal consent
7. Mortgage Details: Required when there are existing mortgages to be discharged
8. Development Rights: Needed when transferring properties with development potential or restrictions
1. Schedule 1 - Property Description: Detailed description of the property including folio numbers, boundaries, and maps
2. Schedule 2 - Title Documents: List of title documents and their copies
3. Schedule 3 - Planning Permissions: Details of all planning permissions, certificates, and notices affecting the property
4. Schedule 4 - Encumbrances: List of any charges, mortgages, or other encumbrances affecting the property
5. Appendix A - Property Maps: Maps and plans showing the property boundaries and location
6. Appendix B - Property Photographs: Recent photographs of the property (if relevant)
7. Appendix C - BER Certificate: Building Energy Rating certificate and advisory report
8. Appendix D - Requisitions on Title: Standard requisitions on title and replies
Authors
Real Estate
Legal Services
Banking and Finance
Construction
Property Development
Agricultural
Commercial Property
Residential Property
Retail
Industrial
Hospitality
Healthcare
Legal
Real Estate
Property Management
Compliance
Operations
Facilities
Finance
Tax
Risk Management
Corporate Services
Investment
Property Lawyer
Real Estate Agent
Conveyancing Solicitor
Property Manager
Legal Counsel
Real Estate Director
Property Developer
Compliance Officer
Tax Advisor
Title Officer
Land Registry Officer
Property Operations Manager
Real Estate Investment Manager
Facilities Manager
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