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Residential Contract Of Sale Template for Ireland

A comprehensive legal document governed by Irish law that facilitates the sale and purchase of residential property in Ireland. This contract outlines the terms and conditions of the property sale, including property details, purchase price, payment terms, and obligations of both parties. It incorporates relevant requirements under Irish property law, including compliance with the Land and Conveyancing Law Reform Act 2009 and other applicable legislation. The document serves as the primary agreement between vendor and purchaser, establishing their respective rights and responsibilities throughout the transaction process.

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What is a Residential Contract Of Sale?

The Residential Contract of Sale is a fundamental legal document used in Irish property transactions for the transfer of residential property ownership. It is essential for any residential property sale in Ireland, whether for houses, apartments, or other residential units. The contract must comply with Irish property law, including the Land and Conveyancing Law Reform Act 2009 and related legislation. It typically includes detailed property descriptions, price and payment terms, title requirements, completion conditions, and various warranties and representations. This document is crucial for ensuring legal certainty in property transactions and protecting the interests of both vendors and purchasers. It forms the basis for the conveyancing process and is typically prepared by legal professionals with expertise in Irish property law.

What sections should be included in a Residential Contract Of Sale?

1. Parties: Identification of the vendor and purchaser with full legal names and addresses

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

3. Definitions: Definitions of key terms used throughout the contract

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

5. Purchase Price: Agreed purchase price, deposit amount, and payment terms

6. Title: Details of the vendor's title and any encumbrances or restrictions

7. Conditions Precedent: Conditions that must be met before completion

8. Completion: Requirements and procedures for completion of the sale

9. Vendor's Obligations: Obligations of the vendor up to and including completion

10. Purchaser's Obligations: Obligations of the purchaser up to and including completion

11. Risk and Insurance: Provisions regarding property risk and insurance requirements

12. Notices: Process for serving notices between parties

13. General Provisions: Standard contract clauses including governing law and jurisdiction

What sections are optional to include in a Residential Contract Of Sale?

1. Planning Compliance: Detailed section on planning permissions and compliance - required for properties with recent construction or modifications

2. Management Company: Required for apartments or managed developments - details service charges and management structure

3. Fixtures and Fittings: Detailed list of items included/excluded in sale - used when specific items need to be clearly identified

4. Tenancies: Required if property is subject to existing tenancies

5. VAT: Required for new properties or commercial residential properties subject to VAT

6. Environmental Matters: Required for properties with specific environmental considerations or protections

7. Building Energy Rating: Detailed section on energy performance - required for newer properties or when specifically negotiated

What schedules should be included in a Residential Contract Of Sale?

1. Schedule 1 - Property Details: Detailed property description, including maps and plans

2. Schedule 2 - Fixtures and Fittings: Comprehensive inventory of items included and excluded from the sale

3. Schedule 3 - Special Conditions: Any special conditions agreed between the parties

4. Schedule 4 - Title Documents: List of title documents and certified copies to be delivered on completion

5. Appendix 1 - Property Plans: Maps, floor plans, and boundary details

6. Appendix 2 - Planning Documentation: Copies of relevant planning permissions and certificates

7. Appendix 3 - BER Certificate: Building Energy Rating certificate and advisory report

8. Appendix 4 - Management Company Documents: For managed developments - company constitution, service charge details, etc.

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

Jurisdiction

Ireland

Document Type

Contract to Sell

Cost

Free to use

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