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Assignable Real Estate Contract

Assignable Real Estate Contract Template for Ireland

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Key Requirements PROMPT example:

Assignable Real Estate Contract

"I need an Assignable Real Estate Contract for a commercial office building in Dublin city center, with completion scheduled for March 2025, and specific provisions allowing assignment to any company within our investment group structure."

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Document background
The Assignable Real Estate Contract is a specialized legal document used in Irish property transactions where the initial purchaser may want to transfer their rights to another party before completion. This document is particularly valuable in property development, investment scenarios, or when dealing with property portfolios. It incorporates all standard elements of an Irish property contract while adding specific provisions for assignment rights, ensuring compliance with Irish property law and conveyancing requirements. The contract is structured to protect all parties' interests while maintaining flexibility for potential assignment, making it suitable for both commercial and residential property transactions. It includes comprehensive provisions for property description, price, completion terms, and assignment conditions, all aligned with Irish legal requirements and market practices.
Suggested Sections

1. Parties: Identification of the Vendor and Purchaser, including full legal names and addresses

2. Background: Context of the transaction and brief description of the property being sold

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

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

5. Purchase Price: The agreed purchase price and payment terms, including deposit arrangements

6. Assignment Rights: Specific provisions regarding the purchaser's right to assign the contract to third parties

7. Conditions of Sale: Standard and special conditions applying to the sale

8. Title and Registration: Provisions regarding proof of title and registration requirements

9. Completion: Terms and procedures for completing the transaction

10. Representations and Warranties: Vendor's representations regarding the property and title

11. Default and Remedies: Consequences of default by either party and available remedies

12. Notices: How and where formal notices under the contract must be sent

13. Governing Law: Confirmation of Irish law as governing law and jurisdiction

14. Execution: Signature blocks and execution provisions

Optional Sections

1. Planning Permissions: Details of existing planning permissions and conditions - include if property has recent developments or pending applications

2. Tenant Rights: Include if the property is subject to existing tenancies

3. Service Charges: Include for properties subject to management companies or service charge arrangements

4. Environmental Matters: Include if property has known environmental issues or requirements

5. VAT Provisions: Include if the transaction is subject to VAT

6. Development Rights: Include if there are specific development rights or restrictions to be transferred

7. Assignment Conditions: Specific conditions for assignment if there are particular requirements or restrictions

8. Building Energy Rating: Include specific provisions regarding BER certificates and ratings if required

Suggested Schedules

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

2. Schedule 2 - Title Documents: List of title documents and certified copies

3. Schedule 3 - Fixtures and Fittings: Inventory of items included/excluded from the sale

4. Schedule 4 - Planning Documentation: Copies of relevant planning permissions and certificates

5. Schedule 5 - Assignment Terms: Detailed terms and conditions for assignment rights

6. Appendix A - Property Maps: Official maps and property boundaries

7. Appendix B - Building Certificates: Relevant building certificates and compliance documents

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions
































Clauses





























Relevant Industries

Real Estate

Commercial Property

Residential Property

Construction

Property Development

Banking and Finance

Legal Services

Property Investment

Property Management

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Commercial

Operations

Investment

Risk Management

Corporate Development

Acquisitions

Relevant Roles

Real Estate Lawyer

Property Solicitor

Real Estate Agent

Property Developer

Investment Manager

Legal Counsel

Conveyancing Solicitor

Property Manager

Real Estate Investment Director

Commercial Property Manager

Real Estate Transaction Manager

Property Portfolio Manager

Legal Director

Compliance Officer

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

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