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Assignment Contract (Real Estate)

Assignment Contract (Real Estate) Template for Ireland

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Key Requirements PROMPT example:

Assignment Contract (Real Estate)

"I need a Real Estate Assignment Contract under Irish law for transferring a commercial office building in Dublin's tech district, with completion scheduled for March 2025, including specific provisions for existing tenant agreements and service charge arrangements."

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Document background
The Assignment Contract (Real Estate) is a fundamental legal instrument in Irish property transactions, used when transferring property rights from one party to another. This document is essential in situations where existing property interests need to be reassigned, such as in commercial property deals, development projects, or portfolio restructuring. The contract must comply with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009, and includes crucial elements such as property details, consideration, warranties, and completion mechanisms. It's particularly important in commercial real estate transactions and requires careful attention to Irish registration requirements, stamp duty obligations, and property law principles.
Suggested Sections

1. Parties: Identification of the Assignor and Assignee with full legal names and addresses

2. Background: Context of the assignment, including brief history of the property ownership and reason for assignment

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Property Details: Comprehensive description of the property being assigned, including legal description and registered title number

5. Consideration: Details of the payment or other consideration for the assignment

6. Assignment: Core terms of the assignment, including the formal transfer language

7. Completion: Details of the completion process, timing, and mechanics of transfer

8. Assignor's Warranties: Warranties regarding title, encumbrances, and property condition

9. Title Matters: Specific details about the title being transferred and any encumbrances

10. Notices: Process and requirements for serving notices under the agreement

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

Optional Sections

1. Planning Matters: Section dealing with planning permissions and compliance - include if there are specific planning considerations

2. Environmental Matters: Include if there are environmental issues or concerns relating to the property

3. Tenant Provisions: Include if the property is subject to existing tenancies

4. Service Charges: Include for properties subject to service charges or management company arrangements

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

6. Family Home Protection: Include if the property is or may be a family home requiring spousal consent

7. Assignment of Contracts: Include if there are related contracts being assigned along with the property

Suggested Schedules

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

2. Title Documents: List of all relevant title documents and their locations

3. Encumbrances Schedule: Details of any existing charges, mortgages, or other encumbrances

4. Planning Permissions: Copies or details of relevant planning permissions and certificates

5. Rights and Easements: Details of any rights, easements, or covenants affecting the property

6. Existing Tenancies: Details of any existing tenancy agreements (if applicable)

7. Completion Requirements: Checklist of documents required for completion

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

Property Development

Commercial Property

Residential Property

Construction

Banking and Finance

Legal Services

Property Investment

Property Management

Urban Development

Relevant Teams

Legal

Real Estate

Property Management

Acquisitions

Asset Management

Facilities Management

Compliance

Operations

Investment

Risk Management

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Commercial Property Director

Legal Counsel

Conveyancing Solicitor

Property Development Manager

Asset Manager

Investment Director

Facilities Manager

Real Estate Portfolio Manager

Property Acquisitions Manager

Real Estate Operations Director

Compliance Officer

Title Insurance Specialist

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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