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Building Purchase Contract Template for Ireland

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Key Requirements PROMPT example:

Building Purchase Contract

"I need a Building Purchase Contract for acquiring a commercial warehouse property in Dublin, Ireland, with completion planned for March 2025, including specific provisions for existing tenant arrangements and environmental compliance requirements."

Document background
The Building Purchase Contract is a crucial legal document used in Irish property transactions to formalize the agreement between a vendor and purchaser for the sale and purchase of buildings. It is essential for both commercial and residential property transactions in Ireland, incorporating requirements under Irish property law, including the Land and Conveyancing Law Reform Act 2009 and related legislation. This contract type is used when parties have agreed on the basic terms of sale and need to document the detailed conditions, warranties, and obligations of both parties. It includes comprehensive provisions covering property description, title requirements, planning compliance, completion procedures, and various warranties. The document serves as the primary agreement governing the entire transaction and provides legal protection for all parties involved in the property transfer.
Suggested Sections

1. Parties: Identifies and defines the Vendor and Purchaser with full legal names and addresses

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

3. Definitions: Defines key terms used throughout the contract

4. Property Description: Detailed description of the property including boundaries, fixtures, and fittings

5. Purchase Price: States the agreed purchase price and payment terms including deposit requirements

6. Title: Vendor's confirmation of good marketable title and obligations regarding title documentation

7. Conditions Precedent: Conditions that must be satisfied before completion can occur

8. Completion: Details of the completion process, timing, and requirements

9. Vendor's Warranties: Warranties regarding the property's condition, planning status, and other material facts

10. Purchaser's Warranties: Warranties regarding the purchaser's capacity and authority to enter the contract

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

12. Notices: Process and requirements for serving notices under the contract

13. Governing Law: Confirms Irish law as governing law and jurisdiction

14. Entire Agreement: States that the contract represents the entire agreement between parties

Optional Sections

1. VAT: Required when the property transaction is subject to VAT

2. Planning Permissions: Included when specific planning matters need to be addressed

3. Environmental Matters: Required when environmental issues or investigations are relevant

4. Tenant Provisions: Included when the property is sold subject to existing tenancies

5. Management Company: Required for properties in multi-unit developments

6. Development Rights: Included when there are ongoing or future development considerations

7. Service Charges: Required for properties with service charge arrangements

8. Break Clause: Optional provision allowing parties to terminate under specific circumstances

Suggested Schedules

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

2. Schedule 2 - Fixtures and Fittings: Comprehensive list of included and excluded fixtures and fittings

3. Schedule 3 - Title Documents: List of title documents and certified copies to be delivered

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

5. Schedule 5 - Property Searches: Results of property searches and enquiries

6. Appendix A - Property Plans: Maps, floor plans, and boundary details

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

8. Appendix C - Energy Performance Certificate: Current energy performance certificate and ratings

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses






























Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Property Management

Commercial Property

Residential Property

Property Investment

Urban Development

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Compliance

Commercial

Operations

Finance

Risk Management

Corporate Development

Relevant Roles

Real Estate Lawyer

Property Manager

Facilities Manager

Real Estate Agent

Property Developer

Commercial Director

Legal Counsel

Conveyancing Solicitor

Property Investment Manager

Development Director

Compliance Officer

Chief Legal Officer

Real Estate Portfolio Manager

Asset Manager

Property Acquisition Manager

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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