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Commercial Property Sales Agreement Template for Ireland

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Key Requirements PROMPT example:

Commercial Property Sales Agreement

"I need a Commercial Property Sales Agreement for the purchase of a multi-tenant office building in Dublin, which must include specific provisions for existing tenancy agreements and service contracts, with completion planned for March 2025."

Document background
The Commercial Property Sales Agreement is a crucial legal document used in Ireland for transferring ownership of commercial real estate from a seller to a purchaser. It is essential for any business-related property transaction, including office buildings, retail spaces, industrial facilities, or mixed-use developments. The agreement must comply with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009, and includes detailed provisions covering property description, title verification, warranties, planning compliance, and completion procedures. This document is typically prepared by legal professionals and requires input from various stakeholders including surveyors, valuers, and potentially environmental consultants. It serves as the definitive record of the transaction terms and protects both parties' interests while ensuring compliance with all relevant Irish property and commercial laws.
Suggested Sections

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

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

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

4. Sale and Purchase: Core agreement to sell and purchase the property, including the purchase price

5. Property Description: Detailed description of the property being sold, including boundaries and any excluded items

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

7. Purchase Price and Payment Terms: Detailed breakdown of the purchase price, deposit, and payment schedule

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

9. Completion: Requirements and procedures for completing the sale

10. Warranties and Representations: Seller's warranties regarding the property and business

11. Property Condition: State and condition of the property, including any known defects

12. Planning and Compliance: Confirmation of planning permissions and compliance with regulations

13. VAT and Tax Provisions: Treatment of VAT and other tax matters related to the sale

14. Insurance: Responsibilities for insurance until completion

15. Default and Termination: Consequences of default and termination rights

16. Notices: Process for serving notices under the agreement

17. Governing Law and Jurisdiction: Confirmation of Irish law governance and jurisdiction

18. Execution: Signature blocks and execution formalities

Optional Sections

1. Tenant Rights: Required when the property is sold subject to existing tenancies

2. Environmental Matters: Required when there are specific environmental concerns or compliance requirements

3. Service Contracts: Required when there are ongoing service contracts that will be transferred

4. Intellectual Property: Required when the sale includes trading names or other IP associated with the property

5. Employee Matters: Required when the sale involves transfer of employees

6. Development Rights: Required when there are existing planning permissions or development potential

7. Contamination and Hazardous Substances: Required for properties with industrial use history or known contamination

8. Rights of Way and Easements: Required when there are specific access rights or restrictions

9. Monument Protection: Required for properties with protected structures or archaeological significance

Suggested Schedules

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

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

3. Schedule 3 - Warranties: Detailed seller's warranties

4. Schedule 4 - Existing Tenancies: Details of any existing leases and tenancy agreements

5. Schedule 5 - Plant and Equipment: Inventory of included fixtures, fittings, and equipment

6. Schedule 6 - Service Contracts: List of transferring service contracts

7. Schedule 7 - Planning Permissions: Copies of relevant planning permissions and certificates

8. Schedule 8 - Environmental Reports: Environmental surveys and compliance certificates

9. Appendix A - Property Plans: Maps, floor plans, and site layouts

10. Appendix B - Photos: Photographic evidence of property condition

11. Appendix C - Building Surveys: Technical surveys and reports

12. Appendix D - Energy Performance Certificate: Current energy performance certification

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

Commercial Property Development

Retail

Manufacturing

Hospitality

Healthcare

Education

Technology

Financial Services

Logistics and Warehousing

Professional Services

Industrial

Agriculture

Entertainment and Leisure

Relevant Teams

Legal

Real Estate

Finance

Operations

Facilities Management

Risk and Compliance

Corporate Development

Property Management

Asset Management

Business Development

Investment

Construction and Development

Corporate Services

Administration

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Real Estate Director

Property Manager

Commercial Lawyer

Legal Counsel

Facilities Manager

Corporate Real Estate Manager

Investment Director

Development Director

Operations Manager

Risk Manager

Compliance Officer

Finance Manager

Asset Manager

Property Surveyor

Real Estate Broker

Business Development Manager

Project Manager

Construction 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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