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Offer To Purchase Contract Template for Ireland

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Key Requirements PROMPT example:

Offer To Purchase Contract

"I need an Offer to Purchase Contract under Irish law for a residential property in Dublin, with specific conditions for a phased payment structure and a completion date of March 15, 2025, including provisions for existing tenants who will remain in the property for 6 months post-purchase."

Document background
The Offer to Purchase Contract is a crucial document in Irish property transactions, used when a potential buyer wishes to formalize their intention to purchase a property. This document is typically prepared after initial negotiations but before the final contract of sale, setting out the proposed terms and conditions of the purchase. It must comply with Irish property law and conveyancing requirements, including the Land and Conveyancing Law Reform Act 2009. The document includes essential details such as property description, purchase price, payment terms, conditions precedent, and due diligence requirements. It can be used for residential, commercial, or agricultural properties, and may need to be adapted based on the specific nature of the transaction and any special conditions required by either party.
Suggested Sections

1. Parties: Identification and details of the purchaser making the offer and the vendor receiving it

2. Background: Context of the offer and brief description of the property being purchased

3. Definitions: Key terms used throughout the document and their specific meanings

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

5. Purchase Price: The offered purchase price, payment terms, and deposit details

6. Conditions Precedent: Conditions that must be satisfied before the contract becomes binding

7. Due Diligence: Buyer's right to conduct property investigations and requirements for documentation

8. Closing Requirements: Specific requirements and documentation needed for closing the transaction

9. Representations and Warranties: Statements of fact and promises made by both parties regarding the property and their capacity to enter into the agreement

10. Default and Remedies: Consequences of breach and available remedies to either party

11. Notices: How and where formal communications between parties should be delivered

12. Governing Law: Confirmation that Irish law governs the agreement

Optional Sections

1. Financing Contingency: Used when the purchase is contingent on the buyer obtaining specific financing

2. Property Inspection Contingency: Used when the offer is subject to satisfactory property inspections

3. Planning Permission: Required when the purchase is contingent on obtaining specific planning permissions

4. Existing Tenancies: Needed when the property has existing tenants and specifies how these will be handled

5. Property Contents: Used when specific furniture or fittings are included in the purchase

6. Chain Break Clause: Include when the purchase is part of a property chain

7. Agricultural Provisions: Required for agricultural land purchases

8. Environmental Provisions: Used when environmental issues need to be addressed

Suggested Schedules

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

2. Schedule 2 - Included Fixtures and Fittings: Itemized list of fixtures and fittings included in the sale

3. Schedule 3 - Required Documentation: List of documents to be provided by the vendor

4. Schedule 4 - Special Conditions: Any special conditions or requirements specific to this transaction

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

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

7. Appendix C - Title Documents: Copies of title documents and land registry extracts

8. Appendix D - Property Searches: Results of preliminary property searches and enquiries

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

Commercial Property

Residential Property

Agricultural Property

Investment Management

Property Management

Relevant Teams

Legal

Real Estate

Property Management

Acquisitions

Investment

Commercial

Development

Finance

Compliance

Operations

Relevant Roles

Real Estate Lawyer

Property Solicitor

Conveyancing Solicitor

Estate Agent

Property Manager

Real Estate Developer

Investment Manager

Property Surveyor

Legal Counsel

Commercial Director

Property Investment Advisor

Acquisitions Manager

Real Estate Portfolio Manager

Property Development Director

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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