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Property Assignment Contract Template for Ireland

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Key Requirements PROMPT example:

Property Assignment Contract

"I need a Property Assignment Contract for transferring a commercial warehouse property in Dublin from my company ABC Limited to XYZ Corporation, with completion planned for March 2025; the property includes existing tenant agreements that need to be preserved."

Document background
The Property Assignment Contract is a crucial legal instrument in Irish property transactions, used when transferring ownership rights from one party to another. This document is essential for both residential and commercial property transfers in Ireland, ensuring compliance with the Land and Conveyancing Law Reform Act 2009 and other relevant Irish property legislation. The contract includes vital information such as property details, consideration, warranties, and completion requirements, and must be properly executed to be acceptable for registration with the Property Registration Authority. Property Assignment Contracts are particularly important in Ireland due to specific local requirements for property registration, stamp duty, and planning compliance. The document serves as evidence of the transfer and protects both parties' interests by clearly stating all terms and conditions of the property assignment.
Suggested Sections

1. Parties: Identifies and defines the Assignor (current owner) and Assignee (new owner) with full legal names and addresses

2. Background: Explains the context of the assignment, including the Assignor's current ownership and intention to transfer

3. Definitions: Defines key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.

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

5. Consideration: Specifies the purchase price and payment terms for the property assignment

6. Assignment: Core clause that legally transfers the property from Assignor to Assignee

7. Assignor's Covenants: Warranties and representations by the Assignor regarding property title, encumbrances, and condition

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

9. Title Documents: Lists the title documents to be handed over upon completion

10. Execution: Formal signing section including witness requirements

Optional Sections

1. Existing Tenancies: Required if there are current tenants in the property, detailing their rights and arrangements

2. Planning Permissions: Needed if the property has specific planning permissions or restrictions that affect its use

3. Environmental Matters: Required if there are environmental issues or certifications relevant to the property

4. VAT: Include if the transaction is subject to VAT or if there are specific VAT arrangements

5. Service Charges: Necessary for properties subject to service charges or management company arrangements

6. Mortgage Details: Required if there is an existing mortgage to be discharged

7. Family Home Declaration: Required if the property is or was a family home under the Family Home Protection Act

Suggested Schedules

1. Schedule 1 - Property Details: Comprehensive legal description of the property, including maps and plans

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

3. Schedule 3 - Fixtures and Fittings: Detailed inventory of items included in the assignment

4. Appendix A - Property Maps: Official maps and plans showing the property boundaries and location

5. Appendix B - Planning Documents: Copies of relevant planning permissions and certificates

6. Appendix C - Search Results: Results of planning, environmental, and other relevant searches

7. Appendix D - Certificates: Relevant certificates including tax clearance and building energy rating

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












































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Relevant Industries

Real Estate

Commercial Property

Residential Property

Property Development

Construction

Banking and Finance

Legal Services

Property Management

Hospitality

Retail

Industrial

Agriculture

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Compliance

Finance

Risk Management

Operations

Asset Management

Investment

Corporate Services

Administration

Relevant Roles

Property Lawyer

Real Estate Attorney

Conveyancing Solicitor

Property Manager

Real Estate Agent

Commercial Property Director

Legal Counsel

Property Development Manager

Facilities Manager

Asset Manager

Investment Director

Property Portfolio Manager

Compliance Officer

Real Estate Consultant

Property Surveyor

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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