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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."
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
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
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
Real Estate
Commercial Property
Residential Property
Property Development
Construction
Banking and Finance
Legal Services
Property Management
Hospitality
Retail
Industrial
Agriculture
Legal
Real Estate
Property Management
Facilities
Compliance
Finance
Risk Management
Operations
Asset Management
Investment
Corporate Services
Administration
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
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