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Realty Purchase Agreement Template for Ireland

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Key Requirements PROMPT example:

Realty Purchase Agreement

"I need a Realty Purchase Agreement under Irish law for a commercial property purchase in Dublin city center, with specific provisions for existing tenant rights and service charge arrangements, targeted for completion in March 2025."

Document background
A Realty Purchase Agreement is the primary legal document used in Irish property transactions to formalize the sale and purchase of real estate. This document is essential whenever real property is being transferred from one party to another in Ireland, whether for residential or commercial purposes. The agreement must comply with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009, and includes crucial details such as property description, purchase price, completion terms, and various warranties. It serves as the foundation for the conveyancing process and is typically prepared after initial terms are agreed upon but before the formal property transfer occurs. The document includes provisions for dealing with title issues, planning compliance, and other matters specific to Irish property transactions, making it a crucial tool for protecting both vendors' and purchasers' interests.
Suggested Sections

1. Parties: Identification of the Vendor and Purchaser with full legal names and addresses

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

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

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

5. Purchase Price: Agreed purchase price, deposit amount, and payment terms

6. Completion: Closing date and completion requirements

7. Title and Registration: Vendor's obligations regarding title, Land Registry requirements, and transfer process

8. Vendor's Warranties: Warranties regarding property ownership, encumbrances, and condition

9. Purchaser's Warranties: Purchaser's confirmations regarding funding and capacity to complete

10. Conditions Precedent: Conditions that must be satisfied before completion

11. Risk and Insurance: Property risk transfer and insurance requirements

12. Notices: Process for serving notices between parties

13. Governing Law: Confirmation of Irish law governance and jurisdiction

14. Execution: Signature blocks and execution requirements

Optional Sections

1. Planning Compliance: Used when the property requires specific planning permission confirmations or has outstanding planning issues

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

3. VAT: Included when the transaction is subject to VAT or when the property is commercial

4. Environmental Matters: Required for properties with potential environmental concerns or requirements

5. Service Charges: Included for properties subject to management companies or service charge arrangements

6. New Build Provisions: Required for new construction properties, including warranties and snag list procedures

7. Agricultural Provisions: Used when the property includes agricultural land or related rights

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

9. Special Conditions: Used when unique circumstances require additional terms

Suggested Schedules

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

2. Schedule 2 - Fixtures and Fittings: Inventory of items included and excluded from the sale

3. Schedule 3 - Title Documents: List of all relevant title documents and encumbrances

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

5. Appendix A - Property Maps: Official property maps and boundary details

6. Appendix B - Building Energy Rating Certificate: Current BER certificate and advisory report

7. Appendix C - Property Searches: Results of planning, tax, and other relevant searches

8. Appendix D - Special Conditions: Detailed special conditions if applicable

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

Banking and Finance

Legal Services

Construction

Property Development

Property Management

Agriculture

Retail

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Compliance

Finance

Investment

Operations

Risk Management

Administrative Support

Relevant Roles

Property Lawyer

Real Estate Agent

Property Manager

Conveyancing Solicitor

Legal Counsel

Property Developer

Commercial Director

Investment Manager

Facilities Manager

Real Estate Portfolio Manager

Property Surveyor

Mortgage Advisor

Legal Administrator

Compliance Officer

Real Estate Analyst

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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