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Residential Purchase And Sale Agreement Template for Ireland

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Key Requirements PROMPT example:

Residential Purchase And Sale Agreement

"I need a Residential Purchase and Sale Agreement under Irish law for a newly built apartment in Dublin, where the purchase includes specific furniture items and involves management company obligations, with completion scheduled for March 2025."

Document background
The Residential Purchase and Sale Agreement is a fundamental legal document used in Irish property transactions for the transfer of residential property from a seller to a buyer. It is essential for any residential property sale in Ireland, whether for houses, apartments, or other residential units. The agreement must comply with Irish property law, including the Land and Conveyancing Law Reform Act 2009 and related legislation. It typically includes detailed information about the property, purchase price, completion arrangements, title requirements, planning compliance, and the respective obligations of both parties. This document is crucial for protecting both parties' interests and ensuring a legally compliant property transfer. It should be prepared and reviewed by qualified legal professionals to ensure all necessary provisions are included and properly drafted according to current Irish law and practice.
Suggested Sections

1. Parties: Identifies and provides full details of the Vendor/Seller and Purchaser/Buyer

2. Background: Establishes the context of the sale and confirms the Vendor's ownership and right to sell

3. Definitions: Defines key terms used throughout the agreement

4. Property Description: Detailed description of the property being sold, including its address and folio number

5. Purchase Price: States the agreed purchase price and payment terms, including deposit arrangements

6. Completion: Specifies the completion date and procedures for closing the sale

7. Title: Vendor's warranties regarding good and marketable title to the property

8. Vendor's Obligations: Lists all obligations of the seller up to and including completion

9. Purchaser's Obligations: Lists all obligations of the buyer up to and including completion

10. Condition of Property: Details the state of the property and any warranties regarding its condition

11. Planning and Building Regulations: Confirmations regarding planning permissions and compliance

12. Vacant Possession: Commitment to provide vacant possession on completion

13. Risk and Insurance: Provisions regarding property insurance and risk transfer

14. Default: Consequences of either party defaulting on their obligations

15. Notices: How formal notices under the agreement should be given

16. Governing Law: Confirms Irish law governs the agreement

Optional Sections

1. Mortgage Details: Include when purchaser is obtaining mortgage financing

2. Management Company: Required for apartments or managed developments

3. Tenancies: Include if property is sold subject to existing tenancies

4. Contents: Include when sale includes specific furniture or fittings

5. Development Conditions: Include for new builds or properties under construction

6. Help to Buy Scheme: Include if purchaser is using government Help to Buy scheme

7. Solar Panel Lease: Include if property has leased solar panels

8. Boundaries and Rights of Way: Include if there are specific boundary issues or rights of way

9. Environmental Matters: Include if property has specific environmental considerations

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property including boundaries and maps

2. Schedule 2 - Contents: Inventory of included fixtures, fittings, and contents

3. Schedule 3 - Planning Documentation: List of relevant planning permissions and certificates

4. Schedule 4 - Title Documents: List of title documents and encumbrances

5. Appendix A - Property Maps: Maps and plans showing the property boundaries and location

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

7. Appendix C - Management Company Details: For managed developments, details of management company and service charges

8. Appendix D - Requisitions on Title: Standard pre-contract enquiries and responses

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

Residential Property

Legal Services

Financial Services

Property Development

Construction

Property Management

Insurance

Banking

Professional Services

Relevant Teams

Legal

Real Estate

Conveyancing

Sales

Compliance

Risk Management

Property Services

Client Relations

Documentation

Business Development

Relevant Roles

Property Lawyer

Conveyancing Solicitor

Real Estate Agent

Property Manager

Mortgage Advisor

Legal Counsel

Property Developer

Sales Manager

Compliance Officer

Real Estate Partner

Property Consultant

Transaction Manager

Risk Manager

Legal Director

Property Services 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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