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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."
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
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
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
Real Estate
Residential Property
Legal Services
Financial Services
Property Development
Construction
Property Management
Insurance
Banking
Professional Services
Legal
Real Estate
Conveyancing
Sales
Compliance
Risk Management
Property Services
Client Relations
Documentation
Business Development
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
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