Document background
The Sub Sale Agreement is essential in Irish property transactions where an intermediate buyer intends to sell a property before completing their own purchase from the original owner. This document type is commonly used in property development, investment scenarios, or when market conditions create opportunities for profitable resale. The agreement must carefully coordinate the timing of both transactions, address tax implications (particularly stamp duty and VAT), and ensure compliance with Irish property law requirements. It includes detailed provisions for completion mechanics, payment arrangements, and risk allocation between parties. The document is structured to protect all parties' interests while facilitating efficient transaction completion, incorporating necessary elements from the Land and Conveyancing Law Reform Act 2009 and other relevant Irish legislation.
