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Agreement To Purchase Property
"I need an Agreement To Purchase Property for a commercial retail unit in Dublin, which includes existing tenancies and requires completion by March 2025; the property is part of a managed development with service charges."
1. Parties: Identifies and provides full details of the Vendor and Purchaser
2. Background: Context of the transaction and brief description of the property
3. Definitions and Interpretation: Defines key terms used throughout the agreement and sets out interpretation rules
4. Sale and Purchase: Core agreement to sell and purchase the property, including the purchase price
5. Deposit: Details of the deposit amount, payment terms, and conditions for holding/release
6. Title: Vendor's obligations regarding proof of title and purchaser's rights to raise requisitions
7. Conditions Precedent: Conditions that must be satisfied before completion can occur
8. Completion: Timing and mechanics of completion, including payment and transfer of title
9. Vendor's Warranties: Standard warranties about the property's condition, title, and other relevant matters
10. Risk and Insurance: Allocation of risk and insurance obligations until completion
11. Notices: Process for serving formal notices under the agreement
12. General Provisions: Standard boilerplate clauses including governing law, entire agreement, etc.
1. Planning and Development: Required when the property requires or has existing planning permissions
2. Existing Tenancies: Required when the property is sold subject to existing tenancies
3. VAT: Required when the transaction is subject to VAT
4. Service Charge: Required for properties in managed developments
5. Environmental Matters: Required when there are environmental concerns or compliance requirements
6. Management Company: Required for apartments or managed developments
7. New Build Provisions: Required for newly constructed properties
8. Break Clause: Optional clause allowing either party to terminate under specific circumstances
1. Schedule 1 - Property Description: Detailed description of the property including boundaries and any included fixtures and fittings
2. Schedule 2 - Title Documents: List of title documents and encumbrances affecting the property
3. Schedule 3 - Form of Transfer: Agreed form of transfer deed to be executed at completion
4. Schedule 4 - Vendor's Warranties: Detailed warranties given by the vendor regarding the property
5. Schedule 5 - Completion Requirements: Detailed list of documents and requirements for completion
6. Appendix 1 - Property Plans: Maps and plans showing the property boundaries and location
7. Appendix 2 - Planning Documents: Copies of relevant planning permissions and documentation
8. Appendix 3 - Building Certificates: Relevant building certificates and compliance documentation
Authors
Real Estate
Residential Property
Commercial Property
Retail
Industrial
Hospitality
Healthcare
Education
Agriculture
Mixed-Use Development
Legal
Real Estate
Property Management
Facilities
Commercial
Finance
Compliance
Operations
Investment
Development
Property Lawyer
Real Estate Attorney
Conveyancing Solicitor
Real Estate Manager
Property Developer
Estate Agent
Property Investment Manager
Facilities Manager
Commercial Director
Legal Counsel
Contracts Manager
Property Portfolio Manager
Real Estate Investment Analyst
Development Director
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