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Agreement To Purchase Property Template for Ireland

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Key Requirements PROMPT example:

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."

Document background
The Agreement To Purchase Property is a fundamental legal document used in Irish property transactions to formalize the sale and purchase of real estate. It is required whenever there is a transfer of property ownership in Ireland, whether for residential or commercial properties. The agreement must comply with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009, and includes essential elements such as party details, property description, purchase price, deposit arrangements, title requirements, warranties, and completion mechanics. This document is typically prepared after initial terms are agreed upon but before the formal conveyancing process begins, and serves as the foundation for the entire transaction. It protects both parties' interests by clearly defining their rights and obligations, and typically incorporates specific provisions required under Irish law for property transfers.
Suggested Sections

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.

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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

Commercial Property

Retail

Industrial

Hospitality

Healthcare

Education

Agriculture

Mixed-Use Development

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Commercial

Finance

Compliance

Operations

Investment

Development

Relevant Roles

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

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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