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Deed Of Sale Of Condominium Unit

Deed Of Sale Of Condominium Unit Template for Ireland

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Key Requirements PROMPT example:

Deed Of Sale Of Condominium Unit

"I need a Deed of Sale of Condominium Unit for a two-bedroom apartment in Dublin with one designated parking space, scheduled for completion in March 2025; the unit is part of a newly built development and will include standard management company arrangements."

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Document background
The Deed of Sale of Condominium Unit is a crucial legal document used in Irish property transactions when transferring ownership of an apartment or condominium unit. It is specifically designed to comply with Irish property law, including the Land and Conveyancing Law Reform Act 2009 and the Multi-Unit Developments Act 2011. This deed is essential when selling units in multi-unit developments, addressing not only the property transfer but also the purchaser's rights and obligations regarding common areas, management company membership, and service charges. The document should be used for any condominium sale in Ireland, ensuring all aspects of the transaction are properly documented and legally binding. It includes comprehensive information about the property, parties involved, purchase price, completion requirements, and various warranties and covenants, along with all necessary schedules and certificates required under Irish law.
Suggested Sections

1. Parties: Identification of the Vendor, Purchaser, and Management Company with full legal names and addresses

2. Background: Recitals explaining the Vendor's ownership, property details, and Management Company's role

3. Definitions: Definitions of key terms used throughout the deed including 'Property', 'Common Areas', 'Management Company', 'Service Charge'

4. Agreement to Sell: Core agreement clause stating the Vendor's agreement to sell and the Purchaser's agreement to buy

5. Property Description: Detailed description of the condominium unit, including unit number, floor level, and boundaries

6. Purchase Price: Statement of purchase price, payment terms, and deposit details

7. Title and Assurance: Vendor's warranties regarding title and agreement to transfer good marketable title

8. Management Company Obligations: Details of service charges, sinking fund contributions, and management company membership

9. Common Areas: Rights and obligations regarding common areas and facilities

10. Completion: Completion date, requirements, and procedures

11. Vendor's Covenants: Vendor's warranties and obligations regarding the property

12. Purchaser's Covenants: Purchaser's obligations including compliance with development rules

13. Execution and Delivery: Formal execution clause for deed signing and delivery

Optional Sections

1. Parking Space: Details of designated parking space rights when included in sale

2. Storage Units: Description and rights relating to storage units if included

3. Renovation Restrictions: Specific restrictions on unit modifications or renovations if applicable

4. Letting Restrictions: Any restrictions on letting or subletting the unit

5. Pre-existing Tenancies: Details of any existing tenancies if property is sold subject to tenancy

6. Special Conditions: Any unique conditions specific to the particular sale

7. Development Ongoing Works: Provisions relating to ongoing development works if complex is not fully completed

Suggested Schedules

1. Schedule 1 - Property Description: Detailed legal description of the property including folio number and unit boundaries

2. Schedule 2 - Title Documents: List of title documents and encumbrances affecting the property

3. Schedule 3 - Management Company Rules: Copy of management company rules and regulations

4. Schedule 4 - Service Charge Schedule: Breakdown of service charges and sinking fund contributions

5. Schedule 5 - Plans and Maps: Property plans, floor plans, and location maps

6. Schedule 6 - Certificates: Required certificates including BER Certificate, Fire Safety Certificate, and Planning Documentation

7. Schedule 7 - Fixtures and Fittings: Inventory of fixtures and fittings included in the sale

8. Appendix A - Management Company Documentation: Copies of management company incorporation documents and current status

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Legal Services

Property Management

Construction

Banking & Finance

Insurance

Property Development

Residential Housing

Relevant Teams

Legal

Real Estate

Property Management

Conveyancing

Compliance

Property Services

Housing

Corporate Services

Document Management

Contract Administration

Relevant Roles

Property Lawyer

Real Estate Agent

Property Manager

Conveyancing Solicitor

Legal Counsel

Property Developer

Real Estate Transaction Manager

Title Officer

Property Services Director

Compliance Officer

Real Estate Portfolio Manager

Housing Manager

Industries








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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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