Document background
The Transfer of Sale Agreement is a fundamental legal document used in Irish property transactions to formalize and execute the transfer of property ownership. This document is essential when any real estate property is being sold and purchased in Ireland, whether for residential or commercial purposes. It contains comprehensive details about the property being transferred, including its legal description, purchase price, payment terms, and completion arrangements. The agreement ensures compliance with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009, and includes necessary warranties, representations, and statutory declarations. It serves as the primary contract governing the relationship between the vendor and purchaser, establishing their respective rights, obligations, and responsibilities throughout the transfer process.
