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Contract To Buy And Sell (Real Estate)
"I need a Contract to Buy and Sell (Real Estate) for the purchase of a commercial office building in Dublin City Centre, with completion planned for March 2025, including specific provisions for existing tenants and service contracts that will transfer with the property."
1. Parties: Identifies and provides full details of the vendor(s) and purchaser(s), including names, addresses, and any relevant company details
2. Background: Sets out the context of the transaction, including brief property description and parties' intentions
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Property Description: Detailed description of the property, including its folio number, boundaries, and registered title
5. Purchase Price: Specifies the agreed purchase price, payment terms, and deposit requirements
6. Completion: Details the completion date, process, and requirements for closing the transaction
7. Title and Registration: Addresses the vendor's obligation to show good marketable title and the registration process
8. Vendor's Warranties: Lists the vendor's warranties regarding the property's condition, title, and disclosed information
9. Purchaser's Warranties: Contains purchaser's confirmations regarding capacity to purchase and funding arrangements
10. Planning and Development: Addresses planning permissions, compliance, and development status
11. Condition of Property: Details the state in which the property will be transferred and any included/excluded items
12. Risk and Insurance: Specifies when risk passes to the purchaser and insurance requirements
13. Default: Outlines consequences of default by either party and available remedies
14. Notices: Specifies how formal notices between parties should be given
15. Governing Law: Confirms Irish law as governing law and jurisdiction
1. Tenant Rights: Required when the property is sold subject to existing tenancies
2. VAT: Required when the transaction is subject to VAT
3. Management Company: Required for apartments or managed developments
4. Agricultural Provisions: Required for agricultural land sales
5. Planning Permission Conditions: Required when the sale is conditional on obtaining specific planning permissions
6. Mortgage Details: Required when the property is being sold subject to an existing mortgage
7. Special Conditions: For any unique requirements specific to the transaction
8. Environmental Matters: Required when environmental issues need specific attention
9. Development Rights: Required when selling with specific development potential or restrictions
1. Schedule 1: Property Details: Comprehensive property description, including maps and plans
2. Schedule 2: Fixtures and Fittings: Detailed list of items included and excluded from the sale
3. Schedule 3: Planning Documentation: List of relevant planning permissions, certificates, and notices
4. Schedule 4: Title Documents: List of title documents and relevant searches
5. Schedule 5: Property Certificates: BER certificates, tax clearance, and other relevant certificates
6. Appendix A: Property Maps: Official maps showing property boundaries and location
7. Appendix B: Planning Permissions: Copies of relevant planning permissions and applications
8. Appendix C: Service Contracts: Details of ongoing service contracts affecting the property
9. Appendix D: Building Certificates: Compliance certificates and building regulation approvals
Authors
Real Estate
Property Development
Legal Services
Financial Services
Construction
Agriculture
Retail
Hospitality
Commercial Property
Residential Property
Banking
Public Sector
Legal
Real Estate
Property Management
Compliance
Risk Management
Corporate Affairs
Investment
Operations
Commercial Development
Acquisitions
Asset Management
Real Estate Lawyer
Property Solicitor
Conveyancing Manager
Real Estate Agent
Property Manager
Legal Counsel
Compliance Officer
Property Developer
Real Estate Investment Manager
Commercial Property Director
Land Acquisition Manager
Real Estate Transaction Manager
Property Portfolio Manager
Title Officer
Real Estate Paralegal
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