The Land Sale Contract is a fundamental document in Irish property transactions, used whenever real property is being transferred from one party to another. It serves as the primary agreement governing the sale of land, buildings, or both, and must comply with Irish property law, particularly the Land and Conveyancing Law Reform Act 2009. This contract type is essential for both residential and commercial property transactions, incorporating necessary provisions for title verification, property registration, and completion procedures. It includes specific requirements for Irish property transactions such as compliance with planning laws, stamp duty provisions, and land registry requirements. The document is typically prepared by solicitors and requires careful consideration of local property laws, regulations, and market practices.
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1. Parties: Identification of the Vendor and Purchaser with full legal names and addresses
2. Background: Context of the sale and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the contract
4. Property Description: Detailed description of the property being sold, including its folio number and boundaries
5. Purchase Price: The agreed purchase price and payment terms, including deposit arrangements
6. Title: Vendor's confirmation of good marketable title and any known encumbrances
7. Conditions of Sale: Standard conditions applying to the sale as per Law Society guidelines
8. Completion: Closing date and completion arrangements
9. Vendor's Obligations: Specific obligations of the vendor up to completion
10. Purchaser's Obligations: Specific obligations of the purchaser up to completion
11. Risk and Insurance: Provisions regarding property risk and insurance requirements until completion
12. Warranties and Representations: Standard warranties given by the vendor regarding the property
13. Default: Consequences of default by either party
14. Notices: How formal notices under the contract should be given
15. Governing Law: Confirmation that Irish law governs the agreement
1. Planning Permissions: Details of existing planning permissions and conditions - include when property has recent developments or pending permissions
2. Tenancies: Details of existing tenancies - include when property is subject to leases or tenancy agreements
3. VAT: VAT provisions - include when the transaction is subject to VAT
4. Environmental Matters: Environmental warranties and indemnities - include for commercial properties or when environmental issues are known
5. Service Charges: Details of service charges and management company - include for apartments or managed estates
6. Agricultural Provisions: Special provisions for agricultural land - include when selling farmland
7. Development Obligations: Ongoing development obligations - include when property is part of a developing estate
8. Rights of Way: Details of rights of way or easements - include when relevant to the property
1. Schedule 1 - Property Details: Detailed property description, boundaries, and maps
2. Schedule 2 - Title Documents: List of title documents and certified copies to be handed over on completion
3. Schedule 3 - Fixtures and Fittings: Inventory of items included and excluded from the sale
4. Schedule 4 - Planning Documentation: Copies of relevant planning permissions, certificates, and notices
5. Schedule 5 - Searches and Requisitions: Standard searches and replies to requisitions on title
6. Appendix A - Plans: Property plans, maps, and boundary drawings
7. Appendix B - Photos: Photographs of the property and boundaries where relevant
8. Appendix C - Building Energy Rating Certificate: Current BER certificate and advisory report
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