The Lease To Sell Agreement is a sophisticated legal instrument used in Ireland when parties wish to combine a property lease with a future sale arrangement. This document is particularly useful when a prospective buyer needs time to arrange financing or wants to occupy the property before completing the purchase. It provides security for both parties: the seller maintains ownership while receiving rental income, and the buyer secures the future purchase price while having immediate occupancy. The agreement must comply with Irish property law, including the Land and Conveyancing Law Reform Act 2009 and relevant residential or commercial property regulations. It typically includes detailed provisions about rental payments, maintenance responsibilities, purchase price calculation (including any rent credits), and the specific conditions and timeframe for executing the sale.
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1. Parties: Identification of the Lessor/Seller and Lessee/Buyer with full legal names and addresses
2. Background: Context of the agreement, including property overview and intention to enter into lease-to-purchase arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Lease Terms: Duration of lease period, rental payments, and maintenance responsibilities
5. Purchase Option: Terms and conditions for exercising the purchase option, including purchase price and deadline
6. Rent Credit: Details of how rental payments will be credited towards the purchase price
7. Property Condition: Current condition of property and responsibilities for maintenance during lease period
8. Insurance and Risk: Insurance requirements and allocation of risk during lease period
9. Exercise of Purchase Option: Process and requirements for exercising the purchase option
10. Default and Remedies: Consequences of default under either lease or purchase provisions
11. Assignment and Subletting: Restrictions on transfer of rights under the agreement
12. Notices: How and where formal notices under the agreement must be sent
13. Governing Law: Confirmation of Irish law as governing law and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Property Management: Required when property is part of a managed development or apartment complex
2. Mortgage Contingency: Include when purchase option is contingent on buyer obtaining mortgage approval
3. Environmental Provisions: Required for properties with known environmental issues or specific requirements
4. Planning Permissions: Include when property requires specific planning permissions or has pending applications
5. Break Clause: Optional early termination provisions for either party
6. Management Company Provisions: Required for properties subject to management company regulations
7. Third Party Consents: Include when agreement requires consent from third parties like existing mortgagees
1. Schedule 1 - Property Description: Detailed legal description of the property including boundaries and any exclusions
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rental payments and due dates
3. Schedule 3 - Purchase Price Calculation: Formula for calculating final purchase price including rent credits
4. Schedule 4 - Property Inventory: Inventory of any furnishings or fixtures included in the lease/sale
5. Schedule 5 - Maintenance Responsibilities: Detailed breakdown of maintenance and repair responsibilities
6. Appendix A - Property Plans: Maps, floor plans, and relevant property drawings
7. Appendix B - Certificates and Permits: Copies of relevant certificates, permits and property-related documents
8. Appendix C - Property Report: Current condition report and any surveyor's findings
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Residential Property
Commercial Property
Legal Services
Property Management
Banking and Finance
Construction
Relevant Teams
Legal
Real Estate
Property Management
Operations
Sales
Compliance
Finance
Asset Management
Risk Management
Contract Administration
Relevant Roles
Property Lawyer
Real Estate Agent
Property Manager
Legal Counsel
Conveyancing Solicitor
Property Developer
Asset Manager
Property Investment Manager
Lease Administrator
Contract Manager
Real Estate Portfolio Manager
Property Operations Director
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