The Letter of Reservation is a crucial preliminary document in Irish property transactions, particularly common in new developments and off-plan purchases. It serves as a formal indication of intent to purchase and provides security for both parties during the pre-contract phase. Typically used when a potential buyer wishes to secure a property while arranging financing, conducting due diligence, or waiting for final contract preparation. The document includes essential details such as property specifications, reservation fee amount, duration of the reservation period, and basic terms of the proposed purchase. While not as legally binding as a full contract, the Letter of Reservation helps prevent gazumping and provides structure to the initial stages of property transactions. It's particularly relevant in the Irish property market where formal contracts can take several weeks to prepare and execute.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Date: Current date of the letter
2. Addressee Details: Full name and address of the recipient (typically the seller/developer)
3. Property Details: Specific details of the property being reserved, including full address and any relevant lot numbers or unit identifiers
4. Reservation Terms: Clear statement of intention to reserve the property and the reservation period
5. Reservation Fee: Amount of the reservation fee, payment terms, and conditions for refund or forfeiture
6. Purchase Price: Agreed purchase price for the property
7. Time Period: Duration of the reservation period and key dates
8. Signature Block: Space for signatures of all parties involved
1. Special Conditions: Any specific conditions or requirements particular to this reservation, used when there are unique circumstances or requirements
2. Developer's Undertaking: Specific commitments from the developer, included when reserving property in new developments
3. Mortgage Details: Basic information about proposed financing, included when the buyer wishes to indicate their financing arrangements
4. Subject to Survey: Conditions relating to property surveys, included when the reservation is contingent on satisfactory survey results
5. VAT Statement: Details about VAT implications, included when the property transaction involves VAT
1. Property Schedule: Detailed description of the property including boundaries, features, and included fixtures (if applicable)
2. Payment Schedule: Breakdown of the payment structure including reservation fee, deposit, and balance (if applicable)
3. Development Plans: Relevant plans or drawings of the property or development, particularly important for off-plan purchases
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Construction
Residential Property
Commercial Property
Property Investment
Property Management
Relevant Teams
Legal
Sales
Property Development
Real Estate Operations
Business Development
Commercial Operations
Property Management
Contract Administration
Relevant Roles
Property Developer
Real Estate Agent
Sales Director
Property Manager
Development Manager
Sales Manager
Legal Counsel
Conveyancing Solicitor
Property Sales Consultant
Business Development Manager
Commercial Director
Property Operations Manager
Find the exact document you need
Fuel Attendant Application Letter
A formal job application letter for fuel attendant positions in Ireland, complying with Irish employment law and safety regulations.
find out more
Leave Extension Letter For Father Medical Treatment
A formal letter under Irish employment law requesting an extension of leave to care for a father requiring medical treatment.
find out more
Financial Support Letter For Student Visa
A formal declaration required by Irish immigration authorities confirming a sponsor's commitment to financially support an international student during their studies in Ireland.
find out more
Leave Letter For Eye Check Up
An Irish-compliant formal letter requesting leave for an eye examination, including appointment details and relevant workplace context.
find out more
Letter To Bank Manager For ATM Card
A formal request letter to a bank manager in Ireland for ATM card issuance, compliant with Irish banking regulations and consumer protection laws.
find out more
Letter For Financial Assistance
An Irish law-governed formal letter documenting terms and conditions of financial assistance between parties, including amount, purpose, and repayment terms.
find out more
Cover Letter For Scholarship Application
A formal cover letter for scholarship applications in Ireland, introducing the candidate and their qualifications while following Irish educational standards and requirements.
find out more
Application For Salary Certificate
An Irish legal document used to request official certification of an individual's employment income and salary details, compliant with Irish employment law.
find out more
Joining Letter After Medical Leave
An Irish law-compliant letter confirming an employee's return-to-work arrangements following medical leave, including terms and conditions of return.
find out more
Emergency Leave Letter For Medical Treatment
A formal document used in Irish workplaces to request immediate leave for urgent medical treatment, complying with Irish employment law and sick leave regulations.
find out more
Authorization Letter For Claiming Salary
An Irish-compliant authorization letter that legally enables a designated person to collect salary on behalf of an employee.
find out more
Application Letter For Seaman
A formal maritime job application document compliant with Irish maritime regulations, used by seafarers seeking vessel-based employment.
find out more
Application Letter For Cashier
A formal application letter for cashier positions in Ireland, following Irish business correspondence standards and employment practices.
find out more
Cash Advance Letter
An Irish law-governed letter documenting the terms and conditions of a cash advance between a lender and borrower, including repayment terms and regulatory requirements.
find out more
Bank Account Opening Request Letter For Company
A formal letter requesting the opening of a corporate bank account in Ireland, including company details and compliance with Irish banking regulations.
find out more
Leave Application Letter
A formal written request for leave from work under Irish employment law, submitted by an employee to their employer with specific dates and leave type details.
find out more
Medical Leave Of Absence Letter
An Irish-law compliant formal document for requesting and documenting employee medical leave, addressing statutory sick pay requirements and privacy protection.
find out more
Job Transfer Request Letter
A formal letter used in Irish workplaces to request and document an internal job transfer within an organization, compliant with Irish employment law.
find out more
Vacation Leave Letter For Personal Reason
A formal letter used in Irish workplaces to request personal vacation leave, including leave details, dates, and handover arrangements.
find out more
Solicitation Letter For Financial Support
A formal fundraising request letter compliant with Irish charity and data protection laws, used to solicit financial support from potential donors.
find out more
Salary Certificate Request
An Irish-compliant formal document requesting official verification of employment status and salary details from an employer.
find out more
Maternity Leave Application Letter
A formal letter requesting maternity leave from an employer under Irish employment law, including key dates and leave arrangements.
find out more
Mail For Maternity Leave
A formal notification letter for maternity leave under Irish employment law, outlining leave dates and arrangements.
find out more
Letter For Financial Support
An Irish law-governed formal document establishing a legally binding commitment to provide financial support, typically used for education, immigration, or business purposes.
find out more
Leave Approval Mail To Manager
An Irish-law compliant email template for requesting and obtaining manager approval for employee leave, including essential leave details and handover information.
find out more
Joining Letter After Maternity Leave
An Irish law-compliant formal letter confirming arrangements for an employee's return to work following maternity leave.
find out more
Authorization Letter To Receive Money
An Irish law-compliant document authorizing a designated person or entity to receive money on behalf of the authorizer.
find out more
Authorization Letter To Collect Cheque
An Irish-compliant authorization letter that legally permits a designated individual to collect a cheque on behalf of the account holder or payee.
find out more
Authorization Letter To Claim Cheque
An Irish-compliant formal document authorizing a designated individual to collect or cash a cheque on behalf of the rightful owner.
find out more
Authorization Letter To Claim ATM Card
An Irish-compliant formal letter authorizing a designated person to collect an ATM card from a bank branch on behalf of the card owner.
find out more
Volunteer Application Letter
An Irish-compliant formal application document for potential volunteers, capturing essential information and ensuring regulatory compliance while initiating the volunteer recruitment process.
find out more
Reference Letter For Visa Application
A formal supporting document for Irish visa applications that provides official testimony about the applicant's character and purpose of visit, compliant with Irish immigration requirements.
find out more
Medical Application Letter
A formal medical application document used in the Irish healthcare system for professional registration, employment, or training purposes, compliant with Irish medical regulations.
find out more
Maternity Leave Notice To Employer
A formal notice document used in Ireland to inform employers of an employee's intention to take maternity leave, including key dates and duration of leave.
find out more
Letter Of Request For Financial Assistance
A formal document used in Ireland to request financial support from institutions or organizations, complying with Irish financial regulations and banking standards.
find out more
Experience Certificate Request Letter
A formal letter used in Ireland to request an official certificate documenting employment history and experience from a current or former employer.
find out more
Daycare Termination Letter
An Irish-law compliant formal letter for terminating childcare services between parents/guardians and daycare providers, including termination details and final arrangements.
find out more
Cover Letter For Management Trainee
A formal introduction letter for management trainee positions in Ireland, presenting candidate qualifications and motivation while adhering to Irish employment regulations.
find out more
Bank Loan Application Letter
A formal loan request document submitted to Irish financial institutions, complying with local banking regulations and containing essential applicant information and loan requirements.
find out more
Application Letter For Bank Statement
A formal request letter to an Irish bank for obtaining official bank statements, including account details and verification information in compliance with Irish banking regulations.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)