The Simple Real Estate Sales Contract is a fundamental legal document used in Irish property transactions to formalize the sale and purchase of real estate. This contract type is essential for both residential and commercial property transfers in Ireland, providing a legally binding framework that protects the interests of both vendors and purchasers. It must comply with Irish property law, including the Land and Conveyancing Law Reform Act 2009, and contains all necessary provisions for a valid property transfer, including property description, purchase price, completion terms, and title requirements. The document is typically prepared by solicitors and forms the backbone of the conveyancing process, ensuring all essential aspects of the property transaction are properly documented and legally enforceable.
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1. Parties: Identifies and provides full details of the Vendor and Purchaser
2. Background: Establishes the context of the sale and confirms the Vendor's ownership of the Property
3. Definitions: Defines key terms used throughout the agreement including Property, Completion Date, Purchase Price
4. Agreement to Sell: Core agreement where Vendor agrees to sell and Purchaser agrees to buy the Property
5. Purchase Price: Specifies the agreed purchase price and payment terms including deposit arrangements
6. Property Description: Detailed description of the property being sold including its address and folio number
7. Title: Vendor's confirmation of good marketable title and agreement to provide necessary title documents
8. Completion: Details of the completion process, timing, and requirements
9. Vacant Possession: Confirmation that the property will be provided with vacant possession on completion
10. Risk and Insurance: Provisions regarding property risk and insurance requirements until completion
11. Representations and Warranties: Standard warranties about the property's condition and legal status
12. Governing Law: Confirms the agreement is governed by Irish law
13. Execution: Signature blocks for all parties and witnesses
1. Tenant Rights: Required if the property is currently tenanted, addressing existing tenancy agreements
2. Planning Permissions: Required if the property has ongoing or recent planning permissions or developments
3. Management Company: Required for apartments or managed developments, detailing management company arrangements
4. Fixtures and Fittings: Optional section listing specific items included/excluded from the sale
5. Environmental Matters: Required if there are specific environmental considerations or protections
6. VAT: Required if the transaction is subject to VAT
7. Mortgage Details: Required if the property is being sold subject to an existing mortgage
8. Foreign Investment: Required if the purchaser is a non-Irish resident requiring specific provisions
1. Schedule 1 - Property Details: Detailed property description including boundaries and any maps or plans
2. Schedule 2 - Fixtures and Fittings: Comprehensive list of items included and excluded from the sale
3. Schedule 3 - Title Documents: List of all title documents to be provided
4. Schedule 4 - Special Conditions: Any special conditions or requirements specific to this sale
5. Appendix A - Property Maps: Maps, plans, and boundary details of the property
6. Appendix B - Planning Documentation: Copies of relevant planning permissions and certificates
7. Appendix C - BER Certificate: Building Energy Rating certificate and advisory report
8. Appendix D - Property Service Charges: Details of any management fees or service charges applicable
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