A presentation brought to youby LawyersIreland.eu

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Real Estate Due Diligence in Ireland

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Real Estate Due Diligence Procedure in Ireland

• Real estate due diligence is recommended to persons interested in buying properties in Ireland.

• This practice represents a detailed analysis of a property a client wishes to buy.

• The analysis is performed by experienced Irish lawyers and is meant to determine the legal status and the quality of the property.

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Commercial Real Estate due Diligence in Ireland

• Ireland has become a very good market for foreign investors.

• Commercial real estate due diligence  is also a popular practice.

• Although the procedure is not compulsory, it is recommended to receive legal assistance from an Irish lawyer, to determine if the property is sold in good faith.

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Real Estate Sector in Ireland• The real estate sector in Ireland is

on the rise.

• Retail investments opportunities will reach the value of 400 million EUR, which is also applicable in the case of commercial properties.

• Our team of Irish lawyers can assist investors with legal advice on the due diligence procedures that should be performed when purchasing a property.

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How to Perform Due Diligence in Ireland >>

• The procedure of real estate due diligence in Ireland refers to an in-depth verification of the property’s documents.

• It also involves various legal aspects regarding the seller, such as:

bankruptcy issues;

verifying the property’s documents;

verifying if the seller is involved in a trial in an Irish court.

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>> How to Perform Due Diligence in Ireland

• It is also necessary to perform an audit on the structure of the property - this aspect falls under the responsibility of an architect.

• If necessary, due diligence can also refer to an environmental report, undertaken by an environmental consultant.

• Our Irish law firm can verify if the property represents a good investment.

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Commercial Real Estate Due Diligence Procedures • Commercial due diligence in

Ireland should be very important for any investor who wants to purchase or rent a property in order to open a company in Ireland.

• The company due diligence is comprised of many actions, which must give a clear image on what the investor will purchase.

• The procedures are always carried out before signing the purchasing contract.

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Aspects to Verify when Purchasing a Property

• When acquiring a company in Ireland, the investors should verify the following: information on the tenants

(if applicable);

insurance aspects;

the current tax situation;

contracts and bills.

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Important Inspections on the Property in Ireland

• When purchasing an Irish property, it is highly recommended to perform several inspections.

• They refer to the following:

plumbing system;

electrical system;

heating;

the property’s structure.

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Legal Services in Ireland

• Our law firm in Ireland can perform due diligence procedures in case you want to buy a property or a company in the country. Our team also offers legal assistance on related aspects.

• For example, the investors who consider relocating in Ireland, may need a residence permit.

• Furthermore, our attorneys can offer assistance when signing a contract in Ireland, regardless if the transaction is related to a natural person or to a legal entity.

Thank you for your attention!

• For more information please contact us at:

(+44)203-287 0408 (for international clients)

office@lawyersireland.eu

www.lawyersireland.eu 11