Conveyancing Terms in Ireland
Blanchardstown, Castleknock, Dublin City Centre
Conveyancing Terms Ireland
A Glossary of Conveyancing Terms in Ireland
At Carmody Moran Solicitors, we understand that going through the legal aspects of buying or selling a property can feel overwhelming, especially in Dublin. Our professional conveyancing solicitors are ready to help you through every stage of the process. This glossary provides clear explanations of common conveyancing terms used in Ireland, making it easier for you to engage more actively and confidently in your property transaction.
Common Conveyancing Terms
Abstract of Title
A historical record summarising past ownership changes and ‘encumbrances’ on a property.
Assignment
The transfer of rights or obligations under a contract or lease to another party.
Beneficiary
The person who benefits from a trust or will, such as a child.
Building Survey
A detailed inspection of a property’s condition, identifying potential problems and repair costs.
Completion
The final stage of the buying process where ownership of the property is ‘transferred’ to the buyer and the purchase price is paid.
Consideration
The monetary value exchanged for a property, typically consisting of the purchase price for example €575,000.00.
PROPERTY LAW / CONVEYANCING
Please look to our conveyancing practice areas to find the solution for your particular need.
Buying a New Property >
Buying a Secondhand Property >
Selling & Buying at Same Time >
Contract for Sale
A legally binding agreement outlining the terms and conditions of the property sale between the buyer and seller.
Covenant
A legally binding promise made by a seller or buyer in a contract.
Easement
A right granted to someone to use another person’s property for a specific purpose, such as a right of way.
Encumbrance
A legal claim or burden on a property, such as a mortgage or right of way.
Equity
The beneficial interest a homeowner has in a property after accounting for any outstanding mortgage.
Exchange of Contracts
The formal exchange of signed contracts between the buyer and seller, making the agreement legally binding.
Fixtures
Items permanently attached to a property and considered part of it, such as kitchen cabinets or bathroom sanitary fixtures.
Freehold
Ownership of a property for an indefinite period.
Land Registry
The official Irish government register which records the ownership details of all land and property in Ireland.
Leasehold
Ownership of a property for a fixed term granted by the freeholder.
Local Authority Search
A search conducted to identify any planning permissions, building regulations, or outstanding debts related to the property.
Mortgage
A loan secured against a property, where the property becomes security for the repayment of the loan.
Probate
The legal process of administering the estate of a deceased person, including the sale of any property.
Probate Sale
The sale of a property owned by a deceased person, requiring the executor to obtain probate before proceeding.
Restrictive Covenant
A limitation placed on how a property can be used, often found in developments with shared spaces.
Stamp Duty
A tax levied by the Irish government on the purchase price of a property.
Title Deeds
Legal documents that establish ownership of a property.
Transfer Deed
The legal document transferring ownership of a property from the seller to the buyer.
Vacant Possession
When the seller delivers the property to the buyer with no remaining occupants.
We encourage you to discuss any unfamiliar terms with your solicitor throughout the conveyancing process. Our team is committed to clear communication and ensuring you feel confident and well informed every step of the way. There is a lot in it, as you can see.
Call our Blanchardstown office on 00-353-1-8272888 to make an appointment to meet and discuss matters further with conveyancing solicitors Dublin or use the quick enquiry form.
Frequently Asked Questions on Conveyancing Terms in Dublin & Ireland
What's the distinction between freehold and leasehold
Freehold means you own the property outright, while leasehold means you own the right to occupy the property for a specific period.
What is the role of an executor in a probate sale?
An executor is responsible for administering the estate of a deceased person, including selling the property. They must obtain probate before proceeding with the sale.
What is the purpose of a building survey?
A building survey assesses a property’s condition, identifying potential structural or maintenance issues. It helps buyers make informed decisions.
What is the significance of the exchange of contracts in a property sale?
The exchange of contracts is a legally binding agreement between the buyer and seller, committing both parties to the sale.
What is stamp duty, and who pays it?
Stamp duty is a tax levied by the Irish government on the purchase of property. The buyer is typically responsible for paying it.
If you have any further questions about conveyancing terms or the property buying or selling process, please don’t hesitate to contact our team of solicitors. That is exactly what we are here for every day in both our Castleknock and Mount Street offices.
Conveyancing Terms Ireland
WHY CHOOSE CARMODY MORAN SOLICITORS FOR CONVEYANCING?
- Fixed price conveyancing fees with no hidden surprises.
- Time is of the essence! You will be assured of no unnecessary delays in getting your property transaction completed professionally.
- We will update you through out the transaction with practical and plain English advice.
- We understand that you need to have 100% confidence in the legal advice that you receive and to know that your case is being treated with priority and excellence.
- We are a member of the Incorporated Law Society of Ireland
See what our clients say:
“Thank you so much to Niamh and the team for all your help along the way. As a first timer on this process was great knowing I could pick up the phone and have all my queries answered without any hassle.“S.F., DUN LAOGHAIRE, COUNTY DUBLIN– FIRST TIME BUYER
“Having just finished up on a long road to obtaining my divorce and starting this new adventure, just a short note to say thank you Niamh, Camilla, and Orla for all the help along the way. Delighted now to be settled into my new home. It was great knowing the joint sale which had taken so long to agree was in such safe hands.“J.S., CASTLEKNOCK, DUBLIN 15– SECOND TIME AROUND
GETTING THE BEST QUOTE…DOES NOT ALWAYS MEAN THE CHEAPEST!
Remember this is the most important and biggest transaction most people have in their lives and you want your solicitor to do the job thoroughly so although you want a competitive price you do not want one where it is uneconomic for the lawyer to do the work properly.
Your Expert Conveyancing Claims Legal Team in Blanchardstown
At Carmody Moran Solicitors in Blanchardstown our experienced property solicitors are on hand to advise and skilled in handling all nature of conveyancing.
The two partners of Carmody Moran Solicitors in Blanchardstown have a combined total of in excess of twenty five years professional legal experience. Together with their associates they aim to make the Court process as straight forward and navigable as possible while being on hand to alleviate their clients concerns and worries about going through the Court process.
Anthony Carmody
Anthony Carmody is one of the founding Partners of Carmody Moran Solicitors.
He has significant experience in personal injury cases and general litigation having handled literally thousands of cases on behalf of clients based in Ireland and abroad.
Niamh Moran
Partner
Niamh Moran is one of the founding partners of Carmody Moran Solicitors and is a solicitor with wide ranging experience across all areas of general practice.
Niamh manages the family law, conveyancing in Dublin, and probate divisions of the practice. Niamh’s practice of law is extremely varied and she is regularly sought out for her expertise by clients and colleagues alike.
*While we have made every effort to provide accurate information, the law is always changing and it affects each person differently. This information is not a substitute for specific advice about you personally and it is not intended as legal advice. We will not be liable to you if you rely on this information. In contentious business, a solicitor may not calculate fees or other charges as a percentage or proportion of any award or settlement. This statement is made in compliance with Reg.8 of SI 518 of 2002.
You should note that no solicitor/client relationship or duty of care or liability of any nature shall exist or be deemed to exist between Carmody Moran Solicitors and you until you have received a written letter of engagement from us in which we confirm our appointment as your Solicitors.
INDEPENDENT GOOGLE CLIENT REVIEWS
