Completion Time Frame: 1-2 (for delivery)
Completion Costs: € 2.50 (inspection) + € 25 (certification & delivery)
Points to Note:
If done via ILR’s Electronic Access System (EAS) this is instantly available online. An official certified copy of the register and registry map are available via the ILR EAS.

Step 2: Conveyancing and standard requisitions on title ordered by the Incorporated Law Society of Ireland

Completion Time Frame: 20 days
Completion Costs: between 0.25% and 0.75% of property value plus VAT (21%) (solicitor’s fee)
Points to Note:
The Incorporated Law Society of Ireland has a comprehensive set of conveyancing documents being standard requisitions on title investigating various matters including the following: services, easements and rights, obligations, outgoings, bankruptcy, taxation, building control and environmental regulations, fire services and health and safety, etc.
In the case of a commercial property transaction a solicitor might consider it prudent to have the physical boundaries of the property in sale surveyed by an architect to ensure that it correlates with the boundaries of the property as shown on the Land Registry Map. To get an architect to certify the identity of the property will take 5 additional days and cost about € 500.

Step 3: Execution and signing of the draft

Completion Time Frame: 1 day
Completion Costs: Included in the solicitors fee at Step 2
Points to Note:
This Step involves the draft, execution (signing) and hand-over to the notary of the necessary title and other documents including original and counterpart lease, declarations and proofs of identity and payment of outgoings, etc.

Step 4: Submission of documents to Revenue Commissioners

Completion Time Frame: 1 day
Completion Costs: 9% of the value of the property
Points to Note:
This Step involves submission of documents to Revenue Commissioners for payment of stamp duty & impression of “Particular Delivered” stamp.
Once completion has taken place the purchaser’s solicitor must stamp the deed to the purchaser with stamp duty (3-9% of value of property). Stamp duty for non-residential property since December 2002 is:

Property Value Rate of Duty
Up to € 10,000 Exempt
€ 10,001 to 20,000 1%
€ 20,001 to 30,000 2%
€ 30,001 to 40,000 3%
€ 40,001 to 70,000 4%
€ 70,001 to 80,000 5%

If there is a mortgage involved this must also be stamped with €1 per every €1,000 borrowed up to a maximum of €630.
It is a matter for the solicitor when the deed is stamped. However, the title deed must be stamped within 28 days of the date of execution of the deed or penalties will be incurred.

Step 5: Lodgment of application for registration at the Land Registry

Completion Time Frame: 1 day (On line, by hand or by post) + 7-21 days of wait after lodgment
Completion Costs: €25 (for a folio and map) + registration fee according to the following schedule:

Property value (in €) Registration Fee
Under 13,000 125
From 13,001 to 26,000 190
From 26,001 to 51,000 250
From 51,001 to 255,000 375
From 255,001 to 385,000 500
Above 385,000 625
Points to Note:
A facility to make an application for registration electronically (via EAS) is available. While this was introduced prior to 2004 significant growth in the use of this facility took place. Ongoing computerization is contributing to increased efficiency.

Once the deed is compared and said to be in order it will go for registration in the Registry of Deeds. Once the title deed to the purchaser has been stamped it can be registered in either the Registry of Deeds or the Land Registry depending on the type of title. Application for registration is accompanied by the appropriate deeds and other completed forms and declarations and fee. If it is to be registered in the Registry of Deeds, the deed and the memorial (summary) of it, must be lodged for comparison. This is usually done by a law agent for the purchaser’s solicitor (56 days approx and € 44).
If the property is being registered in the Land Registry a document called Form 17 must be filled in and the title document furnished to the Land Registry with fees (7-21 days and € 650).
All land in Ireland is either Land Registry or Registry of Deeds land. Once the title to a property has been registered with the Land Registry, the Registry of Deeds has no further role for that property and all future transactions/registrations have to be with the Land Registry. Approximately 85% of titles are now registered and the Registry of Deeds only deals with those properties where the title has not yet been registered at the Land Registry.

After registration, it is common to do an inspection of the new register via the EAS and issue a new certified copy folio and filed plan via the EAS showing the updated ownership. The inspection can be done on-line and will cost €2.50 + €25 for the certified copy (delivered in 1-2 days).