Business lease short version for Ireland

When to use:

It is usually the landlord who provides the lease; however, even if you are the tenant, by supplying the lease, you immediately start with an advantage.  This lease agreement has been drafted primarily to protect the interest of the landlord.  It is for a tenant to challenge and further negotiate those paragraphs which may not suit his circumstances. 

These leases are suitable for:

• a business letting of offices, workshop, factory, shop and others
• premises which are part of a larger set of buildings,
  e.g.
        a shop
        a workshop  

Which to use?

• Lease IE-PR004 is designed for: any business letting for a short term where the strength of protection required by the landlord is not a principal consideration and a short and simple lease is all that is required.  This lease contains no break clause, no guarantor and no rent review.  Some other provisions have been reduced in effect.  If you are dealing at arms length with an unknown person, we recommend that you use document IE-PR001 rather than this one.
• Lease IE-PR005 is for: premises which include a residential element, designed for the business tenant to occupy as his home.  The most common application is “the flat over the shop” but there are many others. 

Neither lease is suitable for:

• a residential letting alone;
• premises that are part of a large, multi-let building;

Note: neither lease contains provision for service charges.  Such a provision cannot be drawn in advance of knowing the details of the proposal.  Contact us for a draft to suit your requirements.

Lease IE-PR001 and IE-PR005 include the following provisions:

• Guarantor:   essential if tenant is a limited company;
• Rent: paid monthly in advance, but can be changed to suit you;
• Payment provisions: all payments the tenant might have to make;
• Use allowed: including list of prohibited activities;
• Break clause: that is, premature termination on tenant’s notice;
• Landlord’s access: to view or show prospective lenders or buyers;
• Rent review: reviewed 3 yearly, upwards only;
• Repairs: tenant must maintain in same condition (not better);
• Decoration:  tenant to decorate in third year and at end of lease period;
• Insurance: landlord insures, tenant reimburses premium as insurance rent;
• Transfer of lease: tenant can transfer all premises with consent; no transfer of part only;
• Sub letting   forbidden;
• Termination: what happens;
• and many other usual provisions to protect your interest. 

Land law is a particularly complicated area of law.  We will gladly help whether you are a landlord or tenant.  Just send us a message.  Here are our terms.