Business lease: land, either vacant or with plant or buildings

This lease should be used to let land for any business use, for example, plant or equipment storage or a scrap yard. The document allows the tenant use of any buildings or items of plant on the land. Features: short term: 1 to 5 years; guarantor; break provision; rent review options; options for assignment and sub-letting; draft agreement for security deposit.
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About this land lease

This document allows a landlord to let a plot of land that may or may not include buildings or items of plant and machinery. The land could be used for any purpose, from plant or equipment storage, to a scrap yard, to a garden centre, to a car park. The agreement allows for existing buildings or items of plant to be included within the lease.

The document has been drawn to help protect the landlord's interests as greatly as possible.

Similar lease agreements

We offer a tailored version of this lease for letting a car park lease agreement. See: Car park lease agreement.

Key features

Plain English is used throughout except where it is necessary to use legal terms common in this field of law.

The key features of this agreement can be summarised as:

  • term of 5 years or under (often called a short term lease)
  • standard guarantor
  • options for transfer or assignment to another party
  • sub-letting forbidden
  • option to include a break clause for premature termination by the tenant
  • a choice of options for rent reviews

This document has been drawn so as to make it applicable to the vast majority of leasing scenarios without making it difficult to edit.

The law in this landlease

This lease is regulated primarily by:

  • the Landlord and Tenant Acts 1860-2005;
  • in particular the Landlord and Tenant (Amendment) Act 1980; and
  • the Landlord and Tenant (Amendment) Act 1994

In balancing the codes with the law and the interest of the Landlord, we have followed the codes where reasonable, but have preferred the interest of the Landlord where there may be a difference.

Land lease contents

This template is comprehensive, providing alternative choices for important decisions.

The contents include 25 provisions and 2 schedules covering:

  • rent: amount, other payments, interest on overdue rent, periodic review
  • condition and repair
  • tenant's positive obligations
  • restrictions on tenant: prohibited activities on the property
  • signs and advertisements
  • goods and vehicles
  • assignment of the lease
  • indemnities by the tenant
  • security deposit
  • insurance
  • access for landlord
  • guarantor
  • termination: default notice by landlord; provision for premature termination (a break clause)
  • forfeiture
  • Schedule 1: rights reserved
  • Schedule 2: draft agreement for a security deposit agreement
Draftsman

This document was written by a solicitor for Net Lawman. It complies with current Irish law.

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