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Commercial Property Lease Agreement Template for Ireland

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Key Requirements PROMPT example:

Commercial Property Lease Agreement

"I need a Commercial Property Lease Agreement for a retail space in Dublin city center, with a 10-year term starting March 1, 2025, including specific provisions for shop front signage rights and a tenant fit-out period."

Document background
The Commercial Property Lease Agreement is a fundamental legal instrument used in Irish commercial real estate transactions to establish and regulate the landlord-tenant relationship for business premises. This document is essential when any business entity seeks to lease commercial space in Ireland, whether for retail, office, industrial, or other commercial purposes. It must comply with Irish property law, including the Landlord and Tenant Acts and the Land and Conveyancing Law Reform Act 2009. The agreement covers all critical aspects of the commercial tenancy, including financial terms, maintenance obligations, permitted use, insurance requirements, and statutory compliance. It provides legal protection for both parties and serves as the governing document throughout the lease term, typically ranging from 5 to 25 years.
Suggested Sections

1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and company registration numbers if applicable

2. Background: Context of the lease agreement, including brief property description and intent of the parties

3. Definitions: Detailed definitions of terms used throughout the lease agreement

4. Demise: The formal grant of the lease, including the term, commencement date, and basic rent details

5. Rent and Other Payments: Detailed provisions for rent payment, including payment dates, methods, and VAT requirements

6. Rent Review: Provisions for periodic rent reviews, including methodology and timing

7. Service Charge: Details of service charge calculations, payments, and included services

8. Insurance: Insurance obligations of both parties, including building insurance and public liability requirements

9. Repair and Maintenance: Obligations regarding property maintenance, repairs, and decoration

10. Use and Alterations: Permitted use of the premises and provisions regarding alterations and improvements

11. Compliance with Laws: Obligations to comply with relevant legislation and regulations

12. Assignment and Subletting: Provisions regarding transfer of the lease or subletting the premises

13. Landlord's Covenants: The landlord's obligations under the lease

14. Tenant's Covenants: The tenant's obligations under the lease

15. Forfeiture and Re-Entry: Circumstances under which the landlord can terminate the lease and retake possession

16. Notices: Requirements for serving formal notices under the lease

17. Governing Law: Confirmation that the lease is governed by Irish law

18. Execution: Formal execution blocks for signing by all parties

Optional Sections

1. Break Clause: Optional provision allowing either party to terminate the lease early under specified conditions

2. Guarantor Provisions: Required when a guarantor is providing additional security for the tenant's obligations

3. Fit-Out Provisions: Detailed when significant tenant fit-out works are planned

4. Green Lease Clauses: Environmental and sustainability provisions, increasingly common in modern commercial leases

5. Covid-19 Provisions: Specific provisions dealing with pandemic-related issues and force majeure

6. Service Level Agreement: Detailed when specific service levels need to be maintained by either party

7. Options to Renew: When the parties agree to include provisions for lease renewal

8. Rent-Free Period: Terms of any initial rent-free period or tenant incentives

9. Exclusion of Security of Tenure: Where parties agree to contract out of statutory renewal rights

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the leased premises, including plans and measurements

2. Schedule 2 - Rights Granted: Specific rights granted to the tenant (e.g., parking, access, utilities)

3. Schedule 3 - Rights Reserved: Rights retained by the landlord

4. Schedule 4 - Service Charge Schedule: Detailed breakdown of service charge items and calculation methodology

5. Schedule 5 - Condition Schedule: Description of the condition of the premises at lease commencement

6. Schedule 6 - Rent Review Provisions: Detailed methodology and procedures for rent reviews

7. Schedule 7 - Permitted Alterations: Specific alterations permitted without landlord's consent

8. Appendix A - Plans: Floor plans, site plans, and location maps

9. Appendix B - Inventory: Inventory of any landlord's fixtures and fittings

10. Appendix C - Regulations: Building regulations and rules for multi-let properties

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





















































Clauses











































Relevant Industries

Retail

Office Space

Industrial

Hospitality

Healthcare

Technology

Financial Services

Professional Services

Manufacturing

Logistics

Entertainment

Education

Restaurant and Food Service

Warehousing

Research and Development

Relevant Teams

Legal

Real Estate

Facilities Management

Finance

Operations

Risk and Compliance

Corporate Services

Property Management

Asset Management

Business Development

Relevant Roles

Property Manager

Real Estate Director

Facilities Manager

Legal Counsel

Commercial Director

Chief Financial Officer

Operations Manager

Asset Manager

Lease Administrator

Property Surveyor

Real Estate Agent

Business Development Manager

Risk Manager

Compliance Officer

Corporate Services Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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