A Lease Renewal Agreement is essential when parties wish to extend an existing lease arrangement in Ireland. This document type is used when the original lease term is approaching expiration and both parties agree to continue the tenancy relationship. The agreement must conform to Irish property law requirements and typically includes details about the renewal term, any rent adjustments, modifications to original terms, and confirmation of continuing obligations. It's particularly important to ensure compliance with the Landlord and Tenant Acts, which provide specific rights and obligations for both parties in the Irish context. The document should clearly reference the original lease while establishing any new terms or modifications, making it a crucial tool for property management and tenant relations in both commercial and residential contexts.
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1. Parties: Identification of the landlord and tenant, including full legal names and addresses
2. Background: Brief recital of the original lease details, including date, premises, and reason for renewal
3. Definitions: Key terms used in the agreement, including references to defined terms from the original lease
4. Renewal Term: Specification of the new lease period, including start and end dates
5. Rent and Payment Terms: Details of the renewed rent amount, payment schedule, and any rent review provisions
6. Confirmation of Original Lease Terms: Statement confirming which terms from the original lease remain in effect
7. Modifications to Original Lease: Clear listing of any terms that are being changed from the original lease
8. Statutory Compliance: Confirmation of compliance with relevant Irish tenancy laws and regulations
9. Execution: Signature blocks and execution details for all parties
1. Break Clause: Optional provision allowing either party to terminate the lease early under specified conditions
2. Renovation Works: Include when there are agreed works to be carried out during the renewal term
3. Change in Permitted Use: Include when there are changes to how the premises may be used
4. Service Charge Adjustments: Include when there are changes to service charge arrangements
5. Covid-19 Provisions: Include specific provisions related to pandemic circumstances if relevant
6. Guarantor Confirmation: Include when the original lease had a guarantor who needs to confirm continued liability
7. Insurance Updates: Include when there are changes to insurance requirements
1. Schedule 1 - The Premises: Detailed description of the premises, including any plans or maps
2. Schedule 2 - Rent Calculation: Detailed breakdown of rent calculations and any indexation formulas
3. Schedule 3 - Modified Terms: Comprehensive list of all modifications to the original lease terms
4. Schedule 4 - Condition Report: Current condition of the premises at renewal date
5. Appendix A - Original Lease: Copy of the original lease agreement for reference
6. Appendix B - Compliance Certificates: Copies of any required certificates or compliance documents
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Residential Property
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Relevant Teams
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Relevant Roles
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