The Commercial Rent Review Notice is a critical document in Irish commercial property administration that formally initiates the process of reviewing and potentially adjusting the rent for a commercial property. This notice must be issued in accordance with both Irish property law and the specific provisions of the existing lease agreement. The document is typically used at predetermined intervals specified in the lease (usually every 3-5 years) or when triggered by specific lease conditions. The notice must include essential information such as property details, current rent, proposed new rent, and relevant review dates. As a formal legal document, the Commercial Rent Review Notice must be carefully drafted to ensure compliance with Irish legislation, particularly the Landlord and Tenant (Amendment) Act 1980 and related property laws. The document serves as the foundation for subsequent rent negotiations or independent rent determination processes and may trigger specific timeframes for response and action by the receiving party.
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1. Date: Current date of the notice
2. Landlord Details: Full name and address of the landlord or their authorized agent
3. Tenant Details: Full name and registered address of the tenant
4. Property Description: Detailed description of the leased premises as per the lease agreement
5. Lease Reference: Date of the original lease and any supplemental deeds
6. Review Date: The specific rent review date as per the lease
7. Notice of Review: Formal statement triggering the rent review process
8. Proposed New Rent: Statement of the proposed new rent figure
9. Legal Basis: Reference to relevant clause(s) in the lease permitting the rent review
10. Signature Block: Signature of landlord or authorized agent with date
1. Supporting Market Evidence: Include when providing initial justification for the proposed rent increase
2. Appointment of Surveyor: Include when nominating a surveyor as part of the review process
3. Time Sensitivity Notice: Include when there are specific time limits for response as per the lease
4. Without Prejudice Statement: Include when the notice contains negotiation positions or proposals
5. Service Method Declaration: Include when specific proof of service is required by the lease
1. Schedule 1 - Comparable Properties: List of comparable properties and their rents to support the proposed new rent
2. Schedule 2 - Relevant Lease Extracts: Copy of relevant rent review clauses from the lease
3. Appendix A - Market Report: Independent market analysis or valuation report if being relied upon
4. Appendix B - Service Documents: Proof of service documents and delivery receipts
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