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Commercial Tenancy Agreement

Commercial Tenancy Agreement Template for Ireland

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Key Requirements PROMPT example:

Commercial Tenancy Agreement

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

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Document background
The Commercial Tenancy Agreement is a fundamental legal document used in Ireland for establishing and managing commercial property leases. It serves as the primary contract between property owners (landlords) and business occupiers (tenants), setting out detailed terms for the commercial occupation of premises. This document is essential for any business seeking to lease commercial space in Ireland and must comply with Irish property law, particularly the Landlord and Tenant (Amendment) Act 1980 and related legislation. The agreement covers crucial aspects such as rent, duration, maintenance obligations, permitted use, and various other terms specific to commercial property relationships. It's distinct from residential leases and requires careful consideration of commercial factors, including VAT implications, business rates, and specific sectoral requirements.
Suggested Sections

1. Parties: Identifies and defines the Landlord and Tenant with their full legal names and addresses

2. Background: Provides context about the property and the intention to create a lease

3. Definitions: Defines key terms used throughout the agreement

4. Demise: The formal grant of the lease, specifying the property being leased

5. Term and Commencement: Details of the lease duration and start date

6. Rent and Payment Terms: Specifies rent amount, payment frequency, and payment methods

7. Rent Review: Provisions for periodic rent reviews and the review mechanism

8. Service Charges: Details of additional charges for services and maintenance

9. Insurance: Insurance obligations of both parties

10. Repair and Maintenance: Responsibilities for property maintenance and repairs

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

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

13. Assignment and Subletting: Rules regarding transfer of the lease or subletting

14. Permitted Use: Specified allowed uses of the property

15. Alterations and Improvements: Rules regarding modifications to the property

16. Termination: Conditions and procedures for ending the lease

17. Forfeiture: Landlord's right to terminate for breach of conditions

18. Notices: How formal communications between parties should be made

19. Governing Law: Confirmation that Irish law governs the agreement

Optional Sections

1. Break Clause: Optional provision allowing early termination under specified conditions

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

3. VAT Provisions: Detailed VAT terms when the property is VAT-registered

4. Environmental Provisions: Specific environmental obligations for properties with environmental concerns

5. Planning Provisions: Additional planning-related terms for properties with specific planning requirements

6. Service Level Agreement: Detailed service provisions for managed properties

7. Fit-out Works: Terms regarding initial tenant improvements and modifications

8. Car Parking: Specific provisions for car parking rights and obligations

9. Signage Rights: Terms regarding external signage and advertising rights

10. Security Deposit: Terms regarding deposit requirements and management

Suggested Schedules

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

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

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

4. Schedule 4 - Service Charge Items: Detailed list of services provided and their cost allocation

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

6. Schedule 6 - Rent Review Provisions: Detailed mechanism for rent reviews

7. Schedule 7 - Permitted Alterations: List of alterations that can be made without consent

8. Appendix A - Plans: Property plans and drawings

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

10. Appendix C - Building Rules: Rules and regulations for multi-tenant buildings

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions









































Clauses
































Relevant Industries

Retail

Office Space

Industrial

Hospitality

Healthcare

Technology

Financial Services

Professional Services

Manufacturing

Warehousing and Distribution

Entertainment and Leisure

Food and Beverage

Relevant Teams

Legal

Real Estate

Facilities

Operations

Finance

Risk and Compliance

Property Management

Business Development

Administrative

Procurement

Relevant Roles

Property Manager

Real Estate Director

Facilities Manager

Legal Counsel

Commercial Director

Chief Financial Officer

Operations Manager

Business Development Manager

Estate Agent

Property Surveyor

Risk Manager

Compliance Officer

General Counsel

Managing Director

Finance Director

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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