Document background
A Ground Lease Agreement is a crucial document in Irish real estate law, used when a landowner wishes to retain ownership of their land while allowing a tenant to develop and use it for an extended period, often 99 years or more. This type of agreement is particularly common in commercial development projects, urban regeneration schemes, and large-scale property developments. The document addresses essential aspects such as development rights, rent reviews, maintenance responsibilities, and permitted uses, while ensuring compliance with Irish property law, planning regulations, and environmental requirements. Ground Lease Agreements are particularly valuable when landowners want to generate long-term income while maintaining their asset ownership, or when developers seek to minimize initial capital outlay while securing long-term development rights.
