Tag: commercial lease
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Taking Over an Existing Commercial Lease? Don’t Make This Mistake
I am often asked by budding entrepreneurs to review the lease of a commercial premises which is part of a small business they are considering purchasing. The entrepreneur, understandably, is trying to avoid as much avoidable expenditure as possible and wants the lease reviewed for a competitive fee. I can do that, of course, without…
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Side Letters to Commercial Leases
If you are leasing a commercial property you may encounter a ‘side letter’ in addition to the lease itself. A side letter in such a situation is used by a landlord and tenant-as it is signed by both parties-to modify the terms of the lease itself, generally on a temporary basis. This would be done…
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Rent Review Clauses in Commercial Leases-What You Should Know
Do you occupy a retail, industrial, or office premises? If you do you will probably have you a commercial lease? If you have, it will almost certainly provide for a rent review. And you could be in for a very nasty shock. Let me explain. Over the last few years, since the property crash at…
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Commercial Landlord And Tenant Disputes-The Facts You Should Know
Landlord and tenant disputes are on the rise for obvious reasons with the downturn in the economy and landlords being faced with the choice of trying to recover outstanding rent or additionally trying to recover their premises and get the tenant out. Generally the failure to pay rent by the tenant will be a breach of…
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Leasing a Commercial Premises? 10 Key Questions and 4 Vital Tasks for Your Solicitor
Thinking about leasing a shop unit? Coffee shop? Office? Other commercial premises? If you are thinking about leasing a commercial shop unit in Ireland there are a number of key areas you need to consider before going ahead. Set out below is a non-exhaustive list of issues that you will need to be satisfied about…