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Company Let Agreement Template for Ireland

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Key Requirements PROMPT example:

Company Let Agreement

"I need a Company Let Agreement for a 5,000 sq ft office space in Dublin City Centre, with a 10-year lease term starting March 1, 2025, including break options at year 5 and specific provisions for shared reception facilities."

Document background
The Company Let Agreement is a specialized commercial lease document used in Ireland when one company (the landlord) lets commercial premises to another company (the tenant). This agreement is essential for businesses seeking to establish or expand their physical presence in Ireland through leasing commercial space. The document incorporates requirements under Irish property law, particularly the Landlord and Tenant (Amendment) Act 1980, and addresses key aspects such as rent, service charges, maintenance obligations, and permitted use of the premises. It's particularly important for ensuring both parties understand their rights and obligations under Irish law, and includes specific provisions for commercial property relationships that differ from residential tenancies.
Suggested Sections

1. Parties: Identification of the Landlord and Tenant companies, including registered office addresses and company registration numbers

2. Background: Context of the agreement and brief description of the premises and intended use

3. Definitions: Definitions of key terms used throughout the agreement

4. Demise: Formal grant of the lease, including precise description of the premises and any excluded/included areas

5. Term: Duration of the lease, including commencement date and expiry date

6. Rent: Details of rent amount, payment terms, and payment methods

7. Rent Review: Provisions for periodic rent reviews including methodology and timing

8. Service Charge: Details of service charge calculations, payments, and included services

9. Insurance: Insurance obligations of both parties and payment of premiums

10. Repairs and Maintenance: Responsibilities for repairs and maintenance of the premises

11. Tenant Covenants: Standard obligations and restrictions on the tenant

12. Landlord Covenants: Standard obligations of the landlord

13. Assignment and Subletting: Conditions under which the tenant may assign or sublet the premises

14. Termination: Circumstances allowing early termination and break clause provisions

15. Forfeiture: Landlord's right to forfeit the lease and re-enter the premises

16. Notices: Process for serving formal notices under the lease

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

Optional Sections

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

2. Break Clause: Optional provision allowing either party to terminate the lease early under specified conditions

3. Fit-Out Works: Include when the tenant will be carrying out initial fit-out works to the premises

4. Change of Control: Provisions dealing with changes in company ownership or control

5. Service Level Agreement: Required when specific service levels are agreed for building services

6. Green Lease Provisions: Environmental and sustainability obligations, if relevant

7. Covid-19 Provisions: Specific provisions dealing with pandemic-related issues and force majeure

8. Car Parking: Required when car parking spaces are included in the lease

Suggested Schedules

1. Schedule 1 - Premises Plan: Detailed plans showing the leased premises and common areas

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

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

4. Schedule 4 - Service Charge Schedule: Detailed breakdown of service charge items and calculations

5. Schedule 5 - Condition Schedule: Schedule recording the condition of the premises at lease commencement

6. Schedule 6 - Permitted Use: Detailed description of permitted business activities

7. Schedule 7 - Rent Review Provisions: Detailed rent review methodology and procedures

8. Appendix A - Fitting Out Guide: Landlord's requirements for tenant fit-out works

9. Appendix B - Building Rules: Rules and regulations for use of the building

Authors

Alex Denne

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

Relevant legal definitions












































Clauses

































Relevant Industries

Real Estate

Commercial Property

Retail

Office Space

Industrial

Manufacturing

Technology

Financial Services

Professional Services

Healthcare

Hospitality

Logistics

Warehousing

Relevant Teams

Legal

Real Estate

Facilities

Finance

Operations

Risk & Compliance

Property Management

Business Development

Corporate Services

Administration

Relevant Roles

Legal Counsel

Property Manager

Facilities Manager

Real Estate Director

Chief Financial Officer

Commercial Director

Operations Manager

Company Secretary

Risk Manager

Compliance Officer

Property Lawyer

Asset Manager

Business Development Manager

Chief Executive Officer

Head of Real Estate

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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