Document background
A Lease Release is a crucial document used in Irish property law when parties mutually agree to terminate a lease before its natural expiration date. This document is essential for properly documenting the early termination of both commercial and residential leases, ensuring all parties are legally protected and that their obligations under the original lease are properly discharged. The Lease Release should comply with Irish property law requirements, including relevant provisions of the Landlord and Tenant Acts and the Land and Conveyancing Law Reform Act 2009. It typically includes details about the original lease, confirmation of property surrender, settlement of any outstanding payments, and mutual releases from future claims. This document is particularly important for risk management and maintaining clear property records, as it helps prevent future disputes and provides certainty for both landlords and tenants.
