Negotiating a commercial Lease
The following are some of the matters that tenants should consider when taking on a commercial Lease:-
- Check that the Planning Permission allows the use to which you, as a tenant, wanted to put the property.
- Try and negotiate a rent free fitting out period.
- Try and negotiate a break clause particularly if the lease is longer than 5 years.
- If the property is an old property and there may be repairs to be carried out, make sure that these are carried out by the Landlord before you take occupation. It would be advisable to get an Architect to carry out what is called a schedule of dilapidations.
- If the lease is being taken by a Company, try and avoid giving personal guarantees. This may be difficult depending on the respective bargaining the powers of the landlord and the tenant.
- If you require advice in relation to any of the topics or indeed any other legal topics, please do not hesitate to contact on 01 2960666 or info@dillon.ie.
