Amended And Restated Lease Template for Ireland

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Key Requirements PROMPT example:

Amended And Restated Lease

"I need an Amended and Restated Lease for our Dublin retail premises to incorporate new service charge provisions and extend the lease term until March 2025, plus add a break clause option for both parties."

Document background
The Amended And Restated Lease is utilized when parties to an existing lease agreement in Ireland need to substantially modify the original terms while maintaining the fundamental lease relationship. This document type is particularly useful when multiple amendments have accumulated over time, making reference to the current terms cumbersome, or when significant changes to the commercial terms necessitate a comprehensive update. It incorporates elements from the original lease, subsequent amendments, and new terms into a single, coherent document that complies with Irish property law and commercial leasing practices. The agreement typically includes updated rent terms, revised maintenance obligations, modern regulatory compliance requirements, and any new commercial terms agreed between the parties, while preserving the original lease's registration and continuity for legal purposes.
Suggested Sections

1. Parties: Identification of the landlord and tenant, including full legal names and addresses

2. Background: Recitals explaining the original lease, reasons for amendment and restatement, and current status

3. Definitions and Interpretation: Definitions of key terms and interpretation rules, including specific reference to terms from original lease that remain applicable

4. Amendment and Restatement: Clear statement that this agreement amends and restates the original lease in its entirety

5. Demise: Grant of the lease, including description of the premises and any common areas

6. Term: Duration of the lease, including commencement date and any renewal options

7. Rent and Payment Terms: Base rent, payment schedule, method of payment, and rent review provisions

8. Service Charges: Additional charges for services, maintenance, and common area costs

9. Use of Premises: Permitted use of the property and any restrictions

10. Repairs and Maintenance: Responsibilities of landlord and tenant for repairs and maintenance

11. Insurance: Required insurance coverage for both parties

12. Assignment and Subletting: Rights and restrictions regarding transfer of the lease

13. Landlord's Covenants: Obligations and promises of the landlord

14. Tenant's Covenants: Obligations and promises of the tenant

15. Termination: Grounds and procedure for early termination

16. Forfeiture: Circumstances allowing landlord to forfeit the lease

17. Notices: Process for serving formal notices between parties

18. Governing Law: Confirmation of Irish law governing the agreement

19. Execution: Signature blocks and execution formalities

Optional Sections

1. Break Clause: Optional provision allowing early termination at specified points, include if agreed by parties

2. Rent-Free Period: Details of any rent-free period, include if part of commercial terms

3. Alterations and Improvements: Rights and restrictions regarding modifications to the premises, include if tenant requires renovation rights

4. Green Lease Provisions: Environmental and sustainability requirements, include for properties with environmental certifications

5. Covid-19 Provisions: Specific provisions relating to pandemic circumstances, include if relevant to the property type

6. Service Level Agreement: Detailed service standards for managed properties, include for serviced offices or retail units in managed centers

7. Guarantor Provisions: Terms applying to any guarantee of tenant obligations, include if there is a guarantor

8. Car Parking: Rights and regulations regarding parking facilities, include if parking is part of the lease

9. Signage Rights: Provisions regarding external and internal signage, include for retail or commercial premises

Suggested Schedules

1. Schedule 1 - The Premises: Detailed description of the leased premises, including plans and measurements

2. Schedule 2 - Rights Granted: Specific rights granted to the tenant (e.g., access, use of common areas)

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

4. Schedule 4 - Service Charge Provisions: Detailed breakdown of service charge calculations and included services

5. Schedule 5 - Rent Review Provisions: Detailed mechanism for rent reviews

6. Schedule 6 - Insurance Provisions: Detailed insurance requirements and procedures

7. Schedule 7 - Condition Schedule: Schedule of condition at commencement of lease

8. Schedule 8 - Original Lease: Copy of the original lease being amended and restated

9. Appendix 1 - Plans: Property plans and drawings

10. Appendix 2 - Photographs: Photographic evidence of property condition

Authors

Alex Denne

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

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Real Estate

Retail

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Technology

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Relevant Teams

Legal

Real Estate

Facilities Management

Finance

Operations

Risk and Compliance

Property Management

Asset Management

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Administration

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Property Manager

Real Estate Director

Facilities Manager

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Chief Financial Officer

Operations Manager

Asset Manager

Leasing Manager

Compliance Officer

Risk Manager

Real Estate Portfolio Manager

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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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