Commercial Law Update: Major Change to Landlord and Tenant Legislation

There have been important changes made recently to the legislation governing the relationship between commercial landlords and tenants in this jurisdiction. Prior to the amendments, it was not possible for the majority of tenants of commercial premises to “contract out” of their right to a new tenancy. The applicable law provided that a retail or industrial tenant had a statutory right to a renewal of its existing commercial lease after it had leased its premises for five years or more. Accordingly, many commercial landlords were only willing to grant short term leases for periods of 4 years and 9 months for example.

The recent amendments to the Landlord and Tenant Legislation make it possible for a tenant of commercial premises to “contract out” of its statutory right to a new tenancy. This means that it is now possible for the owner of commercial premises to grant a lease of his/her premises for in excess of five years, safe in the knowledge that the tenant will not have any renewal rights. The tenant must however receive independent legal advice and sign a waiver of its statutory rights in order to meet the requirements of this new legislation.

These changes are capable of having a significant effect on the commercial rental market. The ability to prevent renewal rights had previously been available to tenants of office premises only, but the amendments extend it to the market at large. Landlords will no longer feel confined to granting leases of less than five years duration and this may result in a greater liberalisation of the market as a whole. These changes must be welcomed in the context of the current downturn in the market.

For further information or advice in relation to this new development please contact the following solicitors on our Commercial Property Team:

David Lavelle, Siona Mooney, Ian Lavelle

02 October 2008

    Dear Joice… you are and have been very professional, sympathetic and dignified in all of your dealings with us and I put that down to one simple fact. You listened.

    James, Medical Negligence Client

    Neil is an absolute gentleman to deal with – kind, tactful and very efficient. We could not praise him highly enough. He brought us through a horrible time.

    Sean, Medical Negligence Client

    Many thanks again for a job well done. We really appreciate all your hard work and practical advice.

    Corporate client in a commercial litigation matter

    Dear Jamie, You and your team in ACL were so professional, diligent and prompt. I have recommended you and the firm, and will continue to do so.

    Lorraine McCarthy

    Gus Cullen and the firm’s approach to addressing the key issues was professional, yet personal, efficient yet attentive.


    The process is a difficult one and when you deal with people who are so professional and yet genuine/real people, it makes it so much easier... so thanks a million.


    Request a Callback