Written answers

Wednesday, 6 May 2015

Department of Justice and Equality

Commercial Leases Database

Photo of Tommy BroughanTommy Broughan (Dublin North East, Independent)
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231. To ask the Minister for Justice and Equality her plans to introduce a register of leases in line with practice in other EU states; and if she will make a statement on the matter. [17443/15]

Photo of Frances FitzgeraldFrances Fitzgerald (Dublin Mid West, Fine Gael)
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I am pleased to advise the Deputy that a Commercial Leases Database is maintained by the Property Services Regulatory Authority, in accordance with the provisions of Section 87 of the Property Services (Regulation) Act 2011. The Act provides for the establishment of the commercial leases database. The legislation applies to all commercial property leases entered into on or after 3 April 2012, the date the legislation became operational. The Act also provides that certain limited information may be published by the Authority in respect of leases entered into before that date. As a result, the Authority has made available certain information in respect of all commercial leases entered into since 1 January 2010. The Commercial Leases Database is available on the Property Services Regulatory Authority's website, www.psr.ie.

The Database includes the following information in respect of all commercial leases entered into since 1 January 2010:

- the address of the leased commercial property;

- the date of the lease of the property;

- the term of years of the lease; and

- the rent payable in respect of the property.

With regard to commercial leases entered into on or after 3 April 2012, the Act imposes an obligation, on tenants of such properties, to furnish the following additional information to the PSRA:

- the commencement date of the terms of the lease;

- the capital consideration (if any) to be paid by the tenant or landlord in respect of the commercial property the subject of the lease;

- the frequency of the rent review in respect of the property;

- the particulars relating to who is liable in respect of the rates, insurance, service charges and repairs in respect of the property;

- the net floor area, per each floor, of the property;

- the particulars (if any) relating to rent-free periods, fitting out time allowed, fit out allowances and capital contributions in respect of the property;

- the particulars relating to any break-in clause in the lease; and

- the certificate identification number (within the meaning of Regulation 2 of the Stamp Duty (e-Stamping of Instruments) Regulations 2009).

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