Have small commercial property - tenant has no lease as was let to in good faith during crash - good tenant rent always paid on time, 8 years in occupation. Wont accept first rent increase in 8 years. Refuses to sign a lease.
Any advice on this topic?
No Galway, the tenant is not effectively squatting and is not delinquent.they are effectively squatting , the good news is its much easier to evict a delinquent commercial tenant but you will need to engage with a solicitor , no RTB or anything here
No Galway, the tenant is not effectively squatting and is not delinquent.
Clonback's advice is bang on - the tenant has been in occupation of the premises for a sufficiently long time to acquire a statutory right to a long-term lease. The Court will fix the rent at the open market rent in the absence of agreement between landlord and tenant.
...i believe there is a mechanism where an arbiter is appointed to deal with these kind of commercial lease ....
Nope - in these circumstances the term will be fixed at 20 years or such lesser term as the tenant may choose.I may be wrong, but isn't the tenant now entitled to a 35 yr lease as its a commercial premises?
Ok so commercial tenant can look for 20 year lease then?
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