Subject to contract. Landlord’s draft 2, 18 October 2026
LEASE
of the first floor, 12 Camden Street Lower, Dublin 2
THIS LEASE is dated 24 October 2026.
PARTIES
(1)HARCOURT MEWS ESTATES LIMITED, a company incorporated in Ireland with registered number 684213, whose registered office is at 45 Harcourt Street, Dublin 2 (the “Landlord”); and
(2)INCHMORE DESIGN LIMITED, a company incorporated in Ireland with registered number 702918, whose registered office is at 18 Fitzwilliam Place, Dublin 2 (the “Tenant”).
BACKGROUND
(A)The Landlord is the owner of the freehold interest in the Building and has agreed to let the Premises to the Tenant on the terms of this Lease.
(B)The Tenant has inspected the Premises and enters into this Lease relying only on the terms set out in it, and not on any statement made by or on behalf of the Landlord.
AGREED TERMS
1.DEFINITIONS AND INTERPRETATION
1.1The definitions and rules of interpretation in this clause apply in this Lease.
“Annual Review Date”: each anniversary of the Commencement Date.
“Building”: the land and building known as 12 Camden Street Lower, Dublin 2, registered in Folio DN48213F of the Register of Freeholders, County Dublin, and every part of it.
“Commencement Date”: 1 November 2026.
“Common Parts”: the entrance hall, stairs, lift, landings, toilets and other parts of the Building that the Landlord designates from time to time for use by the tenants of the Building in common with each other.
“Contractual Term”: two years from and including the Commencement Date, as renewed under clause 3.2.
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Subject to contract. Landlord’s draft 2, 18 October 2026
“Deposit”: the sum of €7,200 paid by the Tenant under clause 5.1.
“Index”: the Consumer Price Index published by the Central Statistics Office, or any official index that replaces it.
“Permitted Use”: use as offices for the business of a design studio, and for no other purpose.
“Premises”: the first-floor office within the Building, having a net internal area of approximately 140 square metres and shown edged red on the Plan, including the Landlord’s fixtures and fittings in it, but excluding the structure, roof and foundations of the Building.
“Rent”: €28,800 a year, as increased from time to time under clause 4.4.
“Rent Payment Dates”: the first day of each calendar month.
“Service Charge”: the proportion of the Service Costs that the Landlord, acting reasonably, certifies as attributable to the Premises.
“VAT”: value-added tax chargeable under the Value-Added Tax Consolidation Act 2010, and any similar tax that replaces it.
1.2Clause, Schedule and paragraph headings do not affect the interpretation of this Lease.
1.3A reference to a statute or statutory provision is a reference to it as amended, extended or re-enacted from time to time, and includes any subordinate legislation made under it.
1.4An obligation on the Tenant not to do something includes an obligation not to allow that thing to be done.
1.5A reference to the end of the Term is to the end of the Term however it ends.
2.GRANT
2.1The Landlord lets the Premises to the Tenant for the Contractual Term, together with the rights set out in Schedule 1, and excepting and reserving to the Landlord the rights set out in Schedule 3, the Tenant paying the Rent, the Service Charge and all other sums due under this Lease.
2.2The grant is made subject to all rights, easements and covenants affecting the Building at the date of this Lease, insofar as they subsist and are capable of taking effect.
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Subject to contract. Landlord’s draft 2, 18 October 2026
3.TERM AND RENEWAL
3.1The term of this Lease begins on the Commencement Date and runs for the Contractual Term.
3.2The Contractual Term shall renew automatically for successive periods of one year unless either party gives the other written notice, in accordance with clause 18, at least sixty days ninety (90) days before the end of the then-current term. Notice given late, but before the end of the term, extends this Lease by three months rather than a further year.
3.3The Tenant acknowledges that it has been advised to take independent legal advice on the effect of this Lease, and shall, if the Landlord so requires, execute a deed of renunciation of its rights under the Landlord and Tenant (Amendment) Act 1980 before the Commencement Date.
3.4If the Tenant remains in occupation after the end of the Term with the Landlord’s consent, it does so as a tenant at will, at a rent of one and a half times the Rent then payable.
4.RENT
4.1The Tenant shall pay the Rent, and any VAT on it, by equal monthly instalments in advance on the Rent Payment Dates, the first instalment to be paid on the date of this Lease, by standing order to the account that the Landlord nominates.
4.2The Rent and all other sums due under this Lease shall be paid without any deduction, counterclaim or set-off, whether legal or equitable.
4.3If any sum due under this Lease is not paid within seven days of its due date, the Tenant shall pay interest on it at eight per cent above the European Central Bank reference rate, from the due date until the date of payment.
4.4On each Annual Review Date the Rent shall be increased by the percentage increase in the Index over the twelve months before that date, provided that the Rent shall not be reduced on any Annual Review Date.
5.DEPOSIT
5.1On the date of this Lease the Tenant shall pay the Deposit to the Landlord, to be held as security for the performance of the Tenant’s obligations under this Lease.
5.2The Landlord may apply the Deposit in or towards any sum due from the Tenant, and shall return any balance within such period after the end of the Term as the Landlord, in its discretion, considers appropriate.
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