While these are just a few of the areas that are important in a commercial lease agreement, we recommend that all commercial leases be reviewed from a tax perspective to ensure that no potential VAT/RCT issues can arise. The Obligations Act regulates rental and rental agreements, the Rental and Sale of Commercial Premises Act regulates specific provisions for the rental of commercial space, and the Rental of Housing Act regulates the rental of housing. In Ireland, commercial leases generally fall into one of two categories: short-term leases, usually less than five years, or full repair and insurance contracts, usually granted to commercial tenants with a maximum term of 20 years, although terms between 10 and 15 years are becoming more frequent. Renting accommodation is what is known as a “tax-free delivery”, which means that such rentals do not attract VAT. This applies whether or not you are a seller for VAT purposes…