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New Lease or Part IV

  • 21-08-2017 7:42pm
    #1
    NewApproach
    Registered Users, Registered Users 2 Posts: 2,191 ✭✭✭


    Signed a 12 month lease last year which is expiring. Are there any drawbacks to signing another 12 month lease (LL has given us one) rather than just staying under a Part IV tenancy?


Comments

  • #2
    Graham
    Moderators, Society & Culture Moderators Posts: 17,643 Mod ✭✭✭✭Graham


    NewApproach wrote: »
    Signed a 12 month lease last year which is expiring. Are there any drawbacks to signing another 12 month lease (LL has given us one) rather than just staying under a Part IV tenancy?

    Part 4 tenancy can be terminated by the landlord under specific circumstances. A lease rarely specifies such circumstances so should give you greater security.

    Important to note that a lease cannot remove or reduce any of your part 4 entitlements.

    On the downside you will find it harder to end the tenancy before the end of the lease (unless you find an acceptable replacement tenant).


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