NAMA Guidance Note: Assessment of a debtor/receiver proposal for a reduction in rent on an upward-only commercial lease.
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2013-07-29Access:
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This Guidance Note is designed to encourage debtors (or receivers who act as agent of the debtor) who are landlords of business premises, in respect of which NAMA has acquired the loan on the underlying property, to consider ameliorating rents on Irish properties that are in excess of the current prevailing market levels in certain cases where tenants prove that the level of the rent threatens the continued viability of the business, and where a rent review is not otherwise due or the rent has not previously been reduced at the request of the tenant. This Guidance applies only to business leases entered into prior to 28 February 2010.Corporate name:
Ireland. National Asset Management AgencyPublisher:
National Asset Management AgencyType of material:
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Rent, Commercial lease, National Asset Management AgencyMetadata
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