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We provide expert advice to private and commercial clients.
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In March, the government published the Land and Conveyancing Law Reform (Review of Rent in Certain Cases) Bill 2010, the purpose of which is to provide for regulation concerning rent review of existing commercial leases.
The government had already dealt with rent reviews in Section 132 of the Land and Conveyancing Law Reform Act 2009, brought into effect on 28 February 2010. The 2009 Act banned future upward only rent review in leases made after that date. However, this had no effect on existing upward only rent review clauses.
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From 28 January 2010 any disqualification from driving in an EU state may also create a similar disqualification in Ireland. The Act provides for the foreign state to notify the Minister who in turn applies to Court to obtain an Irish Disqualification order.
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The days of cumbersome, costly and complex unregistered title are numbered. Justice minister Dermot Ahern has signed an order extending compulsory registration of land to twelve further counties. The only counties remaining outside the compulsory registration system for the foreseeable future will be Dublin and Cork. As a result, Ireland will move closer to a complete land register.
This modernisation of the Irish land registration system- with electronic conveyancing of land and the reforms proposed by the Land and Conveyancing Law Reform Act will mean reduced registration delays and associated costs.
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Thursday, May 13, 2010 - 11:34
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The new ruling which was approved recently by the President of the High Court, Richard Johnson now prevents members of the public or the media getting access to the details of a person’s estate unless they are a direct beneficiary of a will. This is a change to the established practice of the past 42 years.
After an examination by the Probate Office the President of the High Court issued a ‘practice direction’ to the Probate Office that a document known as the Inland Revenue Affidavit, which lists details of property and other assets held by a person, can now only be inspected by people who benefit from a will or a Government Official who has a legitimate interest in its contents.
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Thursday, May 13, 2010 - 11:33
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Regulations came into effect in August 2002 to provide for penalty interest on late payments made after 30 days in commercial transactions, save in cases where the parties in contract have agreed otherwise. From 1 January 2010 the new rate will be 8% per annum. This will be the set rate until 1 July 2010. The rate is linked to the ECB rate; therefore, it will change after 1 July if the ECB rate alters.
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Thursday, May 13, 2010 - 11:33
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