1. What is Commercial Rent Review in Ireland?

Commercial rent reviews in Ireland are periodic assessments of rental values for commercial properties, typically conducted every 3-5 years. The review determines if the rent should be adjusted based on market conditions or agreed formulas.

2. How Does the Calculator Work?

The calculator uses the standard rent increase formula:

Where:

• Current Rent — The existing rent amount in EUR
• Ireland Commercial Increase Rate — The percentage increase agreed or determined by market conditions

Explanation: The formula calculates the new rent by applying the percentage increase to the current rent amount.

3. Importance of Rent Review Calculation

Details: Accurate rent review calculations are crucial for both landlords and tenants to ensure fair adjustments in line with lease agreements and market conditions.

4. Using the Calculator

Tips: Enter current rent in EUR and the commercial increase rate as a percentage. Both values must be valid (rent > 0, rate ≥ 0).

5. Frequently Asked Questions (FAQ)

Q1: How often are commercial rent reviews conducted in Ireland?
A: Typically every 3-5 years, as specified in the lease agreement.

Q2: What is a typical commercial rent increase rate in Ireland?
A: Rates vary by location and market conditions, but typically range between 2-5% annually.

Q3: Can rent decreases be calculated with this tool?
A: Yes, by entering a negative percentage (though decreases are rare in practice).

Q4: Are there legal limits to rent increases in Ireland?
A: For commercial properties, increases are generally governed by lease terms rather than legislation.

Q5: Does this calculator account for CPI-linked increases?
A: No, this calculates simple percentage increases. For CPI-linked reviews, you would need the specific CPI data.