The Property Services (Regulation) Act 2011 imposes an obligation on tenants of commercial leases entered into on or after 3rd April 2012 to furnish the PSRA ( Property Services Regulatory Authority) with the following information:-
- The address and description of the leased commercial property
- The date of the lease of the property
- The term of years of the lease
- The rent payable in respect of the property
- The commencement date of the terms of the lease
- The capital consideration (if any) to be paid by the tenant or the landlord in respect of the commercial property the subject of the lease
- The frequency of the rent review in respect of the property
- The particulars relating to who is liable in respect of the rates, insurance, service charges and repairs in respect of the property
- The net floor area for each floor of the property
- The particulars (if any) relating to rent free periods, fitting out time allowed, fit out allowances and capital contributions in respect of the property
- The particulars relating to any break-clause in the lease
- The certificate i.d number (within the meaning of regulation 2 of the Stamp Duty (E-stamping of Instruments) Regulation 2009) of that Stamp Certificate
and
- Such other particulars as may be prescribed by regulations.
The first four requirements only apply to commercial leases entered into since 1st January 2010.
