Document background
The Memorandum of Lease Agreement is a crucial document in Irish property transactions, designed to provide a concise summary of lease terms for registration and third-party notice purposes. It is typically prepared when a lease needs to be registered with the Land Registry or Registry of Deeds, particularly for leases exceeding three years. This document type emerged from the practical need to have a shorter, registrable version of the full lease agreement, focusing on essential terms while complying with Irish registration requirements. The memorandum must include specific details required by Irish law, such as parties' information, property description, lease duration, and rent terms, while maintaining consistency with the full lease agreement. It serves as an important tool for property professionals, legal practitioners, and parties involved in lease transactions, providing a publicly accessible record of key lease terms.
