What is a Deed of Renunciation in Commercial Property?

A deed of renunciation is a legal document used in Ireland when a tenant in a commercial property gives up their right to a new lease (also known as a renewal lease) once their current lease ends.

Under Irish law, tenants who have been in continuous occupation of a commercial property for 5 years or more normally gain a statutory right to renew their lease. However, in many cases – especially when landlords prefer to retain flexibility – the tenant is asked to sign a deed of renunciation. This document formally states that the tenant agrees not to claim this right in the future.

Why is it important?

• For landlords: It helps protect their long-term plans for the property.
• For tenants: It’s important to understand that by signing it, they are waiving a right they would otherwise have under law.

When is it signed?
It’s usually signed before the lease is granted or as part of lease renewal discussions.

Should I get legal advice?
Absolutely. Because it involves waiving a legal right, tenants are normally advised (and sometimes required) to get independent legal advice before signing a deed of renunciation.