Long Term Agricultural Land Lease Page 6
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day after same falls due at the rate of 4% per annum above the highest current AIB
Bank “A” lending rate on unsecured overdrafts to private individuals, such interest to
be calculated on a day to day basis and to be recoverable by the Lessor as a simple
debt.
(3)
To pay all rates taxes outgoings and impositions (other than Land Commission
Annuity and the Lessor’s Income Tax in respect of the rent arising hereunder)
whatsoever imposed upon or payable in respect of the Farm during the term hereof
together with any Stamp Duty and Value Added Tax which may become payable in
respect of this Lease.
(4)
To keep in good and substantial repair order and condition using the best and most
suitable materials any buildings upon the lands and all fixtures and fittings spouting
and fall pipes fences walls pumps gates posts stiles bridges culverts wells ponds banks
watercourses ditches drains waterworks dams and roads thereon.
(5)
To maintain the hedges, fences and other boundaries in stock-proof condition.
(6)
To scour and cleanse as necessary all wells ponds watercourses ditches and drains.
(7)
To paint or treat with effective preservatives as and when necessary and in the fifth
year of the term of this Lease (and in each subsequent fifth year if the term shall so
extend) all the inside and outside wood and iron work of any buildings on the Farm and
all gate posts and fences which hitherto have been usually painted or treated.
(8)
To otherwise redecorate as required, and no less than at the period/s set down in 2(7)
hereof all other external and internal parts of the buildings on the Farm which have
hitherto normally been decorated.
(9)
To yield up the Farm and all buildings thereon in clean and good and substantial repair
order and condition at the expiration or sooner determination of the term hereof.
(10)
To reimburse the Lessor on demand all amounts paid by the Lessor or on the Lessor’s
behalf in respect of premiums for insurance in accordance with the Lessor’s obligations
under sub-clause (a) of Clause 4 hereof.
(11)
To manage cultivate and use the Farm at all times in accordance with the rules of good
husbandry until the expiration or sooner determination of the term hereof and
immediately prior to such expiration or determination to offer for sale at a fair price to
the Lessor (or to the incoming Lessee if known) all unconsumed hay straw and fodder
crops not required by the Lessee for use in connection with any other lands farmed or
to be farmed by him such offer to be accepted or rejected by the Lessor (or the
incoming Lessee) within seven days of such offer.
(12)
To preserve all growing timber and other trees from injury and not to hang gates on or
drive nail or hook into or otherwise injure any such trees or timber.
(13)
Not to commit or suffer any wilful or voluntary waste spoil or destruction on the Farm
or do or suffer to be done thereon anything which may be or become a nuisance or
annoyance to the Lessor or occupiers of adjoining land and in all manner in the
management and use of the Farm to have regard to the environment and accepted and
prevailing standards of care aimed at avoiding pollution in all its forms.
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