The Commercial Vehicle Lease Agreement is essential for businesses in Ireland requiring commercial vehicles without the capital investment of purchase. This document establishes a legally binding relationship between a lessor (typically a leasing company or financial institution) and a business lessee, governed by Irish law and regulations. It provides comprehensive coverage of lease terms, financial obligations, operational requirements, and risk allocation. The agreement includes specific provisions required under Irish commercial and transport law, addressing areas such as vehicle specifications, maintenance requirements, insurance obligations, and compliance with road traffic regulations. It's particularly relevant for businesses seeking to manage their commercial fleet efficiently while ensuring compliance with all relevant Irish legal and regulatory requirements.

1. Parties: Identifies and provides full details of the lessor and lessee, including registered addresses and company registration numbers

2. Background: Sets out the context of the agreement and confirms the lessor's ownership/right to lease the vehicle(s) and the lessee's intention to lease

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Lease Grant: Formal grant of the lease and specification of the lease term

5. Delivery and Acceptance: Details regarding vehicle delivery, acceptance procedures, and condition documentation

6. Rental Payments: Specifies rent amount, payment schedule, method of payment, and late payment consequences

7. Use of Vehicle: Permitted uses, territorial limits, and usage restrictions

8. Maintenance and Repairs: Allocation of responsibility for maintenance, servicing, and repairs

9. Insurance: Insurance requirements, minimum coverage levels, and claims procedures

10. Taxes and Charges: Responsibility for vehicle-related taxes, registration fees, and other charges

11. Compliance with Laws: Obligations to comply with relevant laws and regulations

12. Risk and Liability: Risk allocation between parties and liability provisions

13. Warranties and Representations: Standard warranties regarding vehicle condition and parties' authority

14. Default and Termination: Events of default, termination rights, and consequences of termination

15. Return of Vehicle: End-of-lease return conditions and procedures

16. Governing Law and Jurisdiction: Confirms Irish law as governing law and specifies jurisdiction for disputes