'Dragon' awarded €25,000 in rent lawsuit
Published 27/10/2010 | 05:00
'Dragons' Den' TV star Niall O'Farrell has been awarded almost €25,000 in unpaid rent and insurance payments against one of his commercial tenants.
The multi-millionaire entrepreneur sued Co Dublin businessman Michael Carroll, who had leased a unit from him in The Motor Centre at The Square, Tallaght.
Mr O'Farrell, who owns two houses on Shrewsbury Road, Ballsbridge, Dublin, and has one of them, his home, Thorndene, on the market for €14m, told the Dublin Circuit Civil Court yesterday of having leased the unit to Mr Carroll in the late 1990s.
He told his barrister Barry Mansfield that he was not aware that Mr Carroll had sub-let the unit to another businessman, who is running a motor factory from the premises.
He said the rent and insurance premiums should have been paid quarterly and in advance but this was paid sporadically by Mr Carroll and demands had been made on his behalf for arrears.
Denise Brett, counsel for Mr Carroll, told Judge Gerard Griffin that the unit had been sub-let by her client as long ago as 1998 and he had never personally operated a business from there since.
She said Mr O'Farrell's claim was confined to four quarterly rent payments for 2009 and insurance premiums relating to three separate years.
Two payments had been made during 2009, which would have to be deducted from any decree made by the court.
Judge Griffin awarded Mr O'Farrell €24,760 for rent and insurance payment arrears and said he would grant a stay on his order if Mr Carroll was prepared to lodge €20,000 in court within 10 days.
Ms Brett said Mr Carroll was prepared to pay €1,000 a month to stay judgment against him but would be unable to pay a lump sum of €20,000.