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Indemnity Lease Agreement

Indemnity Lease Agreement Template for Ireland

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Key Requirements PROMPT example:

Indemnity Lease Agreement

"I need an Indemnity Lease Agreement for a high-risk manufacturing facility in Dublin, with comprehensive protection against environmental liability and specific indemnification provisions for potential hazardous material incidents, starting from March 2025."

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Document background
The Indemnity Lease Agreement is a specialized form of lease contract commonly used in Irish commercial property transactions where parties require enhanced protection against potential liabilities and risks. This document is particularly relevant when dealing with high-value commercial properties, properties with specific risk profiles, or situations where standard lease protections are insufficient. The agreement combines traditional lease elements with comprehensive indemnification provisions, ensuring compliance with Irish property law while providing additional security for both landlord and tenant. It's especially useful in scenarios involving complex commercial operations, properties requiring specific insurance arrangements, or situations where risk allocation needs to be clearly defined and documented.
Suggested Sections

1. Parties: Identification and details of the Landlord and Tenant

2. Background: Context of the agreement and brief description of the property

3. Definitions: Defined terms used throughout the agreement

4. Demise: Formal grant of the lease and specification of the property

5. Term and Rent: Duration of lease and rent payment terms

6. Tenant Covenants: Core obligations of the tenant including maintenance, use restrictions, and compliance with laws

7. Landlord Covenants: Core obligations of the landlord including quiet enjoyment and insurance

8. Indemnification: Detailed indemnity provisions and obligations

9. Insurance Requirements: Specific insurance obligations for both parties

10. Termination Rights: Circumstances and procedures for early termination

11. Assignment and Subletting: Rules regarding transfer of lease rights

12. Notices: Process for formal communications between parties

13. Governing Law: Confirmation of Irish law governance and jurisdiction

14. Execution: Signature blocks and execution formalities

Optional Sections

1. Break Clause: Optional provision allowing early termination at specified points

2. Rent Review: Mechanism for periodic rent adjustments, if applicable

3. Service Charge: For properties with common areas or shared services

4. Environmental Provisions: Specific environmental obligations and protections

5. Planning Requirements: Specific planning-related obligations if property requires special permissions

6. Alterations and Improvements: Detailed provisions for property modifications

7. Guarantor Provisions: Where a guarantee is required for the tenant's obligations

8. Change Control: Process for making changes to the agreement during the term

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the leased property including plans and maps

2. Schedule 2 - Rent and Payment Terms: Detailed breakdown of rent, payment dates, and methods

3. Schedule 3 - Condition Report: Initial condition of the property at lease commencement

4. Schedule 4 - Permitted Use: Detailed description of allowed uses of the property

5. Schedule 5 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements

6. Schedule 6 - Service Charge Items: Breakdown of service charge components if applicable

7. Schedule 7 - Landlord's Fixtures and Fittings: Inventory of landlord-owned items included in the lease

8. Appendix A - Form of Rent Review Notice: Template for rent review notifications

9. Appendix B - Guarantor's Covenant: Form of guarantee if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Commercial Property

Retail

Industrial

Office Space

Manufacturing

Logistics

Hospitality

Healthcare

Education

Technology

Professional Services

Relevant Teams

Legal

Real Estate

Operations

Finance

Risk Management

Compliance

Facilities Management

Property Management

Commercial

Business Development

Insurance

Asset Management

Relevant Roles

Property Manager

Real Estate Director

Legal Counsel

Commercial Director

Facilities Manager

Risk Manager

Operations Director

Chief Financial Officer

Asset Manager

Compliance Officer

Property Surveyor

Insurance Manager

Business Development Manager

Portfolio Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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