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Landlord Lien Waiver

Landlord Lien Waiver Template for Ireland

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Key Requirements PROMPT example:

Landlord Lien Waiver

"I need a Landlord Lien Waiver for my manufacturing company's Dublin premises, where we're seeking equipment financing of €2.5M from Bank of Ireland, and the agreement needs to specifically cover CNC machinery and robotics equipment."

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Document background
The Landlord Lien Waiver is essential in Irish commercial financing transactions where a tenant seeks to use their equipment, inventory, or other movable assets as collateral for financing. Under Irish law, landlords traditionally have significant rights over tenant property, including the right of distress for unpaid rent. This document becomes necessary when a lender requires assurance that their security interest in the tenant's assets will not be subordinate to the landlord's rights. The agreement typically details the scope of the waiver, access rights, notice requirements, and procedures for removing collateral. It's particularly important in sectors where businesses rely on significant equipment or inventory financing, and must comply with Irish property law, including the Landlord and Tenant Law Amendment Act Ireland 1860 and modern commercial practice.
Suggested Sections

1. Parties: Identifies the landlord, tenant, and lender/financial institution involved in the agreement

2. Background: Recitals explaining the lease arrangement, the tenant's financing arrangement, and the purpose of the waiver

3. Definitions: Defines key terms including Property, Collateral, Security Interest, Landlord's Lien Rights, etc.

4. Acknowledgment of Security Interest: Confirms the lender's security interest in the tenant's property/collateral

5. Waiver of Landlord's Rights: Core section detailing the specific rights the landlord is waiving

6. Access Rights: Specifies the lender's rights to access the premises to inspect or remove collateral

7. Notice Requirements: Details requirements for notices between parties regarding default, enforcement, or removal of property

8. Term and Termination: Duration of the waiver agreement and conditions for termination

9. Governing Law: Specifies Irish law as governing law and jurisdiction

Optional Sections

1. Subordination Provisions: Used when the agreement includes subordination of landlord's claims to the lender's security interest

2. Insurance and Risk: Include when specifying responsibilities for insuring collateral during removal or storage

3. Landlord's Representations: Add when landlord needs to make specific representations about property ownership or authority

4. Assignment and Transfer: Include when parties need right to assign or transfer their rights under the waiver

5. Remedies: Add when specific remedies for breach need to be outlined

6. Costs and Expenses: Include when addressing responsibility for costs related to enforcement or collateral removal

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the leased premises

2. Schedule 2 - Collateral Description: Detailed list or description of the tenant's property covered by the waiver

3. Schedule 3 - Lease Details: Key details of the underlying lease agreement

4. Appendix A - Form of Notice: Standard form for notices required under the agreement

5. Appendix B - Access Procedures: Detailed procedures for lender access to premises and removal of collateral

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
Relevant legal definitions





























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Relevant Industries

Manufacturing

Retail

Warehousing and Distribution

Technology and Data Centers

Industrial

Healthcare

Hospitality

Agriculture

Commercial Real Estate

Logistics

Relevant Teams

Legal

Real Estate

Finance

Risk Management

Property Management

Commercial Banking

Credit Administration

Facilities Management

Corporate Services

Operations

Relevant Roles

Legal Counsel

Commercial Property Manager

Finance Director

Real Estate Manager

Credit Risk Manager

Asset Manager

Facilities Manager

Commercial Lease Administrator

Security Trustee

Property Portfolio Manager

Corporate Banker

Real Estate Attorney

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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