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Indemnity Lease Agreement Template for Malaysia

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Key Requirements PROMPT example:

Indemnity Lease Agreement

"I need an Indemnity Lease Agreement for a chemical storage facility in Penang, Malaysia, starting March 2025, with strong environmental protection clauses and specific indemnification provisions for hazardous material handling."

Document background
The Indemnity Lease Agreement is a specialized legal instrument designed for use in the Malaysian property market where enhanced protection of the landlord's interests is required. This document is particularly suitable for high-value commercial and industrial leases where significant risk transfer is necessary. It combines traditional lease elements with comprehensive indemnification provisions, making it essential for situations involving potential environmental risks, specialized property uses, or significant tenant modifications to the property. The agreement must comply with Malaysian legislation, including the National Land Code 1965, Contracts Act 1950, and relevant property laws. It's commonly used when standard lease agreements don't provide sufficient risk protection, such as in industrial facilities, specialized commercial operations, or properties requiring significant tenant improvements.
Suggested Sections

1. Parties: Identification of the landlord and tenant, including full legal names, registration numbers for companies, and addresses

2. Background: Context of the lease agreement, brief property description, and purpose of the indemnity provisions

3. Definitions: Definitions of key terms used throughout the agreement, including property, lease period, indemnity obligations, and related terms

4. Grant of Lease: Formal grant of lease, specifying the property and term of lease

5. Rent and Payment Terms: Rental amount, payment schedule, security deposit, and other financial obligations

6. Tenant's Covenants: Standard obligations of the tenant including maintenance, permitted use, and compliance with laws

7. Landlord's Covenants: Standard obligations of the landlord including quiet enjoyment and structural maintenance

8. Indemnification Provisions: Detailed indemnity obligations of the tenant, including scope of indemnity and triggering events

9. Insurance Requirements: Required insurance coverage, minimum amounts, and naming of additional insured parties

10. Default and Remedies: Events of default, cure periods, and available remedies including enforcement of indemnity

11. Termination: Grounds for termination and the process, including survival of indemnity obligations

12. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes

13. Notices: Process for serving notices between parties

14. Execution: Signature blocks and execution requirements

Optional Sections

1. Environmental Indemnity: Additional environmental protection clauses, required for properties with potential environmental risks or historical contamination

2. Assignment and Subletting: Terms for assignment or subletting, if permitted, including additional indemnity requirements

3. Alterations and Improvements: Terms for making changes to the property, including additional indemnification for construction risks

4. Special Use Provisions: Specific terms for particular property uses (e.g., retail, industrial) with related indemnity requirements

5. Force Majeure: Terms dealing with unforeseen circumstances and their impact on indemnity obligations

6. Guarantor Provisions: Terms relating to guarantors if required for the lease

7. Building Rules and Regulations: Specific rules for multi-tenant buildings or complexes

8. Utilities and Services: Detailed provisions about utility responsibilities and related indemnities

Suggested Schedules

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

2. Schedule 2 - Rent and Payment Schedule: Detailed breakdown of rent, deposit, and other financial obligations

3. Schedule 3 - Condition Report: Initial condition of the property with photographs and descriptions

4. Schedule 4 - Specific Indemnity Terms: Detailed description of specific indemnity obligations and processes

5. Schedule 5 - Insurance Requirements: Detailed insurance requirements including types, amounts, and special conditions

6. Schedule 6 - Permitted Use: Detailed description of permitted uses of the property

7. Appendix A - Form of Guarantee: Standard form of guarantee if guarantor is required

8. Appendix B - Building Rules: Detailed building rules and regulations if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses






























Relevant Industries

Real Estate

Commercial Property

Industrial

Retail

Hospitality

Manufacturing

Warehousing

Office Space

Healthcare

Education

Relevant Teams

Legal

Real Estate

Risk Management

Compliance

Operations

Finance

Property Management

Facilities Management

Asset Management

Commercial Operations

Relevant Roles

Property Manager

Legal Counsel

Real Estate Director

Facility Manager

Risk Manager

Compliance Officer

Commercial Director

Operations Manager

Asset Manager

Real Estate Agent

Contract Administrator

Chief Financial Officer

Property Development Manager

Leasing 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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