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Hold Harmless Agreement (Real Estate)
"I need a Hold Harmless Agreement (Real Estate) to protect my property management company from liability while managing three commercial properties in Ontario, with specific coverage for tenant improvements and maintenance activities starting March 2025."
1. Parties: Identifies and defines the Indemnitor and Indemnitee with their full legal names and addresses
2. Background: Explains the context of the agreement, including the real estate transaction or relationship giving rise to the need for indemnification
3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'Claims', 'Losses', and 'Indemnified Parties'
4. Scope of Indemnification: Details the specific activities, risks, and circumstances covered by the hold harmless provision
5. Indemnification Obligations: Specifies the exact obligations of the Indemnitor, including defense costs, settlements, and judgments
6. Duration: Specifies how long the hold harmless provision remains in effect
7. Insurance Requirements: Outlines any insurance requirements the Indemnitor must maintain
8. Notice Requirements: Describes how and when parties must notify each other of claims or potential claims
9. Governing Law: Specifies that Canadian law governs the agreement and identifies the applicable province
10. Execution: Signature block and execution requirements
1. Third Party Rights: Include when there are specific third parties who may be affected by or benefit from the indemnification
2. Multiple Properties: Include when the hold harmless agreement covers multiple real estate properties
3. Exclusions: Include when specific risks or circumstances need to be explicitly excluded from the indemnification
4. Survival: Include when certain provisions need to survive the termination of the agreement
5. Assignment: Include when transfer rights need to be specifically addressed
6. Dispute Resolution: Include when parties want to specify alternative dispute resolution methods
7. Severability: Include when parties want to ensure partial invalidity doesn't void the entire agreement
8. Force Majeure: Include when parties want to address extraordinary events affecting performance
1. Schedule A - Property Description: Detailed legal description of the property or properties covered by the agreement
2. Schedule B - Specific Indemnified Matters: Detailed list of specific risks, activities, or circumstances covered by the indemnification
3. Schedule C - Insurance Requirements: Detailed insurance requirements including types, amounts, and specific coverage requirements
4. Appendix 1 - Related Parties: List of additional parties covered by or subject to the indemnification provisions
5. Appendix 2 - Excluded Claims: Detailed list of specific claims or circumstances excluded from the indemnification
Authors
Real Estate
Property Management
Construction
Property Development
Commercial Leasing
Residential Property
Real Estate Investment
Facilities Management
Property Insurance
Real Estate Services
Legal
Real Estate
Risk Management
Property Management
Operations
Facilities Management
Compliance
Asset Management
Contract Administration
Property Development
Real Estate Manager
Property Manager
Risk Management Officer
Legal Counsel
Real Estate Developer
Facilities Manager
Contract Administrator
Real Estate Agent
Property Development Director
Asset Manager
Leasing Manager
Operations Manager
Real Estate Investment Manager
Compliance Officer
Insurance Manager
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