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Intercompany Lease Agreement

Intercompany Lease Agreement Template for Ireland

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Key Requirements PROMPT example:

Intercompany Lease Agreement

"I need an Intercompany Lease Agreement for our Irish subsidiary to lease office space from our group property holding company, starting March 1, 2025, with specific provisions for shared IT infrastructure and service charges."

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Document background
The Intercompany Lease Agreement is essential for corporate groups operating in Ireland that need to formalize property arrangements between their related entities. This document is typically used when one group company owns or controls commercial property and leases it to another company within the same corporate structure. It must comply with Irish property law while addressing specific intercompany considerations such as transfer pricing, group-level insurance arrangements, and corporate governance requirements. The agreement is particularly important for maintaining proper corporate records, ensuring tax compliance, and demonstrating arm's length transactions for regulatory purposes. It includes detailed provisions for property use, maintenance responsibilities, service charges, and group-specific arrangements, while incorporating necessary flexibility for corporate restructuring and group-level changes.
Suggested Sections

1. Parties: Identification of the landlord and tenant group companies, including company registration details

2. Background: Context of the lease arrangement within the group structure and commercial rationale

3. Definitions: Definitions of key terms used throughout the agreement, including group company-specific terminology

4. Demise: Formal grant of the lease and description of the leased premises

5. Term: Duration of the lease, including commencement date and any option to extend

6. Rent and Payment Terms: Rent amount, payment schedule, and intercompany payment mechanisms

7. Service Charges: Details of additional charges and how they are calculated and allocated

8. Insurance: Insurance obligations and group insurance policy considerations

9. Repair and Maintenance: Responsibilities for repairs and maintenance of the premises

10. Alterations and Improvements: Rights and restrictions regarding modifications to the premises

11. Use of Premises: Permitted use of the property and any restrictions

12. Group Company Provisions: Specific provisions relating to the intercompany nature of the lease

13. Assignment and Subletting: Rights and restrictions regarding transfer of the lease, particularly within the group

14. Termination: Circumstances and process for ending the lease

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

Optional Sections

1. Break Clause: Optional provision for early termination, recommended for longer-term leases

2. Shared Services: Required when premises are part of a larger facility with shared amenities

3. Group Company Guarantees: Optional parent company or cross-guarantees within the group structure

4. Change of Control: Provisions dealing with group restructuring or ownership changes

5. Environmental Provisions: Required for industrial or manufacturing premises

6. Tax Cooperation: Detailed tax provisions for cross-border group arrangements

7. Service Level Requirements: Needed when lease includes provision of specific services

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the premises including plans and measurements

2. Schedule 2 - Rent Review Provisions: Detailed mechanism for rent reviews if applicable

3. Schedule 3 - Service Charge Calculation: Methodology for calculating service charges and allocations

4. Schedule 4 - Condition Report: Initial condition of the premises with photographs and details

5. Schedule 5 - Permitted Alterations: Pre-approved alterations or improvements that may be made

6. Schedule 6 - Group Company Framework: Details of relevant group company relationships and structures

7. Appendix A - Floor Plans: Detailed floor plans and measurements of the premises

8. Appendix B - Building Rules: Building regulations and operational procedures

9. Appendix C - Utilities and Services: Details of utility provisions and service arrangements

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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












































Clauses






































Relevant Industries

Real Estate

Financial Services

Manufacturing

Technology

Retail

Healthcare

Professional Services

Logistics

Hospitality

Energy

Relevant Teams

Legal

Property

Finance

Tax

Facilities Management

Operations

Compliance

Treasury

Commercial

Risk Management

Relevant Roles

Legal Counsel

Property Manager

Real Estate Director

Corporate Secretary

Tax Manager

Facilities Manager

Finance Director

Operations Manager

Compliance Officer

Group Treasury Manager

Commercial Director

Risk 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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