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Assignment Of Commercial Lease Form
"I need an Assignment Of Commercial Lease Form to transfer my retail shop lease to a new tenant, with the assignment date set for March 1, 2025, and including provisions for a 6-month rent deposit and guarantor requirements as specified by my landlord."
1. Parties: Details of the outgoing tenant (Assignor), incoming tenant (Assignee), and Landlord
2. Background: Details of the original lease, property, and reason for assignment
3. Definitions: Key terms used throughout the document including 'Lease', 'Property', 'Assignment Date'
4. Assignment: Core provisions transferring the lease from Assignor to Assignee
5. Assignor's Covenants: Obligations and warranties from the outgoing tenant
6. Assignee's Covenants: New tenant's obligations to comply with lease terms
7. Landlord's Consent: Confirmation of landlord's agreement to the assignment
1. Guarantor Provisions: Additional section required when financial security is required by landlord as condition of assignment
2. Rent Deposit: Section covering transfer or creation of rent deposit arrangements when there is an existing or new rent deposit
3. Authorised Guarantee Agreement: Section containing outgoing tenant's guarantee of incoming tenant's obligations when required as condition of landlord's consent
1. Schedule 1 - Original Lease: Copy of the lease being assigned
2. Schedule 2 - Property Plans: Plans showing the demised premises
3. Schedule 3 - Landlord's Consent Letter: Formal consent document from landlord
4. Schedule 4 - Rent Deposit Deed: New or transferred rent deposit arrangements if applicable
5. Schedule 5 - Guarantee Agreement: Guarantee documentation if required
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