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1. Parties: Identification of all parties: Original Lessee (Assignor), New Lessee (Assignee), and Original Lessor (Landlord)
2. Background: Recitals explaining the original lease agreement, the intent to assign, and confirmation of landlord's consent
3. Definitions: Definitions of key terms used in the agreement including Property, Original Lease, Assignment Date, etc.
4. Assignment: Core clause transferring all rights, title, and interest in the lease from Assignor to Assignee
5. Consideration: Details of the payment or consideration for the assignment
6. Effective Date: Specification of when the assignment becomes effective
7. Assignor's Covenants: Warranties and representations by the Assignor regarding the lease status, payments, and property condition
8. Assignee's Covenants: Commitments by the Assignee to comply with lease terms and assume all obligations
9. Landlord's Consent: Confirmation and terms of the Landlord's approval of the assignment
10. Handover: Process and conditions for physical possession transfer
11. Registration: Requirements and process for registration of the assignment deed
12. Governing Law: Specification of applicable laws and jurisdiction
13. Notices: Process and addresses for serving notices to all parties
14. Execution: Signature blocks and execution formalities
1. Security Deposit: Terms for transfer or replacement of security deposit - include when there's an existing security deposit
2. Outstanding Dues: Handling of any pending payments or dues - include when there are outstanding payments
3. Maintenance Obligations: Specific maintenance responsibilities - include for commercial properties or when maintenance terms differ from original lease
4. Improvements: Handling of improvements made by Assignor - include when significant improvements exist
5. Insurance: Transfer or procurement of insurance policies - include for high-value properties or commercial leases
6. Broker's Commission: Details of any broker involvement and commission - include when broker services were used
7. Indemnification: Specific indemnity provisions - include for commercial properties or high-value assignments
8. Assignment Conditions: Special conditions imposed by Landlord - include when Landlord has specific requirements
1. Schedule 1 - Property Details: Detailed description of the property including address, measurements, boundaries, and amenities
2. Schedule 2 - Original Lease: Copy or key terms of the original lease agreement including rent, duration, and key conditions
3. Schedule 3 - Outstanding Payments: List of any pending dues, utilities, or other payments
4. Schedule 4 - Inventory: List of fixtures, fittings, or furniture included in the assignment
5. Schedule 5 - Landlord's Consent Letter: Copy of the formal consent letter from the Landlord
6. Schedule 6 - Property Inspection Report: Current condition report of the property at time of assignment
7. Appendix A - Required Compliance Documents: Copies of necessary compliance certificates, permits, or NOCs
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Banking and Financial Services
Professional Services
Logistics and Warehousing
Residential Property
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Chief Financial Officer
Company Secretary
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Real Estate Agent
Property Consultant
Asset Manager
Lease Administrator
Risk Manager
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