Ƶ

Assignment Of Lease Contract Template for Philippines

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Assignment Of Lease Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Assignment Of Lease Contract

"I need an Assignment of Lease Contract for transferring my retail store lease to a new business owner, with the original lease expiring in March 2025, and the landlord has specific requirements about maintaining the same type of business in the premises."

Document background
The Assignment Of Lease Contract is a crucial document used in the Philippine real estate market when an existing tenant wishes to transfer their lease rights and obligations to another party. This document, governed by Philippine law and specifically the Civil Code of the Philippines, is commonly used in both commercial and residential contexts. It becomes necessary when a tenant needs to exit a lease agreement before its natural termination, whether due to business restructuring, relocation, or other circumstances. The assignment must comply with local property laws and typically requires explicit landlord consent. The document covers essential elements including the terms of transfer, financial responsibilities, security deposit arrangements, and any specific conditions imposed by the landlord. It's particularly important in protecting all parties' interests and ensuring a smooth transition of lease obligations.
Suggested Sections

1. Parties: Identifies the three key parties: the Original Tenant (Assignor), the New Tenant (Assignee), and the Landlord

2. Background: Recitals explaining the existing lease agreement and the intention to assign it

3. Definitions: Defines key terms used throughout the agreement, including 'Lease Agreement', 'Premises', 'Assignment Date', etc.

4. Assignment: Core clause establishing the assignment of the lease from Assignor to Assignee

5. Consideration: Details of any payment or consideration for the assignment

6. Effective Date: Specifies when the assignment takes effect

7. Assignor's Obligations: Warranties and obligations of the original tenant, including payment of any outstanding amounts

8. Assignee's Covenants: New tenant's commitment to perform lease obligations and comply with original lease terms

9. Landlord's Consent: Formal documentation of the landlord's approval of the assignment

10. Release of Assignor: Terms under which the original tenant is released from lease obligations

11. Governing Law: Specifies Philippine law as governing law and jurisdiction

12. Execution: Signature blocks for all parties

Optional Sections

1. Security Deposit Transfer: Used when there's a transfer of security deposit from Assignor to Assignee

2. Outstanding Repairs: Include when there are pending repair obligations to be transferred or resolved

3. Broker Provisions: Required if a broker was involved in arranging the assignment

4. Guarantor Provisions: Include if there are existing or new guarantors for the lease obligations

5. Conditional Consent Terms: Used when the Landlord's consent comes with specific conditions

6. Joint and Several Liability: Include when the Assignor remains partially liable after assignment

7. Insurance Requirements: Used when specific insurance transfer or new policy requirements exist

Suggested Schedules

1. Schedule 1 - Original Lease: Copy or key terms of the original lease agreement being assigned

2. Schedule 2 - Premises Details: Detailed description of the leased premises, including floor plans if applicable

3. Schedule 3 - Inventory: List of any fixtures, fittings, or equipment included in the assignment

4. Schedule 4 - Outstanding Obligations: List of any ongoing obligations, payments, or maintenance requirements

5. Schedule 5 - Condition Report: Current condition of the premises at time of assignment

6. Appendix A - Required Consents: Copies of all required consent documents from Landlord or other parties

7. Appendix B - Payment Details: Details of any payments, security deposits, or financial arrangements between parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 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

Residential Property

Retail

Office Space

Industrial

Hospitality

Healthcare

Education

Manufacturing

Warehousing

Agriculture

Relevant Teams

Legal

Real Estate

Operations

Facilities Management

Administration

Compliance

Property Management

Asset Management

Contract Management

Risk Management

Relevant Roles

Property Manager

Real Estate Manager

Legal Counsel

Corporate Lawyer

Leasing Manager

Facilities Manager

Real Estate Director

Operations Manager

Contract Administrator

Business Development Manager

Property Administrator

Compliance Officer

Real Estate Agent

Asset Manager

Tenant Relations 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

Find the exact document you need

Assignment Of Obligations Under A Contract

A legal document governed by Philippine law that transfers contractual obligations from one party to another, specifying terms and conditions of the transfer.

find out more

Short Form Assignment Agreement

A simplified agreement under Philippine law for transferring rights between parties, typically used for straightforward assignments of intellectual property or other transferable rights.

find out more

Assignment Of Real Estate Contract And Sale Agreement

A Philippine law-compliant agreement transferring rights and obligations under an existing real estate contract from the original buyer to a new buyer.

find out more

Addendum Assignment Contract

A Philippine law-governed document that combines contract modification and rights assignment, enabling transfer of contractual interests while amending original agreement terms.

find out more

Assignment Of Lease Contract

A Philippine law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.

find out more

Assignment Of Equipment Lease

A Philippine law-governed document transferring equipment lease rights and obligations from an existing lessee to a new lessee.

find out more

Assignment Of Agreement Addendum

A Philippine law-governed addendum facilitating the formal transfer of contractual rights and obligations from one party to another.

find out more

Assignment Of Purchase Order

A Philippine law-governed agreement that transfers rights and benefits under a purchase order from an assignor to an assignee, typically used in commercial financing arrangements.

find out more

Assignment Of Land Contract

A Philippine law-governed document transferring rights and obligations under an existing land contract from an Assignor to an Assignee.

find out more

Assignment Fee Contract

A Philippine law-governed contract documenting the transfer of rights or assets from an Assignor to an Assignee for an agreed fee.

find out more

Assignment And Novation Agreement

A Philippine law-governed agreement that transfers contractual rights and obligations from an existing party to a new party, with the consent of all involved parties.

find out more

Assignment Of Claim Agreement

A Philippine law-governed agreement that transfers rights and interests in a claim from an Assignor to an Assignee.

find out more

Debt Novation Agreement

A Philippine law-governed agreement that substitutes an existing debt obligation with a new one, creating new rights and obligations between the parties while extinguishing the original debt.

find out more

Debt Assignment Agreement

A Philippine law-governed agreement transferring debt rights and obligations from one creditor to another, compliant with local regulatory requirements.

find out more

Vehicle Assignment Agreement

A Philippine-law governed agreement establishing terms for vehicle assignment between an owner and assignee, including usage rights and responsibilities.

find out more

Assignment Of Rights Agreement

A Philippine law-governed agreement that transfers specified rights or interests from an Assignor to an Assignee, ensuring legal compliance and proper documentation of the transfer.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.