Assignment Of Lease for United Arab Emirates

Assignment Of Lease Template for United Arab Emirates

A UAE Assignment of Lease is a legal document that facilitates the transfer of leasehold rights and obligations from an existing tenant (Assignor) to a new tenant (Assignee), subject to the landlord's consent. This document is governed by UAE federal laws and specific emirate-level regulations, particularly in Dubai and Abu Dhabi. It must comply with local property laws and registration requirements, including RERA regulations in Dubai. The agreement details the terms of transfer, including any consideration paid, handling of security deposits, and the ongoing obligations of all parties involved.

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What is a Assignment Of Lease?

The Assignment Of Lease is a crucial document in UAE property transactions where an existing tenant wishes to transfer their lease obligations to another party. It is commonly used in commercial and residential contexts when businesses relocate, restructure, or when individuals need to exit a lease early. The document must comply with UAE federal laws, including the Civil Code and specific emirate-level property regulations. In Dubai, particular attention must be paid to RERA requirements and registration procedures. The assignment typically requires explicit landlord consent and must address key aspects such as security deposits, outstanding obligations, and maintenance responsibilities. This document is essential for maintaining legal compliance while ensuring a smooth transition of leasehold interests between parties.

What sections should be included in a Assignment Of Lease?

1. Parties: Identifies and defines the Assignor (current tenant), Assignee (new tenant), and Landlord

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

3. Definitions: Defines key terms used throughout the document including Property, Lease, Assignment Date, etc.

4. Assignment: Core clause establishing the transfer of lease rights and obligations from Assignor to Assignee

5. Consideration: Details of any payment made by the Assignee to the Assignor for the assignment

6. Landlord's Consent: Confirmation of the Landlord's approval of the assignment as required by UAE law

7. Assignor's Covenants: Warranties and obligations of the current tenant regarding the lease status

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

9. Registration: Requirements for registering the assignment with relevant authorities (RERA in Dubai)

10. Costs: Allocation of costs related to the assignment process

11. Governing Law and Jurisdiction: Confirms UAE law governance and jurisdiction for disputes

What sections are optional to include in a Assignment Of Lease?

1. Security Deposit Transfer: Provisions for transferring the existing security deposit or arranging a new one

2. Guarantees: Required when there are corporate or personal guarantees for the Assignee's obligations

3. Condition of Premises: Used when specific arrangements regarding property condition need to be documented

4. Outstanding Obligations: Required when there are existing liabilities or obligations that need to be addressed

5. Fit-out Works: Needed when there are ongoing or planned modifications to the premises

6. Service Charges: Used when specific arrangements regarding service charge payments need to be documented

7. Break Rights: Required when special termination rights are being transferred or modified

What schedules should be included in a Assignment Of Lease?

1. Schedule 1 - Property Details: Detailed description of the leased premises including location, size, and any parking spaces

2. Schedule 2 - Existing Lease: Copy or key terms of the original lease being assigned

3. Schedule 3 - Rent and Payment Details: Breakdown of rent, payment dates, and other financial obligations

4. Schedule 4 - Landlord's Consent Letter: Formal written consent from the Landlord

5. Schedule 5 - Outstanding Items: List of any pending obligations, payments, or issues to be resolved

6. Appendix A - Required Notices: Forms and formats for notices required under the assignment

7. Appendix B - Registration Requirements: Checklist of documents required for registering the assignment

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Relevant Industries

Real Estate

Retail

Commercial Office

Industrial

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Healthcare

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Banking and Financial Services

Technology

Relevant Teams

Legal

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Facilities Management

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Corporate Services

Finance

Administration

Risk Management

Property Management

Relevant Roles

Real Estate Manager

Property Manager

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Facilities Manager

Commercial Director

Operations Manager

Lease Administrator

Compliance Officer

Real Estate Director

Contract Manager

Business Development Manager

Corporate Services Manager

Tenant Representative

Asset Manager

Industries
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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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