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Assign Tenancy Agreement
"I need an Assignment of Tenancy Agreement for my commercial office space in Central, Hong Kong, where I want to transfer my existing 5-year lease to a new tenant effective March 1, 2025, with the landlord's consent already obtained."
1. Parties: Identifies the Landlord, Original Tenant (Assignor), and New Tenant (Assignee)
2. Background: Recites the existing tenancy agreement details, reason for assignment, and confirms landlord's consent
3. Definitions: Defines key terms used throughout the agreement including Property, Original Tenancy Agreement, Assignment Date
4. Assignment: Core provision detailing the transfer of rights and obligations from Assignor to Assignee
5. Consideration: States the payment (if any) made by the Assignee to the Assignor for the assignment
6. Assignor's Covenants: Warranties and representations by the Original Tenant regarding the tenancy
7. Assignee's Covenants: New Tenant's undertaking to comply with original tenancy terms and perform obligations
8. Landlord's Consent: Formal statement of Landlord's agreement to the assignment and any conditions attached
9. Effective Date: Specifies when the assignment takes effect
10. Completion Requirements: Lists actions required to complete the assignment including registration and stamp duty
11. Governing Law: Confirms Hong Kong law governs the agreement
12. Execution: Signature blocks for all parties
1. Security Deposit Transfer: Used when the original tenant's security deposit is being transferred or dealt with
2. Outstanding Rent: Include when there are rent arrears or prepayments to be addressed
3. Renovation Works: Required if there are ongoing or planned renovation works that need to be addressed
4. Break Clause: Include if the assignment includes special termination rights
5. Property Management Fees: Include when there are outstanding management fees to be settled
6. Guarantee: Required when the Assignee must provide a guarantor
7. Costs: Include when parties need to specify how legal and registration costs are to be shared
1. Schedule 1 - The Property: Detailed description of the property including address and identifying numbers
2. Schedule 2 - Original Tenancy Agreement: Copy or key terms of the original tenancy agreement being assigned
3. Schedule 3 - Inventory: List of fixtures, fittings, and furniture included in the tenancy
4. Schedule 4 - Outstanding Amounts: Details of any rent, management fees, or utilities to be apportioned
5. Schedule 5 - Conditions of Consent: Any specific conditions imposed by the Landlord for consenting to the assignment
6. Appendix A - Plans: Floor plans or location plans of the property if relevant
7. Appendix B - Photographs: Current condition photographs if required
Authors
Assignment
Assignment Date
Assignor
Assignee
Building
Completion
Consideration
Effective Date
Encumbrances
Estate
Existing Tenancy Agreement
Government Lease
Guarantor
Hong Kong
Land Registry
Landlord
Original Tenant
Parties
Premises
Property
Rent
Security Deposit
Stamp Duty
Term
Working Day
Consideration
Consent
Representations and Warranties
Covenants
Security Deposit
Registration
Stamp Duty
Completion
Handover
Outstanding Payments
Indemnification
Further Assurance
Costs
Notices
Severability
Entire Agreement
Governing Law
Third Party Rights
Force Majeure
Counterparts
Amendment
Waiver
Real Estate
Property Management
Residential Property
Commercial Property
Retail
Hospitality
Office Space
Industrial Property
Legal Services
Property Investment
Legal
Real Estate
Property Management
Operations
Facilities
Administration
Compliance
Asset Management
Corporate Services
Property Manager
Real Estate Agent
Legal Counsel
Property Lawyer
Tenancy Administrator
Lease Administrator
Asset Manager
Property Officer
Facilities Manager
Real Estate Director
Compliance Officer
Company Secretary
Operations Manager
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