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Commercial Lease Assignment
"I need a Commercial Lease Assignment agreement under Indonesian law for transferring a retail space lease in Jakarta from my company to a new tenant, with the assignment to take effect from March 1, 2025, including provisions for a 6-month guarantee period from my company."
1. Parties: Identifies the current tenant (Assignor), the new tenant (Assignee), and the Landlord
2. Background: Details of the existing lease, property description, and reason for assignment
3. Definitions: Defines key terms used throughout the agreement including Property, Lease, Assignment Date, etc.
4. Assignment: Core provisions detailing the transfer of lease rights and obligations from Assignor to Assignee
5. Consent of Landlord: Formal statement of the landlord's consent to the assignment and any conditions attached
6. Effective Date: Specifies when the assignment takes effect and any conditions precedent
7. Assignor's Covenants: Warranties and representations by the existing tenant regarding the lease status
8. Assignee's Covenants: New tenant's commitments to comply with lease terms and obligations
9. Rent and Security Deposit: Arrangements for handling rent payments and transfer of security deposits
10. Registration and Costs: Responsibilities for registering the assignment and paying associated costs
11. Governing Law: Confirms Indonesian law governs the agreement and relevant jurisdiction
12. Execution: Formal signing section complying with Indonesian execution requirements
1. Guarantor Provisions: Required when there is a guarantor for the Assignee's obligations
2. Outstanding Violations: Include when there are existing building or lease violations that need to be addressed
3. Break Clause: Optional provision allowing early termination under specific circumstances
4. Broker Arrangements: Include if property brokers are involved in the assignment transaction
5. Existing Alterations: Required when there are unauthorized alterations or pending restoration obligations
6. Foreign Investment Provisions: Include when the Assignee is a foreign entity, addressing compliance with Indonesian investment laws
1. Schedule 1 - Property Details: Detailed description of the leased property including floor plans and specifications
2. Schedule 2 - Existing Lease: Copy or summary of the original lease agreement and any variations
3. Schedule 3 - Conditions of Assignment: Specific conditions imposed by the Landlord for consenting to the assignment
4. Schedule 4 - Outstanding Rent: Statement of any rent arrears or other financial obligations
5. Schedule 5 - Inventory: List of any fixtures, fittings or equipment included in the assignment
6. Appendix A - Required Permits: Copies of all relevant business and property use permits
7. Appendix B - Registration Requirements: Checklist of documents required for registering the assignment with relevant authorities
Authors
Assignee
Assignor
Assignment Date
Building
Business Day
Completion Date
Consent
Effective Date
Existing Lease
Guarantor
Initial Lease Date
Landlord
Lease Period
Outstanding Liabilities
Parties
Permitted Use
Property
Registration Requirements
Relevant Authority
Rent
Security Deposit
Service Charges
Term
Transfer Date
Utilities
VAT
Building Management
Common Areas
Completion Requirements
Encumbrances
Existing Alterations
Governmental Approvals
Lease Rights
Notarial Deed
Permitted Business
Property Title Certificate
Registration Fees
Relevant Permits
Working Hours
Consent
Representations and Warranties
Property Handover
Registration
Payment Terms
Security Deposit
Landlord's Rights
Compliance
Insurance
Maintenance
Utilities
Property Access
Alterations
Default
Force Majeure
Indemnification
Notices
Confidentiality
Governing Law
Dispute Resolution
Assignment Conditions
Property Use
Environmental Compliance
Building Rules
Tax Obligations
Third Party Rights
Guarantees
Termination
Severability
Entire Agreement
Further Assurance
Costs and Expenses
Waiver
Amendments
Real Estate
Retail
Manufacturing
Hospitality
Office Space
Warehousing & Logistics
Industrial
Food & Beverage
Healthcare
Education
Technology
Professional Services
Legal
Real Estate
Operations
Finance
Compliance
Facilities Management
Business Development
Property Management
Corporate Services
Risk Management
Real Estate Manager
Property Manager
Legal Counsel
Business Development Manager
Operations Director
Facilities Manager
Commercial Director
Chief Financial Officer
Asset Manager
Compliance Officer
Contract Administrator
Corporate Real Estate Manager
Expansion Manager
Leasing Manager
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