Novation Lease Agreement Template for Indonesia

1. Consent of Additional Parties: Required if there are guarantors, mortgagees, or other parties with interests in the original lease

2. Tax Provisions: Include for commercial properties or when specific tax arrangements need to be addressed

3. Insurance Arrangements: Required when there are specific insurance policies that need to be transferred or maintained

4. Property Management: Include when there are specific property management arrangements that need to be addressed

5. Assignment and Subletting: Include when modification to original assignment/subletting provisions is needed

6. Break Rights: Include when parties wish to modify or clarify break rights post-novation

7. Language Requirements: Required for agreements involving foreign parties, specifying dual language requirements and prevailing language

1. Original Lease: Copy or details of the original lease agreement being novated

2. Property Details: Detailed description of the leased property, including certificates and registration details

3. Rent and Payment Schedule: Details of rent amounts, payment dates, and any review mechanisms

4. Handover Protocol: Documentation of property condition and any handover requirements

5. Outstanding Obligations: List of any outstanding obligations or payments under the original lease

6. Required Consents: Copies of all third-party consents obtained for the novation

7. Property Insurance Details: Details of insurance policies and certificates