Assignment And Sublease Template for India

1. Security Deposit: Required when new security deposit arrangements are made with the assignee/sub-lessee

2. Fit-out Works: Include when modifications to the property are permitted or required

3. Insurance: Detailed insurance requirements when property type or value demands specific coverage

4. Environmental Compliance: Required for industrial or commercial properties with environmental impact

5. Operating Expenses: Include for commercial properties with shared maintenance or operating costs

6. Right of First Refusal: Optional clause giving certain parties priority rights for future transactions

7. Force Majeure: Include when parties want specific provisions for unforeseen circumstances

8. Assignment/Subletting Restrictions: Include when there are specific restrictions on further assignment or subletting

1. Property Description: Detailed description of the property including boundaries, measurements, and facilities

2. Original Lease: Copy or key terms of the original lease agreement

3. Rent and Payment Schedule: Detailed breakdown of rent, escalations, and payment terms

4. Inventory List: List of fixtures, fittings, and other items included in the assignment/sublease

5. Completion Requirements: List of documents and actions required to complete the assignment/sublease

6. Maintenance Responsibilities: Detailed split of maintenance obligations between parties

7. Handover Protocol: Procedures and checklist for property handover

8. Consent Letters: Copies of consent letters from relevant parties including original lessor