The Partial Assignment Of Lease is a specialized legal instrument used when a tenant wishes to transfer some, but not all, of their leasehold rights to another party while retaining certain rights or space for themselves. This document is particularly relevant in the Indian legal context, where it must comply with the Transfer of Property Act, 1882, and various state-specific property laws. It's commonly used in situations where businesses need to downsize their space, share premises, or optimize their real estate costs while maintaining a presence in the property. The document typically includes detailed specifications of the rights being assigned versus retained, rent apportionment, shared facility arrangements, and the landlord's formal consent. Given the complexity of partial assignments under Indian law, the document must carefully address issues such as stamp duty payment, registration requirements, and the clear delineation of responsibilities between the assignor and assignee.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Details of the Original Lessee (Assignor), the Assignee, and the Landlord
2. Background: Information about the original lease, its key terms, and the context for the partial assignment
3. Definitions: Definitions of key terms used in the agreement including Property, Original Lease, Assigned Rights, Retained Rights
4. Assignment: Core clause specifying which lease rights are being assigned and which are being retained
5. Consideration: Details of any payment or consideration for the partial assignment
6. Effective Date: Specification of when the partial assignment takes effect
7. Assignor's Covenants: Warranties and obligations of the original lessee regarding the lease and assigned rights
8. Assignee's Covenants: New tenant's obligations and commitments regarding the assigned portion of the lease
9. Landlord's Consent: Confirmation of landlord's approval of the partial assignment
10. Rights and Obligations: Detailed breakdown of how lease obligations will be shared or divided
11. Registration and Stamp Duty: Provisions regarding registration requirements and payment of stamp duty
12. Governing Law: Specification that Indian law governs the agreement
13. Execution: Signature blocks for all parties
1. Guarantor Provisions: Required when there is a guarantor for either the assignor or assignee
2. Service Charges: Needed when the lease includes service charges that need to be apportioned
3. Insurance Requirements: Include when specific insurance obligations need to be allocated between assignor and assignee
4. Repair and Maintenance: Required when specific maintenance responsibilities need to be divided
5. Security Deposit Arrangements: Include when there are security deposit transfers or new deposits required
6. Sub-letting Provisions: Needed when sub-letting rights are relevant to the partial assignment
7. Dispute Resolution: Optional detailed dispute resolution procedures beyond standard court jurisdiction
1. Schedule 1 - Property Description: Detailed description of the property including the portions being assigned and retained
2. Schedule 2 - Original Lease: Copy or key terms of the original lease agreement
3. Schedule 3 - Assigned Rights: Detailed list of rights and obligations being assigned
4. Schedule 4 - Retained Rights: Detailed list of rights and obligations being retained by the assignor
5. Schedule 5 - Plan: Floor plan or property plan showing assigned and retained areas
6. Schedule 6 - Rent and Payment Details: Breakdown of rent and other payment obligations between parties
7. Appendix A - Landlord's Consent Letter: Formal written consent from the landlord for the partial assignment
Relevant legal definitions
Assigned Premises
Assigned Rights
Assignee
Assignor
Assignment Date
Common Areas
Completion Date
Consent
Effective Date
Landlord
Lease Period
Original Lease
Original Lease Date
Parties
Permitted Use
Property
Registered Office
Rent
Retained Premises
Retained Rights
Security Deposit
Service Charges
Shared Facilities
Stamp Duty
Term
Transfer of Property Act
Utilities
Assigned Rights
Assignee
Assignor
Assignment Date
Common Areas
Completion Date
Consent
Effective Date
Landlord
Lease Period
Original Lease
Original Lease Date
Parties
Permitted Use
Property
Registered Office
Rent
Retained Premises
Retained Rights
Security Deposit
Service Charges
Shared Facilities
Stamp Duty
Term
Transfer of Property Act
Utilities
Clauses
Assignment
Landlord's Consent
Consideration
Rights Division
Covenants
Registration
Property Use
Rent and Payments
Security Deposit
Insurance
Maintenance and Repair
Utilities
Common Areas
Access Rights
Alterations
Compliance
Indemnification
Default
Termination
Force Majeure
Notices
Severability
Entire Agreement
Governing Law
Dispute Resolution
Stamp Duty
Costs
Further Assurance
Representations and Warranties
Succession
Landlord's Consent
Consideration
Rights Division
Covenants
Registration
Property Use
Rent and Payments
Security Deposit
Insurance
Maintenance and Repair
Utilities
Common Areas
Access Rights
Alterations
Compliance
Indemnification
Default
Termination
Force Majeure
Notices
Severability
Entire Agreement
Governing Law
Dispute Resolution
Stamp Duty
Costs
Further Assurance
Representations and Warranties
Succession
Relevant Industries
Real Estate
Retail
Commercial Property
Office Space Management
Manufacturing
Hospitality
Warehousing and Logistics
Healthcare
Education
Professional Services
Relevant Teams
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Property Management
Corporate Services
Administration
Relevant Roles
Real Estate Manager
Property Manager
Facilities Director
Legal Counsel
Commercial Lease Manager
Operations Manager
Business Development Manager
Chief Financial Officer
Asset Manager
Compliance Officer
Real Estate Director
Corporate Services Manager
Space Planning Manager
Find the exact document you need
Assignment And Transfer Of Partnership Rights
An Indian law-compliant agreement for transferring partnership rights and interests from one party to another, including associated rights, obligations, and liabilities.
find out more
Assignment On Intellectual Property Rights
An Indian law-governed agreement for transferring intellectual property rights from an Assignor to an Assignee, ensuring complete and legally compliant transfer of IP ownership.
find out more
Shop Ownership Transfer Agreement
An Indian law-governed agreement facilitating the complete transfer of shop ownership, including property rights, business assets, and operational responsibilities from seller to buyer.
find out more
Trademark Assignment
An Indian law-governed agreement for transferring trademark ownership rights from one party to another, requiring registration with the Indian Trademark Registry.
find out more
Confirmatory Patent Assignment
An Indian law-compliant document that confirms and formalizes a previous transfer of patent rights between parties, ensuring clear title and legal compliance.
find out more
Money Transfer Contract
An Indian law-governed agreement establishing terms for monetary transfers between parties, ensuring regulatory compliance and defining transfer mechanics.
find out more
Transfer Contract
An Indian law-governed agreement facilitating the formal transfer of assets, property, or rights between parties, ensuring legal compliance and protection of interests.
find out more
Assignment Of Intellectual Property Rights
An Indian law-governed agreement for transferring intellectual property rights from one party to another, ensuring legal compliance and protection of transferred IP assets.
find out more
Employee Transfer Agreement
An India-compliant agreement facilitating the formal transfer of an employee between employers while maintaining employment rights and benefits.
find out more
Business Asset Transfer Agreement
An Indian law-governed agreement for the transfer of business assets between entities, detailing terms of sale, asset specifics, and transfer mechanics.
find out more
Simple Business Sale Agreement
An Indian law-governed agreement for the sale and purchase of a business, outlining key terms and conditions for ownership transfer.
find out more
Partial Assignment Of Lease
An Indian law-compliant agreement that enables the transfer of partial lease rights from an existing tenant to a new tenant while maintaining certain rights with the original tenant.
find out more
Note Transfer Agreement
An Indian law-governed agreement facilitating the transfer of a promissory note from one holder to another, including terms of transfer and associated rights.
find out more
Interest Transfer Agreement
An Indian law-governed agreement facilitating the transfer of interests in property, assets, or rights between parties, ensuring compliance with local registration and stamp duty requirements.
find out more
Equity Transfer Contract
An Indian law-governed agreement for the transfer of equity shares between parties, detailing terms, conditions, and regulatory compliance requirements.
find out more
Domain Transfer Agreement
An Indian law-governed agreement facilitating the legal transfer of domain name ownership between parties, ensuring compliance with both domestic IT laws and international domain policies.
find out more
Business Transfer Of Ownership Contract
An Indian law-governed agreement facilitating the complete transfer of business ownership from one party to another, including assets, employees, and liabilities.
find out more
Business Lease Transfer Agreement
An Indian law-governed agreement facilitating the transfer of commercial lease rights and business interests between lessees, with landlord's consent.
find out more
Assignment Of Sublease
A legal document under Indian law that transfers sublease rights and obligations from an existing subtenant to a new subtenant, requiring proper registration and compliance with property laws.
find out more
Assignment Of Limited Partnership Interest
An Indian law-governed agreement for transferring limited partnership interests from one party to another, compliant with Indian partnership legislation.
find out more
Brand Transfer Agreement
An Indian law-governed agreement for transferring ownership of brand assets, including trademarks and associated intellectual property rights, from one entity to another.
find out more
Facility Transfer Agreement
An Indian law-governed agreement facilitating the comprehensive transfer of facility ownership and operational control between entities, ensuring regulatory compliance and structured transition.
find out more
Small Business Transfer Agreement
An Indian law-governed agreement facilitating the complete transfer of a small business from seller to buyer, including assets, operations, and liabilities.
find out more
Loan Takeover Agreement
An agreement governed by Indian law that facilitates the transfer of an existing loan facility from one lender to another, including associated rights and obligations.
find out more
Assignment And Transfer Of Copyright
An Indian law-governed agreement for transferring copyright ownership from one party to another, compliant with the Indian Copyright Act, 1957.
find out more
Transfer Of Property Rights Agreement
An Indian law-compliant agreement facilitating the legal transfer of property rights between parties, governed by the Transfer of Property Act, 1882.
find out more
Software Source Code Transfer Agreement
An Indian law-governed agreement for transferring ownership and rights of software source code between parties, including all associated intellectual property rights.
find out more
Intercompany Employee Transfer Agreement
An India-compliant agreement governing temporary employee transfers between related companies, addressing employment terms, benefits, and regulatory requirements.
find out more
Assignment Of Lease Contract
An Indian law-compliant agreement that transfers lease rights from an existing tenant to a new tenant, with landlord's consent and necessary legal safeguards.
find out more
Assignment Of Interest Agreement
An Indian law-governed agreement facilitating the transfer of rights, titles, or interests from an Assignor to an Assignee, with associated terms and conditions.
find out more
Promissory Note Transfer Agreement
An Indian law-governed agreement documenting the transfer of a promissory note from one holder to another, ensuring legal compliance and enforceability.
find out more
Music Copyright Transfer Agreement
An Indian law-governed agreement for transferring copyright ownership of musical works, compliant with the Indian Copyright Act, 1957, and its amendments.
find out more
Agreement To Transfer Shares Of Private Limited Company
An Indian law-governed agreement facilitating the transfer of shares between parties in a private limited company, ensuring compliance with the Companies Act, 2013.
find out more
Vehicle Ownership Transfer Agreement
A legally binding agreement for vehicle ownership transfer in India, compliant with the Motor Vehicles Act and state regulations.
find out more
Assignment Of Lease By Landlord
An Indian law-compliant document transferring a landlord's lease rights and obligations to a new landlord while preserving existing tenant arrangements.
find out more
Stock Transfer Restriction Agreement
An Indian law-governed agreement that establishes restrictions and procedures for share transfers in private companies, protecting existing shareholders' interests.
find out more
Software Ownership Transfer Agreement
An Indian law-governed agreement for transferring complete ownership rights of software, including IP rights, source code, and related assets.
find out more
Simple IP Assignment Agreement
An Indian law-governed agreement for transferring intellectual property rights from one party to another, ensuring legal compliance and clear ownership transfer.
find out more
Project Transfer Agreement
An Indian law-governed agreement facilitating the transfer of a project between entities, including assets, liabilities, and associated rights and obligations.
find out more
Transfer Of Land Ownership Agreement
An Indian law-compliant agreement facilitating the legal transfer of land ownership between parties, incorporating essential transfer terms and regulatory requirements.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)