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1. Parties: Identifies the current tenant (Assignor), the new tenant (Assignee), and the Landlord
2. Background: Outlines the existing lease details, reason for assignment, and confirms landlord's consent
3. Definitions: Defines key terms used throughout the document including 'Lease', 'Premises', 'Assignment Date', etc.
4. Assignment: Core clause that transfers the lease from Assignor to Assignee
5. Consideration: Details any payment made by the Assignee to the Assignor for the assignment
6. Assignor's Obligations: Specifies the Assignor's warranties and ongoing obligations
7. Assignee's Covenants: Assignee's commitment to comply with lease terms and perform tenant obligations
8. Landlord's Consent: Confirmation of the Landlord's agreement to the assignment and any conditions
9. Costs: Allocation of legal and other costs related to the assignment
10. Execution: Formal signing section with execution blocks for all parties
1. Security Deposit Transfer: Used when there's an existing security deposit to be transferred or adjusted
2. Rent Apportionment: Required when assignment occurs mid-rental period to handle pro-rata payments
3. Condition of Premises: Optional section documenting the current state of the premises if relevant to liability allocation
4. Guarantor Provisions: Required when there are guarantors for either the Assignor or Assignee
5. Outstanding Breaches: Used when there are existing lease breaches that need to be addressed
6. GST Provisions: Required for commercial leases where GST implications need to be addressed
1. Schedule 1: Original Lease: Copy or details of the original lease being assigned
2. Schedule 2: Premises Details: Detailed description of the leased premises including address and any plans
3. Schedule 3: Inventory: List of any fixtures, fittings or equipment included in the lease assignment
4. Schedule 4: Existing Guarantees: Details of any existing guarantees that will continue or be replaced
5. Schedule 5: Landlord's Consent Terms: Specific conditions imposed by the landlord for consenting to the assignment
6. Schedule 6: Outstanding Amounts: Statement of any rent, outgoings or other amounts outstanding at assignment date
Consent
Consideration
Representations and Warranties
Indemnification
Security Deposit
Costs and Expenses
GST
Notices
Governing Law
Assignment Date
Condition Precedent
Further Assurance
Entire Agreement
Severability
Waiver
Amendment
Binding Effect
Counterparts
Confidentiality
Dispute Resolution
Force Majeure
Rent and Outgoings
Insurance
Guarantees
Property Maintenance
Compliance with Laws
Default and Remedies
Real Estate
Commercial Property
Retail
Industrial
Hospitality
Healthcare
Professional Services
Education
Residential Property
Agriculture
Legal
Property Management
Operations
Facilities
Real Estate
Risk & Compliance
Corporate Services
Administration
Asset Management
Lease Management
Property Manager
Real Estate Lawyer
Commercial Lawyer
Lease Administrator
Facilities Manager
Real Estate Agent
Business Owner
Corporate Counsel
Operations Manager
Asset Manager
Property Portfolio Manager
Tenant Representative
Legal Counsel
Company Secretary
Risk Manager
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