Assignment Of Lease for New Zealand

Assignment Of Lease Template for New Zealand

A legal document governed by New Zealand law that facilitates the transfer of leasehold interests from an existing tenant (Assignor) to a new tenant (Assignee), with the landlord's consent. This document ensures compliance with the Property Law Act 2007 and other relevant New Zealand legislation, establishing the rights, obligations, and liabilities of all parties involved in the lease assignment. It includes provisions for the transfer of tenant obligations, handling of security deposits, and ongoing responsibilities of all parties, while ensuring the original lease terms remain intact.

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.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Assignment Of Lease

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Assignment Of Lease?

An Assignment Of Lease is a crucial document used in New Zealand property transactions when a tenant wishes to transfer their entire interest in a lease to another party. This document is essential for compliance with New Zealand property law, particularly the Property Law Act 2007 and, where applicable, the Residential Tenancies Act 1986. It's commonly used when businesses are sold with existing lease arrangements, when tenants need to relocate, or during corporate restructuring. The assignment transfers all rights and obligations under the original lease to the new tenant, while typically maintaining the original lease terms. The document requires careful consideration of existing lease conditions, landlord's consent requirements, and any specific conditions attached to the assignment approval.

What sections should be included in a Assignment Of Lease?

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

What sections are optional to include in a Assignment Of Lease?

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

What schedules should be included in a Assignment Of Lease?

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

New Zealand

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Relevant Industries

Real Estate

Commercial Property

Retail

Industrial

Hospitality

Healthcare

Professional Services

Education

Residential Property

Agriculture

Relevant Teams

Legal

Property Management

Operations

Facilities

Real Estate

Risk & Compliance

Corporate Services

Administration

Asset Management

Lease Management

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Videography Contract

A New Zealand-compliant contract governing professional videography services, outlining service terms, deliverables, and legal obligations between videographers and clients.

find out more

Warrant Agreement

A New Zealand-governed agreement establishing terms for the purchase of securities at a predetermined price and time period, compliant with local financial markets legislation.

find out more

Triple Net Lease Agreement

A New Zealand-compliant commercial lease agreement where tenant pays all property operating expenses including taxes, insurance, and maintenance in addition to base rent.

find out more

Surety Agreement

A New Zealand law-governed agreement where a guarantor assumes responsibility for another party's obligations or debts to a creditor.

find out more

Subscription Agreement

New Zealand-governed agreement establishing terms and conditions for subscription-based services, detailing service delivery, payment terms, and mutual obligations.

find out more

Sub Tenancy Agreement

A legal agreement under New Zealand law that enables a tenant to rent out all or part of their rental property to a subtenant, establishing rights and obligations for all parties involved.

find out more

Short Term Contract

New Zealand-compliant contract template for fixed-term employment or temporary service arrangements, incorporating all essential elements required under NZ employment law.

find out more

Scheduling Agreement

A New Zealand-governed agreement that establishes terms and conditions for scheduled services or deliveries between parties, including timing, performance requirements, and operational procedures.

find out more

Production Contract

A New Zealand-law governed agreement setting out terms and conditions for production of goods or content, including specifications, quality standards, and delivery requirements.

find out more

Probationary Contract

A New Zealand-compliant employment agreement establishing a probationary period for new employees, outlining terms, conditions, and evaluation criteria.

find out more

Private Road Maintenance Agreement

A New Zealand-compliant agreement establishing maintenance responsibilities and cost-sharing arrangements for shared private roads.

find out more

Purchase Proposal

A formal New Zealand business document outlining proposed terms and conditions for purchasing assets, businesses, or properties under NZ law.

find out more

One Year Contract

A one-year contract template compliant with New Zealand law, designed for fixed-term business relationships.

find out more

Novation Agreement

A New Zealand law-governed agreement that transfers contractual rights and obligations from one party to another with the consent of all involved parties.

find out more

Material Contract

A New Zealand law-governed agreement setting out terms and conditions for the supply of materials, including specifications, quality standards, and commercial terms.

find out more

Installment Contract

A New Zealand-compliant agreement for the purchase of goods or services through scheduled installment payments.

find out more

Labor Contract

A New Zealand-compliant employment agreement establishing terms and conditions between employer and employee under NZ employment law.

find out more

Lease Deed

A New Zealand lease deed establishing formal property rental terms between lessor and lessee under NZ property law.

find out more

Informal Contract

A simplified contract template compliant with New Zealand law, designed for basic commercial and service agreements.

find out more

Individual Contract

New Zealand-compliant individual employment agreement establishing terms and conditions between employer and employee.

find out more

Franchise Agreement

A New Zealand-governed agreement establishing the rights and obligations between a franchisor and franchisee for operating a franchised business.

find out more

Form For Independent Contractor

A New Zealand-compliant agreement establishing terms and conditions for engaging independent contractors, defining services, payments, and maintaining contractor status.

find out more

Encroachment Agreement

A New Zealand law-governed agreement that establishes rights and obligations between property owners regarding structural or physical encroachment on neighboring property.

find out more

Executive Contract

A New Zealand-compliant employment agreement for executive-level appointments, establishing comprehensive terms and conditions for senior management roles.

find out more

Deed Of Lease

A formal legal document under New Zealand law establishing the terms and conditions between a landlord and tenant for the lease of property, executed as a deed.

find out more

Contingency Contract

A New Zealand-governed agreement that establishes conditions for payment or performance based on specific triggering events or outcomes.

find out more

Contractor Form

A New Zealand-compliant agreement establishing terms and conditions for engaging independent contractors, including service scope, payment terms, and legal obligations.

find out more

Consent Agreement

A New Zealand-compliant agreement establishing explicit consent for data handling and specific rights between parties under NZ privacy laws.

find out more

Common Agreement

A standardized legal agreement template for business relationships under New Zealand law, suitable for various commercial transactions.

find out more

Business To Business Contract

A New Zealand-governed business-to-business contract template for establishing commercial relationships between organizations.

find out more

Barter Agreement

A New Zealand-compliant agreement facilitating the direct exchange of goods and/or services between parties without monetary payment.

find out more

Agreement To Lease

A New Zealand-compliant preliminary agreement that establishes the terms and conditions for a future lease between landlord and tenant.

find out more

Master Contract

A New Zealand-law governed framework agreement establishing core terms for ongoing business relationships and future transactions.

find out more

Land Lease Agreement Form

A New Zealand-compliant legal agreement establishing terms and conditions for land lease arrangements between landlord and tenant.

find out more

Basic Ordering Agreement

A New Zealand-governed framework agreement establishing terms and conditions for future orders between parties, streamlining recurring procurement processes.

find out more

Franchise Agreement Draft

A New Zealand-governed agreement establishing the rights and obligations between a franchisor and franchisee for operating a franchised business.

find out more

Engagement Contract

A New Zealand-governed contract establishing an independent contractor relationship between a principal and contractor, defining services, terms, and obligations.

find out more

Contract Agreement Form

A standard contract agreement template compliant with New Zealand law, establishing terms and conditions for business relationships.

find out more

Cross Purchase Buy Sell Agreement

A New Zealand-governed agreement establishing terms and procedures for business owners to purchase each other's interests upon specified trigger events.

find out more

Written Agreement

A formal Written Agreement under New Zealand law that establishes legal rights and obligations between parties, ensuring clear terms and enforceable commitments.

find out more
See more related templates

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

2 Docs LeftAccess Now