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Lease Transfer Agreement Form
"I need a Lease Transfer Agreement Form for a commercial warehouse in Riyadh, Saudi Arabia, where I want to transfer my existing 5-year lease to a new tenant effective March 1, 2025, with the requirement that they maintain the existing security systems and staff."
1. Parties: Identification of all parties involved: Original Tenant (Transferor), New Tenant (Transferee), and Landlord
2. Background: Context of the original lease and the intention to transfer, including reference to the original lease agreement
3. Definitions: Key terms used throughout the agreement, including Property, Original Lease, Transfer Date, etc.
4. Transfer of Lease: Core provision transferring the lease from Transferor to Transferee
5. Effective Date: Specific date when the transfer becomes effective
6. Landlord's Consent: Explicit statement of the Landlord's consent to the transfer
7. Property Details: Detailed description of the leased property being transferred
8. Rent and Other Payments: Details of rent, payment schedule, and other financial obligations
9. Transferor's Warranties: Warranties regarding the lease status, payments, and property condition
10. Transferee's Covenants: New tenant's commitments to comply with original lease terms
11. Handover Provisions: Process and requirements for physical handover of the property
12. Governing Law: Confirmation of Saudi law application and Sharia compliance
13. Execution: Signature blocks and execution requirements
1. Security Deposit Transfer: Terms for transferring the existing security deposit, used when there is a deposit to be transferred
2. Broker Provisions: Include when a real estate broker is involved in facilitating the transfer
3. Guarantor Provisions: Required when there are guarantors for either the original or new tenant
4. Maintenance Obligations: Specific maintenance terms if different from original lease
5. Utilities Transfer: Provisions for transferring utility accounts, needed for properties with separate utility accounts
6. Commercial License: Include for commercial property transfers requiring business licenses
7. Force Majeure: Optional clause for unforeseen circumstances affecting the transfer
8. Dispute Resolution: Specific dispute resolution procedures, if different from standard court proceedings
1. Schedule 1 - Original Lease Agreement: Copy of the original lease agreement being transferred
2. Schedule 2 - Property Details: Detailed description of the property, including floor plans and photographs
3. Schedule 3 - Inventory List: List of any fixtures, fittings, or furniture included in the transfer
4. Schedule 4 - Condition Report: Current condition of the property at time of transfer
5. Schedule 5 - Payment Schedule: Detailed breakdown of rent and other payments
6. Appendix A - Required Documents: Copies of required identification documents, licenses, and certificates
7. Appendix B - Landlord's Consent Letter: Formal written consent from the landlord
8. Appendix C - Ejar Registration Details: Documentation of registration in the Ejar system
Authors
Original Lease
Property
Premises
Transferor
Transferee
Landlord
Transfer Date
Effective Date
Completion Date
Rent
Security Deposit
Permitted Use
Term
Remaining Term
Lease Obligations
Ejar Registration
Utilities
Common Areas
Service Charges
Transfer Fee
Outstanding Payments
Handover Date
Handover Protocol
Original Lease Date
Business Day
Force Majeure Event
Governmental Authority
Applicable Laws
Sharia Principles
Municipal Regulations
Property Manager
Guarantor
Broker
Fixtures and Fittings
Building
Unit Number
Maintenance Obligations
Payment Date
Default Interest
Relevant Documents
Interpretation
Definitions
Transfer of Lease
Consideration
Consent
Property Description
Term
Rent and Payments
Security Deposit
Warranties
Representations
Covenants
Compliance
Assignment
Registration
Property Condition
Handover
Utilities
Insurance
Maintenance
Default
Termination
Force Majeure
Notices
Confidentiality
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Costs
Indemnification
Third Party Rights
Counterparts
Language
Time of Essence
Waiver
Further Assurance
Succession
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Office Space
Hospitality
Healthcare
Education
Warehousing
Manufacturing
Legal
Real Estate
Facilities Management
Operations
Compliance
Risk Management
Property Management
Asset Management
Contract Administration
Business Development
Real Estate Manager
Property Manager
Legal Counsel
Facilities Manager
Contract Administrator
Lease Administrator
Real Estate Agent
Property Consultant
Compliance Officer
Risk Manager
Operations Manager
Asset Manager
Business Development Manager
Tenant Relations Manager
Real Estate Broker
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