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Assignment Of Lease By Landlord

Assignment Of Lease By Landlord Template for Singapore

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Assignment Of Lease By Landlord

"I need an Assignment Of Lease By Landlord to transfer my commercial property lease in Singapore to a new landlord following the sale of my building, with completion scheduled for March 15, 2025, and the existing tenant operates a retail business with 3 years remaining on their lease."

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What is a Assignment Of Lease By Landlord?

The Assignment Of Lease By Landlord is a crucial document used in Singapore real estate transactions when a landlord wishes to transfer their interest in a lease to another party. This document is particularly relevant when properties are sold with sitting tenants or when restructuring property portfolios. It ensures compliance with Singapore's stringent property laws while protecting all parties' interests. The assignment typically includes details of the original lease, property specifications, rental terms, and any existing tenant obligations that will be transferred to the new landlord.

What sections should be included in a Assignment Of Lease By Landlord?

1. Parties: Details of the current landlord (assignor) and the new landlord (assignee)

2. Background: Information about the existing lease and reasons for assignment

3. Definitions: Key terms used throughout the agreement

4. Assignment: Core terms of the assignment including property details and consideration

5. Representations and Warranties: Assignor's confirmations regarding the lease and property

6. Completion: Details of completion date and procedures

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

1. Tenant's Consent: Required if the original lease requires tenant's consent for assignment

2. Mortgagee's Consent: Required if property is mortgaged

3. Tax Provisions: Special tax arrangements between parties when specific tax considerations apply

What schedules should be included in a Assignment Of Lease By Landlord?

1. Schedule 1 - Property Details: Detailed description of the property including address and boundaries

2. Schedule 2 - Original Lease: Copy of the existing lease agreement

3. Schedule 3 - Outstanding Rent: Statement of any rent arrears or prepayments

4. Appendix A - Property Plans: Floor plans and property drawings if applicable

5. Appendix B - Relevant Consents: Copies of third-party consents where required

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

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alex.den.21@genieai.co
Industries

Civil Law Act (Cap. 43): Primary legislation governing contracts and property rights in Singapore. Essential for understanding the fundamental legal framework for lease assignments.

Conveyancing and Law of Property Act (Cap. 61): Key legislation containing provisions for property rights transfer and requirements for valid assignments of property interests.

Land Titles Act (Cap. 157): Governs the registration requirements for leases and the transfer of registered interests in property in Singapore.

Planning Act (Cap. 232): Regulates zoning and land use restrictions, ensuring the assigned property complies with permitted use regulations.

Residential Property Act (Cap. 274): Specific legislation for residential properties, including restrictions on foreign ownership and residential property transactions.

Building Control Act (Cap. 29): Outlines building regulations and property maintenance obligations that must be considered in lease assignments.

Common Law Principles: Relevant case law and principles regarding assignment of contractual rights, landlord-tenant relationships, and notice requirements.

Stamp Duties Act (Cap. 312): Legislation governing stamp duty obligations and requirements for assignment documents.

Rules of Court: Procedural requirements and guidelines for the registration and filing of lease assignment documents.

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

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