An Assignment Of Residential Lease is essential when a tenant wishes to transfer their lease to another party before the original lease term expires. This document, compliant with Singapore property law, formally transfers all rights, obligations, and liabilities under the existing lease to the new tenant. It includes crucial details such as property information, payment terms, and specific conditions of the assignment. The document is particularly relevant in Singapore's dynamic residential property market, where lease assignments are common but must strictly comply with local regulations, including HDB rules where applicable.
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1. Parties: Details of current tenant (assignor), new tenant (assignee), and landlord
2. Background: Details of original lease and circumstances of assignment
3. Definitions: Key terms used throughout the document including Property, Original Lease, Assignment Date
4. Assignment: Core clause transferring rights and obligations under the lease
5. Consideration: Payment details for the assignment
6. Assignor's Covenants: Warranties and obligations of the outgoing tenant
7. Assignee's Covenants: New tenant's commitments to comply with lease terms
8. Completion: Details of completion requirements and timing
9. Execution: Signature blocks and execution requirements
1. Landlord's Consent: Required if original lease mandates landlord approval for assignment
2. Security Deposit Transfer: Arrangements for transfer of existing security deposit between parties
3. Property Condition: Statement of current condition and any existing defects
4. HDB Compliance: Additional provisions for HDB properties if applicable
1. Schedule 1 - Original Lease: Copy of the original lease being assigned
2. Schedule 2 - Property Details: Full description of the property including floor plan and address
3. Schedule 3 - Inventory: List of fixtures, fittings and furnishings included in the assignment
4. Schedule 4 - Landlord's Consent Letter: Written approval from landlord for the assignment (if required)
5. Schedule 5 - Outstanding Rent and Charges: Statement of any outstanding amounts under the lease
Relevant legal definitions
Agreement
Assignment
Assignor
Assignee
Landlord
Property
Original Lease
Lease Term
Assignment Date
Completion Date
Consideration
Effective Date
Existing Security Deposit
Fixtures and Fittings
Lease Obligations
Permitted Use
Premises
Rent
Security Deposit
Service Charge
Stamp Duty
Term
Transfer Date
Utilities
Working Day
Assignment
Assignor
Assignee
Landlord
Property
Original Lease
Lease Term
Assignment Date
Completion Date
Consideration
Effective Date
Existing Security Deposit
Fixtures and Fittings
Lease Obligations
Permitted Use
Premises
Rent
Security Deposit
Service Charge
Stamp Duty
Term
Transfer Date
Utilities
Working Day
Clauses
Interpretation
Assignment
Consideration
Consent and Approval
Warranties
Covenants
Security Deposit
Property Condition
Handover
Outgoings and Utilities
Insurance
Repairs and Maintenance
Registration
Stamp Duty
Default and Remedies
Notices
Further Assurance
Costs
Severability
Entire Agreement
Amendment
Governing Law
Dispute Resolution
Third Party Rights
Counterparts
Execution
Assignment
Consideration
Consent and Approval
Warranties
Covenants
Security Deposit
Property Condition
Handover
Outgoings and Utilities
Insurance
Repairs and Maintenance
Registration
Stamp Duty
Default and Remedies
Notices
Further Assurance
Costs
Severability
Entire Agreement
Amendment
Governing Law
Dispute Resolution
Third Party Rights
Counterparts
Execution
Relevant Industries
Relevant Teams
Relevant Roles
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