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Lease Takeover Agreement
"I need a Lease Takeover Agreement for my commercial office space in Zurich, where my tech company is transferring the remaining 3-year lease to a larger corporation, including the transfer of all installed IT infrastructure and custom office modifications."
1. Parties: Identification of all three parties: Landlord, Original Tenant (Transferor), and New Tenant (Transferee)
2. Background: Context of the existing lease and reason for transfer
3. Definitions: Key terms used throughout the agreement
4. Existing Lease Details: Summary of the original lease agreement including date, premises, and key terms
5. Transfer Agreement: Core terms of the takeover, including effective date and scope of transfer
6. Rent and Other Payments: Confirmation of rent amount, payment terms, and other financial obligations
7. Security Deposit Transfer: Arrangements for transferring or replacing the existing security deposit
8. Landlord's Consent: Express consent of the landlord to the lease transfer
9. Condition of Premises: Current state of the property and acknowledgment by new tenant
10. Representations and Warranties: Statements by all parties regarding their capacity and authority
11. Liabilities and Obligations: Division of responsibilities between original and new tenant
12. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction
13. Signatures: Execution section for all three parties
1. Existing Modifications: Details of any modifications made to the premises by the original tenant, used when alterations exist
2. Outstanding Repairs: List of any pending maintenance or repair issues, included when there are unresolved maintenance matters
3. Utilities and Services: Transfer of utility contracts and services, needed when utilities are in tenant's name
4. Insurance: Transfer or arrangement of insurance obligations, included when tenant insurance is required
5. Existing Disputes: Disclosure of any ongoing disputes, included when there are unresolved issues
6. Sub-tenants: Arrangements regarding existing sub-tenants, if any exist
7. Parking and Storage: Transfer of additional facilities rights, when applicable
8. Break Clause: Special provisions for early termination rights, if applicable to the original lease
1. Original Lease Agreement: Copy of the existing lease agreement and any amendments
2. Inventory List: Detailed list of any fixtures, fittings, or furniture included in the transfer
3. Condition Report: Current condition report with photographs of the premises
4. Payment Schedule: Breakdown of rent, utilities, and other regular payments
5. Security Deposit Calculation: Details of security deposit transfer calculations and arrangements
6. Outstanding Maintenance Log: List of pending maintenance issues and responsibilities
7. Utility Readings: Current meter readings for utilities at transfer date
8. Handover Protocol: Checklist for the physical handover of the premises
Authors
Real Estate
Commercial Property
Residential Property
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Manufacturing
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Property Management
Asset Management
Risk Management
Corporate Services
Property Manager
Real Estate Manager
Facility Manager
Legal Counsel
Corporate Real Estate Manager
Leasing Manager
Operations Manager
Contract Administrator
Asset Manager
Tenant Relations Manager
Real Estate Director
Compliance Officer
Property Administrator
Business Development Manager
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