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Assignment Of Lease By Landlord
"I need an Assignment Of Lease By Landlord to transfer my commercial property at 123 Oxford Street to a new landlord, effective from March 1st 2025, with specific provisions for handling existing service charge arrangements and tenant deposits."
1. Parties: Details of the current landlord (assignor), new landlord (assignee), and current tenant
2. Background: Details of the existing lease and reason for assignment
3. Definitions: Key terms used throughout the document including references to relevant legislation
4. Assignment: Core provisions transferring the landlord's interest
5. Warranties: Assignor's warranties regarding the lease and property
6. Completion Requirements: Steps required to complete the assignment
1. Service Charge Provisions: Required if there are ongoing service charge arrangements for multi-unit properties with shared services
2. Management Obligations: Transfer of management responsibilities for properties with significant management requirements
3. VAT Provisions: VAT treatment of the assignment when the property is VAT-opted
1. Schedule 1 - The Property: Detailed description of the property being assigned
2. Schedule 2 - The Lease: Copy or details of the existing lease
3. Schedule 3 - Outstanding Rent: Details of any rent arrears or prepayments
4. Appendix 1 - Property Plans: Plans showing the property boundaries and common areas
5. Appendix 2 - Tenant Notices: Copies of notices to be served on tenants
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