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Assignment Of Lease Deed
"I need an Assignment of Lease Deed for transferring my commercial retail lease in Dublin city center to a new tenant, with the assignment planned for March 2025, and including provisions for both a rent deposit and guarantor requirements."
1. Parties: Identifies all parties: the Assignor (current tenant), Assignee (new tenant), and Landlord
2. Background: Recitals explaining the existing lease, the intention to assign, and confirmation of landlord's consent
3. Definitions: Defines key terms used throughout the deed including Property, Lease, Assignment Date, etc.
4. Details of Original Lease: Specifies the date, parties, and key terms of the original lease
5. Consideration: States the payment (if any) made for the assignment
6. Assignment: The operative clause that legally transfers the lease from Assignor to Assignee
7. Assignor's Covenants: Warranties and representations from the Assignor regarding the lease
8. Assignee's Covenants: New tenant's promises to comply with lease terms and obligations
9. Landlord's Consent: Formal documentation of the landlord's agreement to the assignment
10. Registration: Obligations regarding registration of the assignment
11. Execution: Formal signing section including witness requirements
1. Guarantee Provisions: Required when there is a guarantor for the Assignee's obligations
2. Condition Precedents: Used when the assignment is subject to specific conditions being met
3. Rent Apportionment: Needed when dealing with pre-paid rent and service charges
4. Outstanding Breaches: Required when there are existing lease violations that need to be addressed
5. Break Rights: Included when specific termination rights are being transferred or modified
6. VAT Provisions: Required when VAT obligations need to be addressed in commercial property assignments
7. Environmental Provisions: Included for properties with specific environmental concerns or obligations
1. Schedule 1 - Property Description: Detailed description of the property including any plans or maps
2. Schedule 2 - Original Lease: Copy or detailed summary of the original lease document
3. Schedule 3 - Landlord's Consent Letter: Formal consent document from the landlord
4. Schedule 4 - Existing Guarantees: Details of any existing guarantees that will be released or continued
5. Schedule 5 - New Guarantees: Details of any new guarantees being provided by the Assignee
6. Appendix A - Property Plans: Maps, floor plans, or other visual representations of the property
7. Appendix B - Inventory: List of any fixtures, fittings, or equipment included in the assignment
Authors
Real Estate
Commercial Property
Residential Property
Retail
Hospitality
Office Space
Industrial
Healthcare
Education
Professional Services
Legal
Real Estate
Property Management
Facilities
Operations
Asset Management
Risk & Compliance
Finance
Administrative Support
Property Lawyer
Real Estate Manager
Lease Administrator
Property Portfolio Manager
Facilities Manager
Legal Counsel
Conveyancing Solicitor
Commercial Property Director
Asset Manager
Tenant Representative
Property Operations Manager
Real Estate Director
Legal Operations Manager
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