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Assignment Of Lease Deed Template for Ireland

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Key Requirements PROMPT example:

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."

Document background
The Assignment Of Lease Deed is a crucial legal instrument in Irish property law, used when an existing tenant wishes to transfer their entire interest in a lease to a new tenant. This document is essential for both commercial and residential properties in Ireland, requiring careful consideration of the Land and Conveyancing Law Reform Act 2009 and related legislation. The deed must be properly executed to ensure valid transfer of leasehold interests, including provisions for landlord's consent, registration requirements, and stamp duty obligations. It's particularly important in situations involving business transfers, property portfolio management, or when tenants need to exit their lease obligations early. The document provides security and clarity for all parties by clearly defining the rights, obligations, and responsibilities being transferred.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































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Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Hospitality

Office Space

Industrial

Healthcare

Education

Professional Services

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Operations

Asset Management

Risk & Compliance

Finance

Administrative Support

Relevant Roles

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

Industries







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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