Document background
The Assignment Of Rental Agreement is a crucial document used when an existing tenant needs to transfer their lease obligations to another party in the UAE. This document becomes necessary during business restructuring, relocation, or when personal circumstances require a tenant to exit a lease early while ensuring another party takes over the remaining term. The agreement must comply with UAE Federal Law and emirate-specific regulations, particularly in Dubai and Abu Dhabi where specific registration requirements exist. It includes detailed provisions for the transfer of rights, responsibilities, and financial obligations, while ensuring the landlord's interests are protected. The document requires careful consideration of local tenancy laws and often needs registration with relevant authorities such as RERA in Dubai.
