Assignment Of Sublease Template for United Arab Emirates

1. Security Deposit Transfer: Required when there is an existing security deposit to be transferred or replaced

2. Outstanding Payments: Include when addressing any pending rent, service charges, or other payments

3. Condition of Premises: Optional section documenting the current state of the property if relevant to the assignment

4. Guarantees: Required when there are existing guarantees to be transferred or new guarantees to be provided

5. Break Rights: Include when specific break options are being transferred or modified

6. Fit-out Works: Required when there are ongoing or planned modification works to be addressed

7. VAT Provisions: Include for commercial properties where VAT implications need to be addressed

1. Schedule 1 - The Property: Detailed description of the leased premises including floor plans and specifications

2. Schedule 2 - The Head Lease: Copy or key terms of the head lease

3. Schedule 3 - The Sublease: Copy or key terms of the existing sublease being assigned

4. Schedule 4 - Consent Documentation: Copies of consent letters from head landlord and other relevant parties

5. Schedule 5 - Outstanding Matters: List of any pending obligations, payments, or issues to be resolved

6. Appendix A - Property Handover Form: Document recording the condition and inventory of the property at assignment

7. Appendix B - Registration Requirements Checklist: List of documents and steps required for legal registration