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Lease Transfer Agreement
"I need a Lease Transfer Agreement for transferring a retail store lease in Dubai Mall from my company to a new tenant, with the transfer to take effect from March 1, 2025, including specific provisions for the transfer of existing shop fittings and customer database."
1. Parties: Identification of all parties: Original Tenant (Transferor), New Tenant (Transferee), and Landlord
2. Background: Context of the original lease and circumstances leading to the transfer
3. Definitions: Definitions of key terms used throughout the agreement
4. Transfer of Lease: Core provisions regarding the transfer of rights and obligations under the lease
5. Effective Date: Specification of when the transfer becomes effective
6. Consideration: Details of any payment or consideration for the transfer
7. Landlord's Consent: Confirmation of landlord's approval of the transfer
8. Liabilities and Obligations: Distribution of responsibilities between original tenant and new tenant
9. Security Deposit: Arrangements for transfer or replacement of security deposit
10. Representations and Warranties: Statements of fact and assurances from all parties
11. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction
12. Execution: Signature blocks and execution requirements
1. Condition of Premises: Used when there needs to be a formal record of the property's condition at transfer
2. Outstanding Payments: Include when there are existing utility bills, maintenance charges, or other payments to be addressed
3. Maintenance Obligations: Used when specific maintenance responsibilities need to be allocated
4. Broker Provisions: Include when a real estate broker is involved in the transfer
5. Third Party Approvals: Required when additional approvals beyond the landlord are needed
6. Fit-out and Alterations: Include when there are existing alterations or planned modifications to the premises
7. Registration Requirements: Used when specific registration procedures need to be detailed based on the property's location
1. Original Lease Agreement: Copy of the existing lease agreement being transferred
2. Property Details: Detailed description of the leased premises including location and specifications
3. Inventory List: List of any furniture, fixtures, or equipment included in the transfer
4. Outstanding Payments Schedule: Detailed list of any pending payments or financial obligations
5. Condition Report: Documentation of the premises' condition at the time of transfer
6. Required Permits: Copies of relevant permits, licenses, or regulatory approvals
7. Handover Protocol: Procedure and checklist for the physical handover of the premises
Authors
Original Lease
Property
Premises
Transferor
Transferee
Landlord
Transfer Date
Effective Date
Completion Date
Security Deposit
Rent
Service Charges
Outstanding Payments
Permitted Use
Common Areas
Building
Transfer Consideration
Relevant Authority
RERA
Applicable Laws
Business Day
Completion
Confidential Information
Encumbrances
Force Majeure
Handover Date
Lease Period
Liability
Notice
Party/Parties
Registration
Term
Utilities
Working Hours
Assignment and Novation
Landlord's Consent
Security Deposit
Rent and Payments
Property Condition
Handover
Representations and Warranties
Indemnification
Liability
Insurance
Maintenance and Repairs
Utilities
Registration Requirements
Compliance with Laws
Confidentiality
Force Majeure
Notices
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Costs and Expenses
Further Assurance
Waiver
Third Party Rights
Counterparts
Language
Time of Essence
Real Estate
Retail
Commercial Office
Industrial
Hospitality
Healthcare
Education
Manufacturing
Logistics
Professional Services
Technology
Financial Services
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Administrative
Corporate Services
Property Management
Business Development
Real Estate Manager
Facilities Manager
Legal Counsel
Property Manager
Operations Director
Commercial Director
Compliance Officer
Contract Administrator
Real Estate Agent
Leasing Manager
Chief Financial Officer
Business Development Manager
Office Manager
Corporate Services Manager
Relocation Manager
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