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Assignment And Sublease
"I need an Assignment and Sublease document for transferring my commercial office lease to a new tenant from March 2025, with specific provisions for shared IT infrastructure and a guarantor requirement for the incoming tenant."
1. Parties: Details of the assignor, assignee, and landlord
2. Background/Recitals: Context of the original lease and reason for assignment/sublease
3. Definitions: Key terms used throughout the document including Property, Lease, Term, Rent
4. Assignment/Sublease Grant: The formal transfer or grant of the leasehold interest
5. Consideration: Details of payment or premium for the assignment/sublease
6. Covenants and Obligations: Responsibilities of each party post-assignment/sublease
7. Registration Requirements: Obligations regarding registration at Land Registry
1. Guarantee Provisions: Required when there's a guarantor for the assignee - use when assignee's covenant strength requires additional security
2. Authorised Guarantee Agreement: Assignor's continuing liability - use when required by the original lease terms
3. Landlord's Consent: Specific conditions imposed by landlord - use when landlord's consent contains additional requirements
1. Original Lease: Copy of the lease being assigned/from which sublease derives
2. Property Plans: Plans showing the demised premises
3. Rent Schedule: Details of rent payments and review dates
4. Condition Schedule: Current condition of the property (if relevant)
5. Landlord's Consent: Copy of formal consent document
6. Title Documents: Relevant Land Registry official copies
Authors
Assignee
Landlord
Property
Original Lease
Assignment Date
Completion Date
Term
Rent
Premium
Permitted Use
Service Charge
Insurance Rent
Consent
Guarantor
Lease Covenants
Outgoings
Planning Acts
Premises
VAT
Working Day
Title Matters
Contractual Term
Landlord's Covenants
Tenant's Covenants
Register of Title
Authorised Guarantee Agreement
Security Interest
Competent Authority
Encumbrances
Assignment/Grant
Consideration
Registration
Title Matters
Landlord's Consent
Tenant Covenants
Rent and Payments
Guarantees
Property Condition
Insurance
Alienation
Alterations
Permitted Use
Service Charge
Repair and Maintenance
Statutory Compliance
VAT
Notices
Entire Agreement
Third Party Rights
Severance
Governing Law
Jurisdiction
Mutual Covenants
Registration Requirements
Indemnities
Costs
Authorised Guarantee Provisions
Further Assurance
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