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Assignment Of Rental Agreement
"I need an Assignment of Rental Agreement for my retail shop space in Kuala Lumpur, where I'm transferring my existing 3-year lease to a new tenant effective March 1, 2025, with landlord's consent already obtained."
1. Parties: Identifies the Assignor (current tenant), Assignee (new tenant), and Landlord
2. Background: Recites the existence of the original tenancy agreement, its key terms, and the intention to assign
3. Definitions: Defines key terms used throughout the agreement including 'Assignment Date', 'Premises', 'Original Lease', etc.
4. Assignment: Core clause transferring all rights, title, and interest in the tenancy from Assignor to Assignee
5. Consideration: States any payment or consideration for the assignment
6. Assignee Covenants: Assignee's undertaking to perform all tenant obligations under the original lease
7. Assignor Warranties: Warranties regarding the current status of the lease, outstanding payments, and condition of premises
8. Landlord's Consent: Confirmation of the landlord's approval of the assignment
9. Effective Date: Specifies when the assignment takes effect
10. Governing Law: Confirms Malaysian law governs the agreement
1. Security Deposit Transfer: Details the transfer of security deposit from Assignor to Assignee, used when there's an existing deposit to be transferred
2. Outstanding Payments: Addresses any unpaid rent or utilities, used when there are pending payments to be settled
3. Condition of Premises: Detailed description of property condition, used when specific property issues need to be documented
4. Utilities and Services: Handling of utility accounts and ongoing services, used when there are specific arrangements for utilities transfer
5. Further Assurance: Additional cooperation obligations, used in complex assignments requiring further documentation
6. Broker/Agent Provisions: Details of any broker involvement and fees, used when the assignment involves property agents
1. Schedule 1 - Original Lease: Copy or key terms of the original tenancy agreement being assigned
2. Schedule 2 - Property Details: Detailed description of the premises including address and any included fixtures/fittings
3. Schedule 3 - Inventory List: List of any furniture or items included in the tenancy
4. Schedule 4 - Outstanding Payments: Detailed list of any unpaid rent, utilities, or other charges
5. Schedule 5 - Condition Report: Current condition of the premises with photographs if applicable
6. Appendix A - Landlord's Consent Letter: Written consent from landlord approving the assignment
Authors
Assignee
Assignor
Assignment Date
Completion Date
Consent Letter
Effective Date
Landlord
Lease
Original Lease
Parties
Premises
Property
Rent
Security Deposit
Stamp Duty
Tenancy Period
Term
Transfer Date
Consideration
Permitted Use
Rental Payment Date
Common Areas
Building
Identity Card
Business Registration Number
Utilities
Service Charges
Payment Method
Security Deposit
Outstanding Amounts
Initial Term
Inventory List
Condition Report
Notice Period
Consideration
Consent
Warranties
Representations
Covenants
Security Deposit
Condition of Premises
Utilities
Assignment Date
Payment Terms
Handover
Further Assurance
Indemnification
Governing Law
Notices
Entire Agreement
Severability
Third Party Rights
Costs
Registration
Compliance
Stamp Duty
Default
Remedies
Property Maintenance
Insurance
Access Rights
Force Majeure
Dispute Resolution
Real Estate
Residential Property
Commercial Property
Retail
Hospitality
Office Space
Industrial Property
Education
Healthcare
Professional Services
Legal
Real Estate
Facilities Management
Operations
Administration
Compliance
Property Management
Contract Administration
Corporate Services
Risk Management
Property Manager
Real Estate Agent
Facilities Manager
Legal Counsel
Tenant Relations Manager
Corporate Real Estate Manager
Leasing Administrator
Property Administrator
Contract Manager
Operations Manager
Compliance Officer
Real Estate Director
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