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Deed Of Consent To Assignment Of Lease Template for United Arab Emirates

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Key Requirements PROMPT example:

Deed Of Consent To Assignment Of Lease

"I need a Deed of Consent to Assignment of Lease for a retail space in Dubai Mall, where the current tenant is transferring their lease to a new company; the landlord requires additional security deposits and wants specific trading restrictions included in the consent."

Document background
The Deed of Consent to Assignment of Lease is a crucial document in UAE property transactions where an existing tenant wishes to transfer their lease to another party. This document is required under UAE Civil Code and property laws to formally document the landlord's agreement to such a transfer. It protects all parties' interests by clearly defining rights and obligations, ensuring compliance with local property regulations, and maintaining the integrity of the original lease agreement. The deed typically includes detailed information about the property, parties involved, conditions of the assignment, and any specific requirements for registration with relevant authorities such as RERA in Dubai. It's particularly important in the UAE market where property transactions are heavily regulated and formal documentation is essential for legal enforcement.
Suggested Sections

1. Parties: Identifies all parties: Original Landlord, Original Tenant (Assignor), New Tenant (Assignee), and any guarantors

2. Background: Recitals detailing the original lease, reason for assignment, and context of the consent

3. Definitions: Defines key terms including Property, Lease, Assignment Date, and other relevant terms

4. Consent to Assignment: Formal statement of landlord's consent to the assignment and any conditions attached

5. Effective Date: Specifies when the assignment takes effect

6. Assignor's Covenants: Warranties and obligations of the original tenant

7. Assignee's Covenants: New tenant's undertakings to comply with lease terms and obligations

8. Landlord's Reserved Rights: Preservation of landlord's rights under the original lease

9. Registration Requirements: Provisions for registering the assignment with relevant authorities

10. Governing Law and Jurisdiction: Confirms UAE law governance and jurisdiction

11. Execution: Formal execution blocks for all parties

Optional Sections

1. Guarantee Provisions: Required when there is a new guarantor for the assignee

2. Security Deposit Arrangements: Used when there are specific provisions for transferring or replacing security deposits

3. Condition of Premises: Include when specific acknowledgments about property condition are required

4. Outstanding Obligations: Used when addressing existing breaches or outstanding payments

5. Broker/Agent Acknowledgments: Required when real estate agents are involved in the assignment

6. Post-Assignment Notifications: Include when specific notification requirements to authorities or third parties are needed

7. Release Provisions: Optional release of assignor from future obligations, subject to UAE law requirements

Suggested Schedules

1. Schedule 1 - Original Lease Details: Copy or summary of the original lease agreement and any variations

2. Schedule 2 - Property Description: Detailed description of the leased premises including any plans

3. Schedule 3 - Assignment Terms: Specific terms and conditions of the assignment

4. Schedule 4 - Outstanding Matters: List of any outstanding obligations, payments, or breaches

5. Schedule 5 - Consent Conditions: Any specific conditions imposed by the landlord for giving consent

6. Appendix A - Required Notices: Forms of notices required to be given to authorities or third parties

7. Appendix B - Registration Requirements: Checklist of documents required for registration of the assignment

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Real Estate

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Relevant Teams

Legal

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Compliance

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Contract Administration

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Relevant Roles

Property Manager

Legal Counsel

Real Estate Director

Facility Manager

Commercial Director

Operations Manager

Leasing Manager

Asset Manager

Compliance Officer

Contract Administrator

Real Estate Partner

Property Lawyer

Tenant Coordinator

Business Development Manager

Risk Manager

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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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