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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."
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
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
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
Real Estate
Commercial Property
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Logistics
Manufacturing
Financial Services
Legal
Real Estate
Property Management
Operations
Facilities
Compliance
Risk Management
Contract Administration
Business Development
Asset Management
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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