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Lease Transfer Agreement
"I need a Lease Transfer Agreement for my retail store in Berlin, transferring my existing 5-year lease to a new tenant effective March 1, 2025, with specific provisions for transferring store fixtures and existing staff contracts."
1. Parties: Identification of the Original Tenant (Transferor), New Tenant (Transferee), and Landlord
2. Background: Context of the original lease and the reason for transfer
3. Definitions: Key terms used throughout the agreement including 'Original Lease', 'Transfer Date', 'Property'
4. Transfer of Lease: Core provision transferring the lease from original tenant to new tenant
5. Effective Date: Specification of when the transfer takes effect
6. Landlord's Consent: Confirmation of landlord's approval of the transfer
7. Transferee's Covenants: New tenant's undertakings to comply with lease terms and obligations
8. Transferor's Warranties: Original tenant's warranties regarding the lease status
9. Handover Arrangements: Process for transferring possession and keys
10. Notices: How and where notices under the agreement should be served
11. Governing Law: Confirmation of German law governance and jurisdiction
1. Security Deposit Transfer: Terms for transferring existing security deposit, used when there is a deposit to be transferred
2. Utilities and Services: Arrangements for transferring utility contracts and services, relevant for residential leases
3. Modifications to Original Lease: Any agreed changes to the original lease terms, included when modifications are being made
4. Outstanding Repairs: Documentation of any pending repairs or maintenance issues, used when there are unresolved maintenance matters
5. Assignment of Warranties: Transfer of any existing warranties or guarantees, relevant for commercial properties
6. Broker Provisions: Terms relating to any broker involvement, included when brokers are involved in the transfer
7. Tax Provisions: Special tax considerations, particularly relevant for commercial properties
1. Schedule 1 - Original Lease: Copy of the original lease agreement and any amendments
2. Schedule 2 - Property Details: Detailed description of the leased property including address and any included fixtures/fittings
3. Schedule 3 - Inventory: List of any furniture or equipment included in the lease transfer
4. Schedule 4 - Condition Report: Current condition of the property at the time of transfer
5. Schedule 5 - Outstanding Amounts: Statement of any rent, utilities, or other payments due at transfer
6. Schedule 6 - Handover Protocol: Detailed procedure for the physical handover of the property
7. Appendix A - Required Certificates: Copies of necessary certificates (e.g., energy performance certificate)
Authors
Real Estate
Commercial Property
Residential Property
Retail
Manufacturing
Office Space
Hospitality
Industrial
Logistics
Healthcare
Education
Legal
Real Estate
Operations
Facilities Management
Property Management
Asset Management
Compliance
Administration
Corporate Services
Risk Management
Property Manager
Real Estate Manager
Facility Manager
Legal Counsel
Corporate Real Estate Manager
Lease Administrator
Asset Manager
Operations Manager
Contract Manager
Compliance Officer
Real Estate Director
Relocation Manager
Housing Officer
Commercial Property Manager
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