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Lease Transfer Addendum

Lease Transfer Addendum Template for India

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Key Requirements PROMPT example:

Lease Transfer Addendum

"I need a Lease Transfer Addendum for my commercial office space in Mumbai, where my company is transferring the lease to another business effective March 1, 2025, with the condition that we remain liable for any damages that occurred during our tenancy."

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Document background
The Lease Transfer Addendum is essential when an existing tenant wishes to transfer their lease rights and obligations to a new tenant before the original lease term expires. This document is particularly relevant in the Indian legal context, where such transfers must comply with the Transfer of Property Act, 1882, and various state-specific regulations. The addendum should be used when all parties (landlord, original tenant, and new tenant) have agreed to the transfer in principle and need to formalize the arrangement. It typically includes details about the original lease, effective date of transfer, security deposit arrangements, and confirmation that all original lease terms remain unchanged. The document ensures legal compliance while protecting all parties' interests and is commonly used in both commercial and residential property transactions in India.
Suggested Sections

1. Parties: Identification of all parties: Landlord, Original Tenant (Transferor), and New Tenant (Transferee)

2. Background: Reference to the original lease agreement, its date, and basic terms; reason for transfer

3. Definitions: Key terms used in the addendum including 'Original Lease', 'Transfer Date', 'Premises'

4. Transfer of Lease: Core provision detailing the transfer of rights and obligations from original tenant to new tenant

5. Effective Date: Specification of when the transfer takes effect

6. Landlord's Consent: Express consent of the landlord to the transfer

7. Continuing Obligations: Confirmation that all terms of the original lease remain in force

8. Security Deposit: Handling of existing security deposit and arrangements between parties

9. Representations and Warranties: Statements by all parties regarding their capacity and authority to enter into the agreement

10. Governing Law: Confirmation that Indian law governs the addendum

11. Execution: Signature blocks for all parties

Optional Sections

1. Outstanding Obligations: Used when there are existing dues or obligations that need to be addressed as part of the transfer

2. Condition of Premises: Include when a formal assessment of the property condition at transfer is required

3. Original Tenant's Liability: Used when original tenant retains some liability post-transfer

4. Broker/Agent Involvement: Include if any brokers or agents were involved in arranging the transfer

5. Transfer Fees: Include when there are specific fees associated with the transfer that need to be allocated between parties

6. Utilities and Services: Used when there are specific arrangements needed for transfer of utility accounts or services

Suggested Schedules

1. Schedule A - Original Lease: Copy or key terms of the original lease agreement

2. Schedule B - Property Details: Description of the leased premises

3. Schedule C - Inventory List: List of any fixtures, fittings, or furniture included in the lease transfer

4. Schedule D - Outstanding Payments: Details of any pending dues or payments to be settled

5. Schedule E - Handover Checklist: List of items to be checked during physical handover of premises

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























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Relevant Industries

Real Estate

Commercial Property

Retail

Industrial

Residential Property

Office Space

Manufacturing

Warehousing

Hospitality

Healthcare

Education

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Administration

Compliance

Property Management

Asset Management

Corporate Services

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Corporate Lawyer

Lease Administrator

Asset Manager

Operations Manager

Real Estate Director

Compliance Officer

Property Administrator

Real Estate Coordinator

Business Operations Manager

Tenant Relations Manager

Industries





Teams

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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