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Assignment Of Lease By Lessor

Assignment Of Lease By Lessor Template for Singapore

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Key Requirements PROMPT example:

Assignment Of Lease By Lessor

"I need an Assignment of Lease by Lessor to transfer my rights as landlord of a commercial property at 123 Orchard Road to ABC Holdings Pte Ltd, with completion scheduled for March 15, 2025, subject to existing tenant's rights and mortgagee consent."

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Document background
The Assignment of Lease by Lessor is a crucial document in Singapore property transactions where a landlord wishes to transfer their interest in a lease while keeping the existing lease terms intact. This document is commonly used in property sales, corporate restructuring, or estate planning scenarios. It must comply with Singapore's property laws and registration requirements, including the Conveyancing and Law of Property Act and Land Titles Act. The assignment transfers all rights, titles, and interests of the current lessor to the assignee, while ensuring the tenant's position remains unchanged.
Suggested Sections

1. Parties: Identifies and defines the assignor (current lessor), assignee (new lessor), and existing tenant

2. Background: Details of original lease, reason for assignment, and current status

3. Definitions: Key terms used throughout the document

4. Assignment: Core terms of the assignment including property details and effective date

5. Consideration: Details of payment or other consideration for the assignment

6. Assignor's Covenants: Warranties and obligations of the current lessor

7. Execution: Signing requirements and witness details

Optional Sections

1. Mortgagee Consent: Required if property is mortgaged - include when there is an existing mortgage on the property

2. Property Management Terms: Special conditions for property management - include for complex commercial properties

3. Service Charge Provisions: Details of service charge arrangements - include for properties with service charge components

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property including lot number, floor area, etc.

2. Schedule 2 - Original Lease: Copy or details of the original lease agreement

3. Schedule 3 - Existing Tenancies: List and details of current tenancies affecting the property

4. Appendix A - Plans: Property plans and drawings where relevant

5. Appendix B - Consents: Copies of relevant consents (mortgagee, authority, etc.)

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
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Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations, including specific requirements for contracts relating to land and property transactions

Conveyancing and Law of Property Act (Cap. 61): Key legislation establishing legal requirements for property transactions and specific provisions relating to leases and their assignments

Land Titles Act (Cap. 157): Legislation governing registration requirements for leasehold interests and requirements for dealings with registered land

Stamp Duties Act (Cap. 312): Legislation determining stamp duty obligations for lease assignments and timeline requirements for stamping of documents

Singapore Law Society's Conditions of Sale: Standard provisions and guidelines established by the Law Society for property transactions in Singapore

Building Maintenance and Strata Management Act: Legislation relevant when the property is part of a strata development, governing management and maintenance obligations

SLA Registration Requirements: Specific registration requirements and procedures mandated by the Singapore Land Authority for lease assignments

Consent Requirements: Various consent requirements including those from mortgagees and relevant authorities before proceeding with lease assignment

Notice Requirements: Mandatory notice requirements to existing tenants regarding the assignment of lease

Planning and Zoning Regulations: Compliance requirements with local planning laws and zoning regulations affecting the property

Document Execution Requirements: Specific requirements for proper execution of assignment documents including witnessing and attestation requirements

Registration Format Requirements: Specific format and content requirements for documents to be accepted for registration with relevant authorities

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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