The Assignment Of Lease Landlord To Landlord is a crucial document used in UAE real estate transactions when the ownership of a leased property changes hands while maintaining an existing tenant's lease agreement. This document is essential in situations such as property sales, corporate restructuring, or portfolio transfers where the original landlord wishes to transfer their rights and obligations to a new landlord. It must comply with UAE Federal Law and specific emirate regulations, particularly regarding property transactions and tenant rights. The document includes provisions for the transfer of security deposits, outstanding rent, and ongoing obligations, while ensuring proper registration with relevant land departments. It's commonly used in both commercial and residential property transactions throughout the UAE, requiring careful attention to local property laws and registration requirements.
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1. Parties: Details of the current landlord (Assignor), new landlord (Assignee), and identification of the current tenant
2. Background: Details of the existing lease, property description, and context for the assignment
3. Definitions: Definitions of key terms used in the agreement including 'Lease', 'Property', 'Assignment Date', 'Rent'
4. Assignment: Core clause transferring all rights, title, and interest in the lease from Assignor to Assignee
5. Consideration: Details of any payment or consideration for the assignment
6. Warranties and Representations: Assignor's warranties regarding the lease, property, and tenant status
7. Completion Requirements: Steps required to complete the assignment including registration requirements
8. Handover Provisions: Transfer of deposits, documents, and ongoing obligations
9. Governing Law and Jurisdiction: Specification of UAE law and relevant emirate jurisdiction
1. Tenant Acknowledgment: Section for tenant's acknowledgment of the assignment - required if tenant signature is being obtained
2. Property Manager Provisions: Required if there are existing property management arrangements to be transferred
3. VAT Provisions: Required for commercial properties subject to VAT
4. Service Charge Provisions: Required for properties in managed developments with service charge obligations
5. Existing Disputes: Required if there are ongoing disputes or proceedings relating to the lease
1. Schedule 1 - The Property: Detailed description of the property including title deed details
2. Schedule 2 - The Lease: Copy or details of the existing lease being assigned
3. Schedule 3 - Outstanding Rent: Statement of rent paid and any arrears
4. Schedule 4 - Security Deposits: Details of deposits held and transfer arrangements
5. Appendix A - Required Notices: Forms of notices to be sent to tenant and relevant authorities
6. Appendix B - Registration Requirements: Checklist of registration requirements for relevant emirate
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