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1. Parties: Identifies the Landlord, Original Tenant (Assignor), and New Tenant (Assignee)
2. Background: Recites the existing tenancy agreement details, reason for assignment, and confirms landlord's consent
3. Definitions: Defines key terms used throughout the agreement including Property, Original Tenancy Agreement, Assignment Date
4. Assignment: Core provision detailing the transfer of rights and obligations from Assignor to Assignee
5. Consideration: States the payment (if any) made by the Assignee to the Assignor for the assignment
6. Assignor's Covenants: Warranties and representations by the Original Tenant regarding the tenancy
7. Assignee's Covenants: New Tenant's undertaking to comply with original tenancy terms and perform obligations
8. Landlord's Consent: Formal statement of Landlord's agreement to the assignment and any conditions attached
9. Effective Date: Specifies when the assignment takes effect
10. Completion Requirements: Lists actions required to complete the assignment including registration and stamp duty
11. Governing Law: Confirms Hong Kong law governs the agreement
12. Execution: Signature blocks for all parties
1. Security Deposit Transfer: Used when the original tenant's security deposit is being transferred or dealt with
2. Outstanding Rent: Include when there are rent arrears or prepayments to be addressed
3. Renovation Works: Required if there are ongoing or planned renovation works that need to be addressed
4. Break Clause: Include if the assignment includes special termination rights
5. Property Management Fees: Include when there are outstanding management fees to be settled
6. Guarantee: Required when the Assignee must provide a guarantor
7. Costs: Include when parties need to specify how legal and registration costs are to be shared
1. Schedule 1 - The Property: Detailed description of the property including address and identifying numbers
2. Schedule 2 - Original Tenancy Agreement: Copy or key terms of the original tenancy agreement being assigned
3. Schedule 3 - Inventory: List of fixtures, fittings, and furniture included in the tenancy
4. Schedule 4 - Outstanding Amounts: Details of any rent, management fees, or utilities to be apportioned
5. Schedule 5 - Conditions of Consent: Any specific conditions imposed by the Landlord for consenting to the assignment
6. Appendix A - Plans: Floor plans or location plans of the property if relevant
7. Appendix B - Photographs: Current condition photographs if required
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