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1. Parties: Identifies the Assignor (current tenant), Assignee (new tenant), and Landlord
2. Background: Recitals explaining the existing lease agreement, the intention to assign, and the landlord's consent
3. Definitions: Defines key terms used throughout the agreement including Property, Original Lease, Assignment Date, etc.
4. Assignment: Core provision transferring all rights, title and interest in the lease from Assignor to Assignee
5. Consideration: Details of any payment made by the Assignee to the Assignor for the assignment
6. Assignor's Covenants: Warranties and representations by the Assignor regarding the lease status, payments, and property condition
7. Assignee's Covenants: New tenant's obligations to comply with lease terms and perform all tenant obligations
8. Landlord's Consent: Confirmation of the landlord's agreement to the assignment and any conditions attached
9. Effective Date and Handover: Specifies when the assignment takes effect and arrangements for property handover
10. Governing Law: Confirms Hong Kong law governs the agreement and jurisdiction for disputes
1. Security Deposit Transfer: Used when there's an existing security deposit to be transferred or replaced
2. Outstanding Payments: Include when there are any rent arrears, utilities, or other payments to be settled
3. Condition of Premises: Added when specific property conditions need to be acknowledged or addressed
4. Existing Modifications: Required when the property has tenant modifications that need to be addressed
5. Building Rules Compliance: Include for properties in managed buildings with specific rules or requirements
6. Break Clause: Optional provision allowing early termination under specific circumstances
7. Costs and Stamp Duty: Include when parties need to specify responsibility for assignment costs
1. Schedule 1 - Property Details: Detailed description of the property including address and specific inclusions
2. Schedule 2 - Original Lease: Copy or key terms of the original lease being assigned
3. Schedule 3 - Inventory: List of fixtures, fittings, and furniture included in the assignment
4. Schedule 4 - Outstanding Matters: Details of any outstanding rent, utilities, or other payments
5. Schedule 5 - Condition Report: Current condition of the property at time of assignment
6. Appendix A - Landlord's Consent Letter: Formal written consent from the landlord
7. Appendix B - Property Photos: Photographic evidence of property condition at assignment
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