The Assignment Of Lease From Seller To Buyer is a crucial document in New Zealand property transactions where an existing tenant wishes to transfer their leasehold interest to another party. This document is commonly used in business sales, restructuring, or when a tenant needs to exit a lease arrangement before its natural expiration. Operating under New Zealand jurisdiction, particularly the Property Law Act 2007 and related legislation, it ensures a smooth and legally compliant transfer of lease obligations. The document typically includes detailed information about the original lease, parties involved, terms of assignment, landlord's consent, and any special conditions or obligations. It's essential for protecting all parties' interests and maintaining clear records of the lease transfer for legal and practical purposes.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies all parties: the existing lessee (Assignor), the new lessee (Assignee), and the Landlord
2. Background: Outlines the existing lease details, including original lease date, property description, and current status
3. Definitions: Defines key terms used throughout the document
4. Assignment: Core clause that transfers the lease from Assignor to Assignee
5. Effective Date: Specifies when the assignment takes effect
6. Assignor's Covenants: Assignor's warranties and obligations regarding the lease status and assignment
7. Assignee's Covenants: Assignee's commitments to comply with lease terms and obligations
8. Landlord's Consent: Confirmation of the Landlord's approval of the assignment
9. Costs: Allocation of legal and other costs related to the assignment
10. Execution: Formal signing section with necessary attestations
1. Guarantor Provisions: Include when there are guarantors for the Assignee's obligations
2. Outstanding Breaches: Include if there are any existing lease breaches that need to be addressed
3. Rent and Outgoings Apportionment: Include if there needs to be a specific agreement about how rent and expenses are divided between Assignor and Assignee
4. Security Deposit Transfer: Include if there is a bond or security deposit to be transferred
5. Condition of Premises: Include if specific premises condition issues need to be addressed
6. GST Provisions: Include detailed GST clauses if either party is GST registered
1. Schedule 1 - Lease Details: Copy or summary of key lease terms including rent, term, and permitted use
2. Schedule 2 - Property Description: Detailed description of the leased premises including any plans or drawings
3. Schedule 3 - Inventory: List of any fixtures, fittings or equipment included in the lease assignment
4. Appendix A - Original Lease: Copy of the original lease document and any variations
5. Appendix B - Landlord's Consent: Formal written consent from the Landlord if provided as separate document
6. Appendix C - Condition Report: Current condition report of the premises if required
Find the exact document you need
Debt Assumption Agreement
A New Zealand law-governed agreement that transfers debt obligations from an original debtor to a new debtor, with creditor consent.
Download
Assignment Assumption Agreement
A New Zealand law-governed agreement that transfers contractual rights and obligations from one party to another, with the original counterparty's consent.
Download
Assignment And Assumption Of Contract
A New Zealand law-governed document that transfers contractual rights and obligations from one party to another, with the original counterparty's consent.
Download
Assignment Assumption And Amendment Agreement
A New Zealand law-governed agreement that combines the assignment of rights, assumption of obligations, and amendments to an existing contract into a single document.
Download
Assignment Of Patent Rights Agreement
A New Zealand law-governed agreement that transfers ownership of patent rights from one party to another, including all associated rights and responsibilities.
Download
Assignment Of Franchise Agreement
A New Zealand law-governed agreement that transfers franchise rights and obligations from an existing franchisee to a new franchisee with franchisor approval.
Download
Assignment Of Lease From Seller To Buyer
A New Zealand legal document that transfers lease rights and obligations from an existing tenant to a new tenant, subject to landlord approval and NZ property law.
Download
Assignment Fee Contract
A New Zealand-governed agreement documenting the transfer of rights or obligations from one party to another in exchange for a fee.
Download
Assignment Of Inventions Agreement
A New Zealand law-governed agreement transferring ownership rights of inventions from an inventor or creator to another party, typically used in commercial and employment contexts.
Download
Assignment Of Claim Agreement
A New Zealand law-governed agreement that transfers legal rights in a claim from an Assignor to an Assignee, including terms, conditions, and consideration for the transfer.
Download
Assignment Of Proceeds Agreement
A New Zealand law-governed agreement enabling the transfer of payment rights from an Assignor to an Assignee, structured under local contract and security interest legislation.
Download
Lease Assignment And Assumption Agreement
A New Zealand law-governed agreement that transfers lease rights and obligations from an existing tenant to a new tenant, with landlord consent.
Download
Contract Assignment Agreement
A New Zealand law-governed agreement that transfers contractual rights and obligations from one party to another.
Download
Assignment Of Rights Agreement
A New Zealand law-governed agreement that transfers specified rights or interests from an Assignor to an Assignee, including terms, conditions, and consideration for the transfer.
Download
Wholesale Assignment Contract
A New Zealand-governed contract facilitating the transfer of wholesale rights, assets, or obligations between business entities.
Download
Transfer Of Lease Agreement To New Landlord
A New Zealand legal document that facilitates the transfer of landlord rights and obligations under an existing lease agreement to a new landlord.
Download
Security Assignment Agreement
A New Zealand law-governed agreement where rights or assets are assigned as security for obligations, creating a registrable security interest under NZ PPSA.
Download
Royalty Assignment Agreement
A New Zealand law-governed agreement that transfers royalty rights from an Assignor to an Assignee, including payment terms and warranties.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it