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1. Parties: Identifies all parties: Assignor (current tenant), Assignee (new tenant), and often the Landlord as consenting party
2. Background: Recitals explaining the existing tenancy, the intention to assign, and any required landlord's consent
3. Definitions: Defines key terms used throughout the deed including Property, Original Lease, Assignment Date, etc.
4. Assignment: Core provision transferring all rights, title and interest in the tenancy from Assignor to Assignee
5. Consideration: States the amount paid by the Assignee to the Assignor for the assignment
6. Assignor's Covenants: Warranties and representations by the Assignor regarding the tenancy and property
7. Assignee's Covenants: Assignee's promises to comply with the original lease terms and obligations
8. Completion: Details of when and how the assignment will be completed
9. Execution: Formal execution block meeting Hong Kong deed requirements
1. Landlord's Consent: Required if the original lease requires landlord's consent for assignment - includes specific conditions of consent
2. Security Deposit: Include when there's a transfer or replacement of security deposit between parties
3. Costs and Stamp Duty: Include when there's a need to specify responsibility for assignment costs and stamp duty
4. Outstanding Payments: Include when addressing any rent, utilities, or other payments that need to be prorated or settled
5. Condition of Premises: Include when specific arrangements about property condition or inventory need to be documented
6. Further Assurance: Optional clause requiring parties to execute additional documents if needed
7. Governing Law and Jurisdiction: While Hong Kong law governs, this section can be included to explicitly state jurisdiction
1. Schedule 1 - The Property: Detailed description of the property including address and identifying details
2. Schedule 2 - The Original Lease: Details of the original lease including date, parties, and key terms
3. Schedule 3 - Inventory: List of fixtures, fittings, and furniture included in the assignment if applicable
4. Schedule 4 - Outstanding Amounts: Details of any outstanding rent, utilities, or other payments to be settled
5. Appendix A - Copy of Original Lease: Annexed copy of the original lease document
6. Appendix B - Landlord's Consent Letter: If applicable, the formal consent from the landlord
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