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Lease Transfer Agreement Form
"I need a Lease Transfer Agreement Form for transferring a retail space lease in Jakarta from my company to another local business, with the transfer to take effect from March 1, 2025; the landlord has already given verbal consent but has specific conditions about maintaining the current security deposit arrangement."
1. Parties: Identifies all parties to the agreement: the Landlord, Original Tenant (Transferor), and New Tenant (Transferee), including their complete legal names, addresses, and any registration numbers
2. Background: Recitals explaining the existing lease agreement details, the intention to transfer, and the purpose of this agreement
3. Definitions: Defines key terms used throughout the agreement, including 'Existing Lease', 'Premises', 'Transfer Date', and other relevant terms
4. Transfer of Lease: Core provision detailing the transfer of rights and obligations from Original Tenant to New Tenant
5. Landlord's Consent: Express consent from the landlord for the transfer and any conditions attached to such consent
6. Effective Date and Term: Specifies when the transfer takes effect and confirms the remaining term of the lease
7. Rent and Security Deposit: Details of ongoing rent obligations and handling of existing security deposits
8. Representations and Warranties: Statements by all parties regarding their authority and capacity to enter into the agreement
9. Original Tenant's Obligations: Ongoing obligations or release of the Original Tenant
10. New Tenant's Obligations: Confirmation of assumption of all lease obligations by the New Tenant
11. Governing Law: Confirms Indonesian law as governing law and relevant jurisdiction
12. Execution: Signature blocks and execution requirements for all parties
1. Guarantees: Required when the New Tenant needs to provide additional guarantees or when existing guarantees need to be addressed
2. Condition of Premises: Used when there needs to be a formal record of the premises' condition at transfer
3. Outstanding Violations: Needed when there are existing violations or compliance issues that need to be addressed
4. Broker's Commission: Include when a broker was involved in arranging the transfer
5. Assignment and Subletting: Additional provisions regarding future transfers, if different from the original lease
6. Renovation/Modification Rights: Include when the New Tenant requires specific permissions for alterations
7. Foreign Party Provisions: Required when any party is a foreign entity, addressing specific Indonesian law requirements
1. Schedule A - Original Lease Agreement: Copy of the existing lease agreement being transferred
2. Schedule B - Premises Details: Detailed description of the leased premises, including floor plans and photographs
3. Schedule C - Inventory List: List of any fixtures, fittings, or equipment included in the lease transfer
4. Schedule D - Outstanding Payments: Details of any rent, service charges, or other payments due at the time of transfer
5. Schedule E - Handover Form: Document recording the physical handover of the premises and any keys/access cards
6. Appendix 1 - Required Permits: Copies of relevant permits and licenses associated with the premises
7. Appendix 2 - Parties' Corporate Documents: Corporate authorizations, powers of attorney, and registration documents of all parties
Authors
Real Estate
Retail
Commercial Property
Industrial
Hospitality
Office Space
Manufacturing
Warehousing
Food & Beverage
Healthcare
Education
Technology
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Property Administration
Asset Management
Corporate Services
Risk Management
Property Manager
Real Estate Manager
Legal Counsel
Corporate Lawyer
Facilities Manager
Operations Director
Chief Financial Officer
Business Development Manager
Compliance Officer
Asset Manager
Lease Administrator
Commercial Director
Property Administrator
Real Estate Broker
Tenant Relations Manager
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