The Assignment Of Lease To New Owner is a crucial legal document used in Malaysian property transactions when an existing tenant wishes to transfer their lease rights to a new tenant. This document is essential for businesses and individuals looking to transfer their leasehold interests while ensuring compliance with Malaysian property law, particularly the National Land Code 1965 and the Contracts Act 1950. It's commonly used in situations such as business sales, relocations, or when a tenant needs to exit a lease early. The document must include specific provisions about the transfer of rights and obligations, obtain the landlord's consent, and be properly stamped under the Stamp Act 1949. It protects all parties' interests by clearly defining the terms of assignment, including handling of security deposits, outstanding obligations, and the effective date of transfer.
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聽of your docs
1. Parties: Identifies the Landlord, current tenant (Assignor), and new tenant (Assignee) with their full legal names and addresses
2. Background: Recites the existing lease details, reason for assignment, and confirmation of landlord's consent
3. Definitions: Defines key terms used throughout the document including 'Lease', 'Assignment Date', 'Property', and 'Rent'
4. Assignment: Core provision transferring all rights, title and interest in the lease from Assignor to Assignee
5. Consideration: States the payment or consideration for the assignment
6. Assignor's Warranties: Warranties regarding lease status, no breaches, rent payments up to date, etc.
7. Assignee's Covenants: New tenant's undertaking to comply with lease terms and indemnify Assignor
8. Completion Requirements: Details of what must occur on completion including payment, handover of documents and keys
9. Governing Law: Specifies Malaysian law as governing law and jurisdiction
10. Execution: Formal execution block meeting Malaysian legal requirements
1. Security Deposit Transfer: Required when there is an existing security deposit to be transferred or adjusted
2. Outstanding Repairs: Include when there are specific repair obligations or conditions to be addressed
3. Rental Adjustments: Used when there are rent prepayments or adjustments to be accounted for
4. Service Contracts: Include when there are ongoing service contracts that need to be transferred
5. Landlord's Additional Conditions: Required when the landlord imposes specific conditions for consenting to the assignment
1. Schedule 1 - The Property: Detailed description of the leased property including address and any parking spaces
2. Schedule 2 - The Lease: Copy or key details of the original lease agreement
3. Schedule 3 - Landlord's Consent: Copy of the landlord's written consent to the assignment
4. Schedule 4 - Inventory: List of any fixtures, fittings or furniture included in the assignment
5. Appendix A - Property Plans: Floor plans or property drawings if relevant to the lease
6. Appendix B - Condition Report: Current condition report of the property at time of assignment
Find the exact document you need
Transfer Of Intellectual Property Agreement
A Malaysian law-governed agreement facilitating the complete transfer of intellectual property rights between parties, including associated rights and registration requirements.
Download
Assignment Of Lease To New Owner Form
A Malaysian legal document that transfers lease rights and obligations from an existing tenant to a new tenant, subject to Malaysian property law and landlord consent.
Download
Assignment Letter Contract
A Malaysian employment document that establishes formal terms and conditions between employer and employee, compliant with local employment laws.
Download
Assignment Of License Agreement
A Malaysian law-governed agreement for transferring license rights from an existing licensee to a new licensee, maintaining original license terms.
Download
Short Form Assignment Agreement
A simplified Malaysian law-governed agreement for transferring rights or property from one party to another, suitable for straightforward assignments.
Download
Invention Assignment Agreement
A Malaysian law-governed agreement that transfers invention rights from inventors to their employers or contracting companies, ensuring proper assignment of intellectual property.
Download
Debt Assumption Agreement
A Malaysian law-governed agreement facilitating the transfer of debt obligations from one party to another, with creditor consent.
Download
Assignment Of Sublease
A Malaysian legal document transferring sublease rights and obligations from an existing subtenant to a new subtenant, subject to Malaysian property law requirements.
Download
Assignment Of Security Agreement
A Malaysian law document that transfers rights and interests under an existing security agreement from one party to another, ensuring compliance with local security and registration requirements.
Download
Assignment Of Management Agreement
A Malaysian law-governed agreement that transfers management rights and obligations from one party to another, with the principal's consent.
Download
Assignment Of Debt Agreement
A Malaysian law-governed agreement that transfers debt rights and obligations from one party to another, including all associated rights and enforcement capabilities.
Download
Assignment Of Lease To New Owner
A Malaysian law-compliant document that transfers lease rights and obligations from an existing tenant to a new tenant, requiring landlord's consent and proper legal execution.
Download
Assign Tenancy Agreement
A Malaysian law-governed agreement transferring tenancy rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
Short Form Copyright Assignment
A concise Malaysian law-compliant agreement for transferring copyright ownership from one party to another.
Download
Assignment Of Lease By Landlord
A Malaysian legal document transferring a landlord's rights and obligations under an existing lease to a new landlord, compliant with Malaysian property law.
Download
Copyright Assignment Contract
A Malaysian law-compliant agreement for the complete transfer of copyright ownership from one party to another, governed by the Copyright Act 1987.
Download
Debt Transfer Agreement
A Malaysian law-governed agreement facilitating the transfer of debt obligations from an original debtor to a new debtor, with creditor's consent.
Download
Transfer Of Copyright Agreement
A Malaysian law-compliant agreement for transferring complete copyright ownership from one party to another, including all associated rights and interests.
Download
Intellectual Property Assignment Agreement
A Malaysian law-governed agreement for transferring ownership of intellectual property rights from an Assignor to an Assignee.
Download
Copyright Assignment Agreement
A Malaysian law-governed agreement for transferring complete copyright ownership from one party to another, aligned with the Copyright Act 1987.
Download
Assignment Of Lease
A Malaysian law-compliant document that transfers lease rights from an existing tenant to a new tenant, including all necessary legal provisions and requirements.
Download
Assignment Contract
A Malaysian law-governed contract facilitating the transfer of rights, obligations, or assets from an Assignor to an Assignee.
Download
Proprietary Inventions And Assignment Agreement
A Malaysian law-governed agreement establishing employer ownership of employee-created inventions and intellectual property, including assignment and protection mechanisms.
Download
Property Assignment Contract
A Malaysian legal document facilitating property ownership transfer between parties, compliant with the National Land Code 1965 and local property laws.
Download
Lease Transfer Agreement
A Malaysian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
Commercial Lease Assignment
Malaysian law-compliant document transferring commercial lease rights from existing tenant to new tenant, with landlord's consent.
Download
Assignment Of Service Contract
A Malaysian law-governed agreement transferring rights and obligations under a service contract from one provider to another.
Download
Assignment Of Rental Agreement
A Malaysian legal document that transfers rental rights and obligations from an existing tenant to a new tenant, with landlord's consent.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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
.png)