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1. Parties: Identifies and provides full details of the Original Tenant (Assignor), the New Tenant (Assignee), and the Landlord
2. Background: Outlines the existence of the original lease, its key terms, and the intention to assign the tenancy
3. Definitions: Defines key terms used throughout the agreement including Property, Original Lease, Assignment Date, etc.
4. Assignment: Core clause that legally transfers the tenancy from Assignor to Assignee
5. Effective Date: Specifies when the assignment takes effect
6. Consideration: Details any payment made by the Assignee to the Assignor for the assignment
7. Assignor's Covenants: Promises and warranties made by the original tenant regarding the lease status
8. Assignee's Covenants: New tenant's promises to comply with lease terms and perform tenant obligations
9. Landlord's Consent: Confirmation of the landlord's approval of the assignment
10. Security Deposit: Handling and transfer of the existing security deposit
11. Notices: How and where formal communications between parties should be sent
12. Governing Law: Specifies the state law governing the agreement
13. Entire Agreement: Confirms this document represents the complete agreement between parties
1. Guarantor: Required when the Assignee provides a guarantor for the lease obligations
2. Condition of Premises: Used when there's a need to document the property's condition at assignment
3. Outstanding Repairs: Needed when there are ongoing maintenance issues to be addressed
4. Pro-rata Payments: Required when rent, utilities, or other payments need to be apportioned
5. Assignment Fee: Include when the landlord charges a fee for processing the assignment
6. Retention of Liability: Used when the Assignor retains some ongoing liability
7. Insurance: Required when specific insurance arrangements need to be transferred or established
8. Special Conditions: For any unique terms specific to this assignment
1. Schedule 1 - Original Lease: Copy of the original lease agreement being assigned
2. Schedule 2 - Property Inventory: Current inventory and condition report of the property
3. Schedule 3 - Landlord's Consent Letter: Written confirmation of landlord's approval
4. Schedule 4 - Payment Schedule: Details of any payments between Assignor and Assignee
5. Appendix A - Property Photos: Current dated photographs of the property condition
6. Appendix B - Utility Accounts: List of utility accounts and transfer arrangements
7. Appendix C - Outstanding Maintenance: List of any pending repairs or maintenance issues
8. Appendix D - Keys and Access Devices: Inventory of all keys and access devices being transferred
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