Ƶ

Assignment Of Lease To New Owner Form Template for Malaysia

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Assignment Of Lease To New Owner Form

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Assignment Of Lease To New Owner Form

"I need an Assignment of Lease To New Owner Form for transferring a commercial retail space lease in Kuala Lumpur to a new business owner, with the transfer to be completed by March 2025, including provisions for existing retail fixtures and fittings."

What is a Assignment Of Lease To New Owner Form?

The Assignment Of Lease To New Owner Form is a crucial legal instrument in Malaysian property transactions, designed to facilitate the formal transfer of leasehold interests between parties. This document becomes necessary when an existing tenant wishes to transfer their entire interest in a lease to a new tenant, requiring careful consideration of the National Land Code 1965 and related Malaysian legislation. It is commonly used in commercial, residential, and industrial property contexts, ensuring proper documentation of the transfer of rights, obligations, and responsibilities under the original lease agreement. The form must include specific provisions required by Malaysian law, including proper identification of parties, property details, consideration for the assignment, and the landlord's consent. It serves as both a legal record of the transfer and a binding agreement between all parties involved, requiring registration with relevant land authorities to be fully effective.

What sections should be included in a Assignment Of Lease To New Owner Form?

1. Parties: Identification of all parties: Original Lessee (Assignor), New Lessee (Assignee), and acknowledgment by the Landlord

2. Background: Recitals explaining the existing lease details, property information, and intention to assign

3. Definitions: Definitions of key terms used throughout the document

4. Assignment: Core clause transferring all rights, title, and interest in the lease from Assignor to Assignee

5. Consideration: Details of the payment or consideration for the assignment

6. Assignor's Covenants: Warranties and representations by the Assignor regarding the lease status and authority to assign

7. Assignee's Covenants: Undertakings by the Assignee to comply with lease terms and obligations

8. Landlord's Consent: Confirmation of the Landlord's consent to the assignment as required by law

9. Completion: Details of the completion process, including timing and requirements

10. Costs: Allocation of legal costs, stamp duty, and registration fees

11. Governing Law: Specification of Malaysian law as governing law and jurisdiction

What sections are optional to include in a Assignment Of Lease To New Owner Form?

1. Security Deposit Transfer: Terms for transferring existing security deposits, applicable when deposits are being transferred between parties

2. Outstanding Rental Payments: Provisions dealing with any rental arrears or prepayments, needed when there are outstanding financial matters

3. Existing Sublease Provisions: Clauses addressing existing subleases, required when there are existing subtenants

4. Condition of Premises: Details about the current condition of the premises, useful when there are specific concerns about property condition

5. Novation of Service Contracts: Provisions for transferring related service contracts, needed when service contracts are attached to the lease

6. Break Clause Assignment: Special provisions regarding any break clauses in the original lease, needed when the original lease contains break options

What schedules should be included in a Assignment Of Lease To New Owner Form?

1. Schedule 1 - Property Description: Detailed description of the leased property including lot number, address, and registered title details

2. Schedule 2 - Original Lease: Copy or details of the original lease agreement including date, parties, and registration details

3. Schedule 3 - Existing Tenancy Terms: Key terms from the original lease that continue to apply

4. Schedule 4 - Outstanding Obligations: List of any outstanding obligations or payments under the existing lease

5. Schedule 5 - Consent Conditions: Any specific conditions imposed by the Landlord for consenting to the assignment

6. Appendix A - Property Plans: Relevant floor plans or property layouts if referenced in the lease

7. Appendix B - Inventory: List of any fixtures, fittings or equipment included in the lease assignment

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























Clauses

























Relevant Industries

Real Estate

Commercial Property

Retail

Industrial

Hospitality

Healthcare

Education

Manufacturing

Logistics

Office Space Management

Agricultural

Relevant Teams

Legal

Real Estate

Property Management

Operations

Facilities Management

Asset Management

Contract Administration

Corporate Services

Risk Management

Compliance

Relevant Roles

Property Manager

Legal Counsel

Real Estate Manager

Facility Manager

Asset Manager

Lease Administrator

Property Administrator

Commercial Director

Operations Manager

Legal Officer

Company Secretary

Real Estate Director

Tenant Relations Manager

Contract Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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.

find out more

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.

find out more

Assignment Letter Contract

A Malaysian employment document that establishes formal terms and conditions between employer and employee, compliant with local employment laws.

find out more

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.

find out more

Short Form Assignment Agreement

A simplified Malaysian law-governed agreement for transferring rights or property from one party to another, suitable for straightforward assignments.

find out more

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.

find out more

Debt Assumption Agreement

A Malaysian law-governed agreement facilitating the transfer of debt obligations from one party to another, with creditor consent.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

Short Form Copyright Assignment

A concise Malaysian law-compliant agreement for transferring copyright ownership from one party to another.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

Intellectual Property Assignment Agreement

A Malaysian law-governed agreement for transferring ownership of intellectual property rights from an Assignor to an Assignee.

find out more

Copyright Assignment Agreement

A Malaysian law-governed agreement for transferring complete copyright ownership from one party to another, aligned with the Copyright Act 1987.

find out more

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.

find out more

Assignment Contract

A Malaysian law-governed contract facilitating the transfer of rights, obligations, or assets from an Assignor to an Assignee.

find out more

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.

find out more

Property Assignment Contract

A Malaysian legal document facilitating property ownership transfer between parties, compliant with the National Land Code 1965 and local property laws.

find out more

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.

find out more

Commercial Lease Assignment

Malaysian law-compliant document transferring commercial lease rights from existing tenant to new tenant, with landlord's consent.

find out more

Assignment Of Service Contract

A Malaysian law-governed agreement transferring rights and obligations under a service contract from one provider to another.

find out more

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.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.