Ƶ

All Countries
Real Estate
Lease Assignment And Assumption Agreement

Lease Assignment And Assumption Agreement Template for Singapore

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

4.6 / 5
4.8 / 5

Let's create your Lease Assignment And Assumption Agreement

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:

Lease Assignment And Assumption Agreement

"I need a Lease Assignment And Assumption Agreement for transferring my retail store lease at Marina Bay Sands to a new tenant, with the landlord's consent already obtained, to be effective from March 1, 2025."

Celebrated by
Collaborations with
Investors

What is a Lease Assignment And Assumption Agreement?

The Lease Assignment And Assumption Agreement is essential when a tenant wishes to transfer their lease obligations to another party in Singapore. This document is commonly used in commercial and retail settings where a business needs to exit a lease early or transfer their tenancy to another entity. The agreement must comply with Singapore's property laws and typically requires explicit landlord approval. It details the transfer of rights, obligations, and liabilities under the original lease, handles security deposits, and addresses any outstanding issues. The document protects all parties' interests by clearly defining the terms of assignment and ensuring proper assumption of lease obligations.

What sections should be included in a Lease Assignment And Assumption Agreement?

1. Parties: Identifies all parties: Current Tenant (Assignor), New Tenant (Assignee), and Landlord

2. Background: Details of original lease and reason for assignment

3. Definitions: Key terms used throughout the agreement

4. Assignment: Core provision transferring lease rights and obligations

5. Assumption of Obligations: New tenant's acceptance of lease obligations

6. Effective Date: When the assignment takes effect

7. Representations and Warranties: Standard assurances from all parties

8. Governing Law: Specifies Singapore law as governing law

What sections are optional to include in a Lease Assignment And Assumption Agreement?

1. Security Deposit: Provisions regarding transfer of existing security deposit from assignor to assignee

2. Outstanding Payments: Provisions handling any rent arrears or other outstanding payments

3. Landlord's Consent: Specific terms and conditions of landlord's approval for the assignment

4. Broker Provisions: Terms relating to broker involvement and commission arrangements

What schedules should be included in a Lease Assignment And Assumption Agreement?

1. Schedule 1 - Original Lease: Copy of the original lease agreement being assigned

2. Schedule 2 - Property Details: Detailed description of leased premises including address and specifications

3. Schedule 3 - Condition Report: Current condition of premises at time of assignment

4. Schedule 4 - Outstanding Obligations: List of any ongoing obligations or payments to be transferred

5. Schedule 5 - Landlord's Consent Letter: Written consent from landlord approving the 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

alex.den.21@genieai.co
Relevant legal definitions






























Clauses






























Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships, obligations, requirements for valid contracts, and rules regarding assignment of rights and obligations

Conveyancing and Law of Property Act (Cap. 61): Regulates property transactions and interests, including requirements for assignment of leases and legal formalities for property-related documents

Land Titles Act (Cap. 157): Covers registration requirements for leasehold interests, requirements for dealings with registered land, and procedural requirements for registration

Stamp Duties Act (Cap. 312): Governs stamp duty obligations for lease assignments, including timeline for payment and penalties for non-compliance

Planning Act (Cap. 232): Addresses zoning and land use restrictions, and compliance with permitted use requirements

Building Control Act (Cap. 29): Covers building safety and maintenance requirements, and compliance with building regulations

Landlord and Tenant (Shops) Act: Specific legislation for commercial properties, providing protections for commercial tenants

Property Tax Act (Cap. 254): Governs property tax obligations and tax liability transfer considerations in property transactions

COVID-19 (Temporary Measures) Act 2020: Temporary measures affecting lease assignments and relief measures that might impact property transactions

Landlord Consent Requirement: Practice consideration requiring obtaining necessary consents from landlord before assignment

Due Diligence: Practice consideration involving thorough review and verification of existing lease terms and conditions

Registration Compliance: Practice consideration ensuring all necessary registrations are completed with relevant authorities

Stamp Duty Compliance: Practice consideration ensuring timely payment of applicable stamp duties

Security Deposits and Utilities: Practice consideration involving proper transfer of security deposits and utilities arrangements

Licenses and Permits: Practice consideration ensuring proper assignment of relevant licenses and permits associated with the property

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

Assignment Of Employment Contract

A Singapore-compliant authorization document allowing a designated representative to handle document attestation at the Ministry of Foreign Affairs.

find out more

Assignation Agreement

A Singapore law-governed agreement that transfers rights, obligations, or property from one party to another.

find out more

Short Form Assignment Agreement

A concise Singapore law agreement for transferring rights or property between parties.

find out more

Assignment Of Judgment Agreement

A Singapore law-governed agreement transferring rights under a court judgment from one party to another.

find out more

Assignment Of Leases And Rents

A Singapore-compliant legal document transferring rights to rental income and lease enforcement from a property owner to another party.

find out more

Assignment And Assumption Of Lease

A Singapore-law governed agreement transferring lease rights and obligations from an existing tenant to a new tenant.

find out more

Assignment And Amendment Agreement

A Singapore law document that facilitates the transfer of rights/obligations between parties while modifying the original agreement terms.

find out more

Assignment Of Contract Of Sale

A Singapore law-governed document that transfers rights and obligations under a sale contract from one party to another.

find out more

Assignment Of Agreement Addendum

A Singapore law-governed document that formally transfers rights and/or obligations under an existing agreement from one party to another.

find out more

Assign Tenancy Agreement

A Singapore law-governed agreement that transfers tenancy rights from an existing tenant to a new tenant, with landlord's consent.

find out more

Assignment Of Purchase Order

A Singapore law-governed document that transfers rights and obligations under a purchase order from one party to another.

find out more

Assignment Of Liabilities Agreement

A Singapore law-governed agreement that transfers specified liabilities from one party to another, including terms and conditions of the transfer.

find out more

Assignment Of Option Agreement

A Singapore law-governed agreement that transfers option rights from one party to another, documenting the terms and conditions of the assignment.

find out more

Assignment Of Franchise Agreement

A Singapore-compliant legal document transferring franchise rights and obligations from one franchisee to another.

find out more

Assignment Of Receivables Agreement

A Singapore law-governed agreement transferring rights to receive payment from one party to another.

find out more

Confidentiality And Intellectual Property Assignment Agreement

A Singapore-law governed agreement that protects confidential information and assigns intellectual property rights from individuals to their engaging organization.

find out more

Assignment Of Payment Agreement

A Singapore law-governed agreement transferring payment rights from an assignor to an assignee.

find out more

Assignment Of Inventions Agreement

A Singapore-law governed agreement transferring ownership rights of inventions from inventor to assignee, compliant with local patent laws.

find out more

Assignment And Novation Agreement

A Singapore law-governed agreement enabling the transfer of contractual rights and obligations from one party to another, with counterparty consent.

find out more

Assignment Of Claim Agreement

A Singapore law-governed agreement transferring rights in a claim from an assignor to an assignee.

find out more

Assignment And Transfer Agreement

A Singapore law-governed agreement that formally documents the transfer of rights, assets, or property from one party to another.

find out more

Assignment Of Proceeds Agreement

A Singapore law-governed agreement transferring rights to receive payments or proceeds from one party to another.

find out more

Assignment And Assumption Agreement

A Singapore law-governed agreement transferring rights and obligations from one party to another, including the assumption of related responsibilities.

find out more

Lease Assignment Agreement

A Singapore law-governed agreement transferring lease rights from an existing tenant to a new tenant.

find out more

Receivables Transfer Agreement

A Singapore law-governed agreement for the transfer of accounts receivable between parties, including terms of transfer and payment obligations.

find out more

Purchase And Assignment Agreement

A Singapore law-governed agreement facilitating the transfer of ownership of assets, rights, or obligations between parties.

find out more

Property Assignment Agreement

A legal document under Singapore law that transfers property rights from one party to another, including all terms and conditions of the transfer.

find out more

Loan Assignment Agreement

A Singapore law-governed agreement transferring rights and obligations under an existing loan from one party to another.

find out more

Lease Transfer Agreement

A Singapore law-governed agreement that transfers lease rights and obligations from an existing tenant to a new tenant.

find out more

Lease Assumption Agreement

A Singapore-law governed agreement enabling the transfer of lease rights and obligations from an existing tenant to a new tenant.

find out more

Lease Assignment And Assumption Agreement

A Singapore law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.

find out more

Employee Assignment Agreement

A Singapore-law governed agreement that sets out terms for temporary employee assignments while maintaining original employment status.

find out more

Debt Novation Agreement

A Singapore law-governed agreement that transfers debt obligations from one debtor to another with creditor consent.

find out more

Debt Assignment Agreement

A Singapore law-governed agreement that transfers debt rights from one party to another, including all associated terms and conditions.

find out more

Contract Assignment Agreement

A Singapore law-governed agreement transferring contractual rights from one party to another.

find out more

Confirmatory Assignment Agreement

A Singapore law agreement that formally confirms and evidences a previous transfer of rights or assets between parties.

find out more

Collateral Assignment Of Lease

A Singapore-compliant agreement that assigns lease rights as security for a loan or other obligation, subject to local property and security laws.

find out more

Collateral Assignment Agreement

A Singapore law-governed agreement creating a security interest in assets to secure an obligation's performance.

find out more

Assignor And Assignee Agreement

A Singapore law-governed agreement transferring rights or property from an assignor to an assignee.

find out more

Assignment Of Shares Agreement

A Singapore law-governed agreement for the transfer of share ownership from one party to another.

find out more

Wholesale Assignment Contract

A Singapore law-governed contract facilitating the transfer of wholesale trading rights and obligations between parties.

find out more

Assignment Of Rights Agreement

A Singapore law-governed agreement that transfers legal rights from one party to another, including specifications of the transfer terms and considerations.

find out more

Stock Assignment Agreement

A Singapore law-governed agreement facilitating the legal transfer of shares between parties, including terms of transfer and relevant warranties.

find out more

Software Assignment Agreement

A Singapore law-governed agreement for transferring ownership rights of software from one party to another.

find out more

Sale And Assignment Agreement

A legally binding agreement under Singapore law that transfers ownership of assets, rights, or property from one party to another.

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.

Read our Privacy Policy.