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The Lease Assumption Agreement is a crucial document used in Singapore when an existing tenant needs to transfer their lease obligations to another party before the original lease expires. This agreement, governed by Singapore property and contract law, establishes the terms under which the new tenant assumes all rights and responsibilities under the existing lease. It requires the landlord's explicit consent and typically includes provisions for security deposit transfers, outstanding payments, and liability allocation. The document must comply with Singapore's strict property regulations, including those under the Civil Law Act and Conveyancing and Law of Property Act.

1. Parties: Identifies original tenant, new tenant, and landlord

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

3. Definitions: Key terms used throughout the agreement

4. Assumption of Lease: Core provisions regarding transfer of rights and obligations

5. Effective Date: When the assumption takes effect

6. Consent of Landlord: Landlord's formal approval of the assumption

7. Liabilities and Obligations: Distribution of responsibilities between parties