Who is Assignee?

• The person to whom rights and interest in the commercial lease are transferred (Assignee) is:

  • company, partnership or trust
  • sole trader

• Indicate Assignee's business name:

• Provide Assignee's registration number:

• Provide Assignee's registered business address:

• Provide Assignee's full name:

• Provide Assignee's registered mailing address:

General Information

• Select the date on which this Deed is signed by both parties:

• Indicate full name of a landlord under the original lease agreement:

  !

  A landlord under the original lease agreement is the property owner or property management company that granted the commercial lease of the property to the Assignor.

• Select the date on which the original lease was signed:

  !

  This is the date on which the Tenant may first begin using and occupying the property. This date may differ from the date on which this Agreement is signed.

Property Description

• Provide the commercial property's address:

• The assignment of the commercial lease is done for:

  • the remainder of the term of the original lease
  • automatic renewal of the original lease

• Does the original lease agreement require the landlord’s consent for this assignment?

  • No
  • Yes

• Select the date on which the landlord gave the consent for this assignment:

• Assignor transfers

  Choose option full title guarantee limited title guarantee

  !

  When the assignor transfers the lease with a full title guarantee, it means they have the legal right to assign the lease, the lease is free from undisclosed charges, mortgages, or third-party rights created by them.

  When the assignment is made with a limited title guarantee, the assignor gives more limited promises. They only guarantee that:

  – They have not personally created any undisclosed problems affecting the lease during their ownership.
  – They are not guaranteeing against issues that existed before they acquired the lease.

Miscellaneous

• Shall Assignee pay a premium to Assignor for granting such an assignment?

  • No
  • Yes

  !

  In the UK, a premium in a lease assignment is an additional payment made in connection with transferring a lease from the current tenant (the assignor) to a new tenant (the assignee).

• Indicate the amount of the premium, in pounds (£):

  !

  The sum of the premium should be given exclusive VAT (value added text).

• Indicate payment method using which Assignee shall make the payment:

• Select the date on which the payment of the premium should be made:

• Does Assignee shall pay any other costs on top to the premium?

  • No
  • Yes

• Which types of costs shall the Assignee additionally cover?

  • specific sum
  • all costs related to the assignment

• Indicate the total amount of additional costs that should be paid by Assignee, in pounds (£):

• Do you want to add a signature?

  • Yes
  • No

• Assignor's Signature:

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