Assignment of Lease

An assignment or transfer of lease is used to transfer the lessee’s interest in the property to a new lessee. This often arises in the context of a sale of business where the vendor seeks to assign the lease to the purchaser.

This precedent comes with commentary which explains the role of the lessee, the new lessee (assignee) and the lessor. It also explains the special provisions which apply under the Retail Leases Act 1994.

An assignor’s Disclosure statement is included for leases that come under the Retail Leases Act 1994, and the commentary explains how to use it and the benefits to be derived from using it. The commentary contains links to relevant legislation.

includes gst.