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Provide a template for a Lease Assignment Agreement

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Lease Assignment Agreement Template

This Lease Assignment Agreement ("Agreement") is made and entered into as of [Date] by and between [Assignor Name], residing at [Assignor Address] ("Assignor"), and [Assignee Name], residing at [Assignee Address] ("Assignee").

1. Assignment of Lease

1.1. Assignor hereby assigns to Assignee all of Assignor's right, title, and interest in and to that certain Lease Agreement dated [Date] (the "Lease") between [Landlord Name] and Assignor, for the premises located at [Property Address] (the "Premises").

1.2. The Lease is hereby incorporated by reference into this Agreement.

2. Consideration

2.1. In consideration of the mutual covenants and agreements contained herein, the parties agree as follows:

2.2. Assignor agrees to assign the Lease to Assignee.

2.3. Assignee agrees to accept the assignment of the Lease and to be bound by all of the terms and conditions of the Lease.

3. Landlord Consent

3.1. Assignee acknowledges and agrees that the Landlord's consent to this assignment is required under the terms of the Lease.

3.2. Assignor shall obtain the Landlord's written consent to this assignment within [Number] days of the execution of this Agreement.

3.3. If the Landlord refuses to consent to this assignment, this Agreement shall be null and void.

4. Obligations of Assignee

4.1. Assignee agrees to assume all of Assignor's obligations under the Lease, including, but not limited to, the following:

Paying the rent and other charges due under the Lease;
Complying with all of the terms and conditions of the Lease;
Maintaining the Premises in accordance with the Lease;
Indemnifying and holding harmless Assignor from and against any and all claims, losses, damages, liabilities, costs, and expenses arising out of or relating to Assignee's use and occupancy of the Premises.

5. Release of Assignor

5.1. Upon the effective date of this Agreement, Assignor shall be released from all of its obligations under the Lease.

5.2. Assignee shall be solely responsible for all of the obligations under the Lease.

6. Default

6.1. If Assignee defaults in the performance of any of its obligations under this Agreement or the Lease, Assignor may, at its option, terminate this Agreement and the Lease.

6.2. Upon termination of this Agreement, Assignee shall immediately vacate the Premises and surrender possession thereof to the Landlord.

7. Governing Law

7.1. This Agreement shall be governed by and construed in accordance with the laws of the Republic of Kenya.

8. Notices

8.1. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered personally, sent by certified mail, return receipt requested, or sent by overnight courier service, addressed as follows:

If to Assignor: [Assignor Name] [Assignor Address]
If to Assignee: [Assignee Name] [Assignee Address]

9. Entire Agreement

9.1. This Agreement constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.

10. Waiver

10.1. No waiver of any breach of any provision of this Agreement shall constitute a waiver of any other or subsequent breach.

11. Severability

11.1. If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.

12. Binding Effect

12.1. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

Assignor:

[Assignor Signature]

[Assignor Printed Name]

Assignee:

[Assignee Signature]

[Assignee Printed Name]

Assignment of Lease
Consideration
Landlord Consent
Obligations of Assignee
Release of Assignor
Default
Governing Law
Notices
Entire Agreement
Waiver
Severability
Binding Effect

Sources

Case Laws

This template does not include any case laws as it is a general template and the specific case laws that would be relevant would depend on the specific facts of the case.

TLDR

This Lease Assignment Agreement is a template for assigning a lease from one party (Assignor) to another party (Assignee). It includes provisions for consideration, Landlord consent, obligations of the Assignee, release of the Assignor, default, governing law, notices, entire agreement, waiver, severability, and binding effect.

Conclusion

This Lease Assignment Agreement template is a starting point for drafting a lease assignment agreement in Kenya. It is important to consult with an attorney to ensure that the agreement is tailored to the specific facts of your case and complies with all applicable laws.