What is a lease assignment?

The current tenant hands their remaining lease to you. You take on the unit, the rent and the terms already agreed with the landlord. The business itself is not part of the deal, so there is no goodwill to pay for and no staff or customers coming with it.

How is that different from taking over a business?

Taking over a business buys the trade: the customers, the staff, the revenue. An assignment buys only the space and whatever fit out is left in it. It suits someone who already knows what they want to run and needs premises that are ready to use.

Does the landlord have to agree?

Almost always, yes. Most Singapore leases require the landlord to consent in writing before a lease can be assigned, and the landlord will usually want to check your finances first. Treat any listing here as subject to that consent.

What should I check before committing?

How long is left on the lease, what the rent is and when it next rises, whether the fit out and equipment are included, what the reinstatement obligation is at the end, and whether the use you have in mind is allowed under the tenancy and by URA zoning.

Spaces for Lease Assignment in Singapore

Take over the remaining lease on a unit without buying a business. The tenant keeps their company and hands you the space, so there is no goodwill to pay for.

1 space available

A lease assignment

You get the unit, the remaining lease and usually the fit out. No customers, no staff, no trading history. Best when you already know what you want to run and need premises that are ready.

Taking over a business

You get the trade as well: the customers, the staff and the revenue, and you pay for that goodwill. Browse businesses for sale.

S$25K

Gym unit lease assignment, Paya Lebar, premises only

Gym / Fitness StudioPaya Lebar

Rent S$7,400/mo · lease assignable

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Assigning a lease in Singapore

What is a lease assignment?: The current tenant hands their remaining lease to you. You take on the unit, the rent and the terms already agreed with the landlord. The business itself is not part of the deal, so there is no goodwill to pay for and no staff or customers coming with it.
How is that different from taking over a business?: Taking over a business buys the trade: the customers, the staff, the revenue. An assignment buys only the space and whatever fit out is left in it. It suits someone who already knows what they want to run and needs premises that are ready to use.
Does the landlord have to agree?: Almost always, yes. Most Singapore leases require the landlord to consent in writing before a lease can be assigned, and the landlord will usually want to check your finances first. Treat any listing here as subject to that consent.
What should I check before committing?: How long is left on the lease, what the rent is and when it next rises, whether the fit out and equipment are included, what the reinstatement obligation is at the end, and whether the use you have in mind is allowed under the tenancy and by URA zoning.

Giving up a space but keeping the business?

List the assignment on its own. Free for 21 days, and you see how many enquiries come in before paying anything.

Assignments almost always need the landlord to consent in writing. Every listing here should be treated as subject to it.

List a space