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Would definitely need to review the entire document as the assignment provisions, subletting rights etc will come into play.

This is one for your solicitor to advise - either you are assigning the leasehold (under Torrens Title) , strata (torrens title) or may be TT with an exclusive use by-law. Without seeing the title, we are in the dark. Disciphering what you have described, it may be leasehold (very likely)...