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Assignment of Real Estate Lease Agreement

 

When to use this agreement

Whenever the tenant under a real estate lease (the person responsible for fulfilling the lease obligations) wishes to transfer their rights and obligations to another party.

 

The new tenant "the assignee" agrees to take over the rights and obligations of the original tenant "the Assignor" by accepting all the terms and conditions of the lease. Once executed with the Landlords permission, the landlord may no longer seek to recover any money owed should the new tenant default. Thus indemnifying "the assignor" from any future liability.

 

also see Commercial Property Sublease Agreement

 

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This Document includes the following Provisions -

  • The Parties
  • The Lease
  • Assignment and Assumption
  • The Assignor's Representations
  • Landlord's consent
  • Assignors Obligations
  • Terms and Provisions
  • Invalid provisions
  • Transfer of Rights
  • Entire understanding
  • Governing Law

 

Sample Document Excerpt

lease assignment sample

      * This agreement includes a complimentary copy (A $57 VALUE!) of R. P. Emery & Associates newly revised 3rd Edition, "Agreement Preparation Tips, Hints & Secrets" publication. It will show you in simple terms how to thoroughly cover important legal requirements, and how to complete an agreement in detail. In addition, it contains alternative legal clauses and provisions you can use Click here to read more about the book.


Download Assignment of Lease Agreement

 

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