This Assignment of Lease Contract is suitable for the transfer of lease for most types of commercial premises such as offices or industrial property. It may not be suitable for retail shop situations.
Once this agreement is executed, with the permission of the landlord, you are indemnified from any obligation and future liability to do with the lease. If the new tenant defaults the landlord cannot hold you responsible or attempt to recover monies from you.
This Assignment of Lease Agreement has been professionally drafted. You can use this template time after time. Simply insert the correct information in the appropriate fields then print your professional agreement!
Your Assignment of Lease Agreement includes –
Identification of Parties
Term of Lease
Assignments and Assumptions
Terms and Provisions
Transfer of Rights