ASSIGNMENT OF LEASE AGREEMENT
WITH NOTICE OF ASSIGNMENT
FOR VALUE RECEIVED, the receipt and sufficiency of which are hereby
acknowledged, the undersigned,_______________________ , “Assignor”, Lessor of that certain lease agreement described below, does hereby grant, bargain, sell, convey and assign unto __________________ , “Assignee”, all his/her right, title and interest in and to said Lease Agreement. The monthly rental payments as provided in said lease agreement are __________________ per month with the next payment being due on the ____ day of ____________ , 20____.
Lease Agreement executed by __________________, “Lessor”, and _________________________, “Lessee”, concerning premises located at __________________________________________________, and provided for lease payments of ________________ per month, dated the ____ day of ____________, 20___. Payments commenced on the ____ day of ___________, 20___ and end at the termination of the lease on the ____ day of _____________, 20____.
Assignee is further assigned all rights and obligations of Lessor in the Lease subject to the laws of the State of _____________ relating to Landlord’s and Tenants. Assignee is only acquiring the rights of Lessor during the term of the lease assigned and all rights in the real estate, including ownership of same, is retained by Assignor.
NOTICE OF ASSIGNMENT
Lessee,_______________________ , of said Lease Agreement is hereby advised that the above referenced Lease Agreement has been assigned to ______________________, Assignee, and Lessee is hereby directed to make all future rental payments to Assignee at the following address:
IN WITNESS WHEREOF, the undersigned has caused this instrument to be executed on this the ____ day of _____________ , 20____ .
State Specific Real Estate Forms
–For State Specific Real Estate Forms you can download in Word format, go to http://www.uslegalforms.com/realestate/
Form: Assignment of Lease - One Tenant
[Download this form as a .doc (Word) file]
Consent to Assignment of Lease
[Scenario: original lease is with only one tenant who is moving out, to be replaced by a new tenant moving in]
Tenant: __________________________ [current tenant that is moving out]
Assignee: _________________________ [new tenant that is moving in]
Landlord, Tenant, and Assignee agree as follows:
1. Location of Premises
Tenant has leased the premises located at _______________________________ from Landlord, pursuant to a Lease Agreement dated ___________, between Tenant and Landlord (the “Lease”).
2. Lease Beginning and Ending Dates
The lease was signed on __________________, and the initial 12-month term of the Lease expires on __________________.
Tenant hereby assigns all of his/her interest in the Lease to Assignee, beginning on ___________.
4. Tenant's Future Liability
Tenant's financial responsibilities under the terms of the lease are ended by this Assignment. Specifically, Tenant's responsibilities for future rent and future damage are ended.
5. Tenant's Right to Occupy Terminated
As of the date of this Assignment, Tenant permanently gives up the right to occupy the premises.
6. Binding Nature of Agreement
Assignee is bound by every term and condition in the Lease, including but not limited to the payment of rent.
7. Assignment of Security Deposit
Tenant assigns all of his/her interest in the security deposit to Assignee, and will have no right to request any portion of the security deposit from Landlord. Assignee has reimbursed Tenant for his/her share of the security deposit.
Landlord's signature Date
Tenant's signature Date
Assignee's signature Date