Lease assumption agreement formAssignment of Commercial Lease • August 21st, 2021
Assignment Of Commercial Lease With Landlord Consent - How to Guide by LegalZoom Staff by LegalZoom Staff updated March 24, 2021 · 11min read Occasionally, tenants want to leave a rental property before the end of their lease. Individuals may take new jobs in new cities, and companies may go out of business or sell their enterprise to a third party. Whatever the reason, tenants can transfer their lease interests to new parties by completing an assignment of the lease. An assignment is the transfer of one party’s entire interest in and obligations under a lease to another party. The new tenant takes on the lease responsibilities, including rent and property maintenance, and the original tenant is released from most (if not all) of its duties. Successful property management begins with good documentation, and a properly-drafted and executed assignment will ensure that all parties – new and old – understand the obligations that are being transferred and the responsibilities that each will
ASSIGNMENT OF COMMERCIAL LEASE, CONSENT AND RELEASE AGREEMENTAssignment of Commercial Lease • April 24th, 2014 • STERLING CONSOLIDATED Corp • Gaskets, packg & sealg devices & rubber & plastics hose • Pennsylvania
THIS ASSIGNMENT OF COMMERCIAL LEASE, CONSENT AND RELEASE AGREEMENT (hereinafter "Agreement") is made as of the _____ day of ___________, 20_______ by and among Donegal Township, a municipal corporation (hereinafter "Landlord"), Marge Graham (hereinafter "Assignor") and Sterling Seal & Supply, Inc. (hereinafter
Assignment of Commercial LeaseAssignment of Commercial Lease • November 7th, 2020
ContractAssignment of Commercial Lease • November 18th, 2008
ASSIGNMENT OF COMMERCIAL LEASE This Assignment of Lease is made and effective , by and between the Assignor, Assignee, and Landlord. Whereas,A. By a lease dated the day of , (the "Lease") the Landlord leased to Assignor, as tenant, for a term (the "Term") of years, commencing on the day of , , certain premises (the "Premises") located at , in , and as further described in said lease;B. The Lease contains a covenant on the part of the Tenant not to assign the Lease without the consent of the Landlord;C. The Assignor has agreed to assign the Lease to the Assignee subject to obtaining the Landlord’s consent to such assignment;D. The Assignor has applied to the Landlord for such consent and the Landlord has agreed to grant its consent to the within assignment as of the day of , (the "Effective Date"), subject to the terms and conditions herein set out.NOW THEREFORE THIS ASSIGNMENT WITNESSES that in consideration of the mutual covenants and agreements herein contained and the sum of One Do
