Lease Assignment Agreement definition
Examples of Lease Assignment Agreement in a sentence
The Lessee’s request shall include submission of a properly completed and executed Lease Assignment Agreement, a sample of which is attached to this Lease as Exhibit 3, all necessary documentation (Substitute W-9, attached hereto as Exhibit 4, and the Retail Disclosure Sheet, attached hereto as Form 1).
The Deed, Xxxx of Sale, Assignment of Lease, Assignment Agreement, and the other closing documents required under this Agreement or otherwise delivered by the Parties at Closing are collectively referred to as the “Transfer Documents”.
A Lease Assignment Agreement is a short document that allows for the transfer of interest in a residential or commercial lease from one tenant to another.
How to use this document This Lease Assignment Agreement will help set forth all the required facts and obligations for a valid lease assignment.
In other words, a Lease Assignment Agreement is used when the original tenant wants to get out of a lease and has someone lined up to take their place.