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Lease Assignment
This Lease Assignment is entered into by and among____________________________
(the "Assignor"), _______________________________________________(the
"Assignee"), and ___________________________________________________________(the
"Landlord").
For valuable consideration, it is agreed
by the parties as follows:
1. The Landlord and the Assignor
have entered into a lease agreement (the "Lease" dated ______________________,
concerning the premises described as:
2. The Assignor hereby assigns
and transfers to the Assignee all of Assignor's rights and delegates all
of Assignor's duties under the Lease dated_____________________________
(the "Effective Date").
3. The Assignee hereby accepts
such assignment of rights and delegation of duties and agrees to pay all
rents promptly when due and perform all of Assignor's obligations under
the Lease accruing on and after the Effective Date. The Assignee
further agrees to indemnify and hold the Assignor harmless from any breach
of Assignee's duties hereunder.
4.
The Assignor agrees to transfer
possession of the leased premises to the Assignee on the Effective Date.
All rents and obligations of the Assignor under the Lease accruing before
the Effective Date shall have been paid or discharged.
The Landlord hereby assents to the assignment of the Lease hereunder and
as of the Effective Date hereby releases and discharges the Assignor from
all duties and obligations under the Lease accruing after the Effective
Date.
The Landlord hereby assents to this lease assignment provided that the
Landlord's assent shall not discharge the Assignor of any obligations
under the Lease in the event of breach by the Assignee. The Landlord
will give notice to the Assignor of any breach by the Assignee.
If the Assignor pays all accrued rents and cures any other default of
the Assignee, the Assignor may enforce the terms of the Lease and this
Assignment against the Assignee, in the name of the Landlord, if necessary.
5.
There shall be no further assignment
of the Lease without the written consent of the Landlord.
6.
This agreement shall be binding upon and
inure to the benefit of the parties, their successors, assigns and personal
representatives.
Assignor:
Assignee:
___________________________
__________ __________________________
________
Signature
Date
Signature
Date
______________________________________
_______________________________________
Printed Name
Printed Name
Landlord:
__________________________
____________
Signature
Date
______________________________________
Printed Name
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