"Assignment of Lease Form"

What Is an Assignment of Lease?

When a tenant wishes to transfer their rights to a Lease Agreement to a new tenant, they will need to create an Assignment of a Lease with the landlord so that all parties are aware of and agree to the transfer. This can be used in cases where a tenant is residing in a rent-controlled unit and wishes to pass the unit onto another individual who plans to live there once the current tenant has left. A printable Assignment of Lease template can be downloaded through the link below.

Alternate Name:

  • Assignment of Lease Agreement.

An Assignment of Lease differs from a Subletting Agreement, in that this agreement requires that the original tenant has agreed to permanently move out of the rental unit.

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How to Write an Assignment of Lease Agreement?

To begin writing a Lease Assignment Form you will want to include the following information:

  1. All parties involved with the lease (the current tenant, landlord, and interested future tenant). Include the city and state where the rental property is located and the date the agreement will be signed by all parties.
  2. Address and unit number of the property for the Assignment of Lease.
  3. A statement that the current tenant (the "Assignor") will be transferring all rights and rules of the lease to the interested future tenant (the "Assignee") with the full knowledge and approval of the landlord.
  4. The Assignor has agreed that all aspects of the lease's conditions, terms, and regulations will be transferred to the Assignee on a specific date until the expiration date of the current lease date.
  5. All payments must be up to date for the Assignor to transfer the Assignment of a Lease to a new tenant, and that no future payments will be due to the landlord by the Assignor.
  6. The Assignee agrees that all future rental payments to the landlord will be their sole responsibility and they will be subject to the same rental payment rules (including late payment fees) as the Assignor.
  7. The date the Assignment of Lease Form will be executed and transfer of the lease to the Assignee will be valid.
  8. Signature sections for each party to the agreement. Each signature space must also have a printed section, date, and whether the individual is an Assignor or Assignee.
  9. A separate section listing the landlord's express consent to the agreement above, with their full name, address of the property in the agreement, and city and state where the property is located. The landlord consent section will also need the date the agreement will go into effect and that the landlord agrees to respect all current provisions, rules, and aspects of the current lease until the date the lease is set to expire.
  10. Landlord signature section below the landlord consent section, with the landlord's signature, printed name, and date.

It is also a good idea to make sure each party listed in the Assignment of Lease Form has a separate copy of the agreement for their records.


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Assignment of Lease Form
This Assignment of Lease (hereinafter referred to as the “Agreement”) is entered into as
of __________________, by and between _________________________, with a mailing
address of _______________________________________________________________
(hereinafter referred to as the “Assignor”) and _________________________, with a
mailing address of ________________________________________________________
________________ (hereinafter referred to as the “Assignee”), collectively referred to as
the “Parties,” both of whom agree to be bound by this Agreement.
WHEREAS, on the _______________________, the Assignor entered into a lease
(hereinafter referred to as the “Lease”) with ____________________________
(hereinafter referred to as the “Landlord”) for the premises located at
__________________________________________________________________
and more particularly described as follows:
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
WHEREAS, the Assignor desires to transfer the rights, title and interest to the
leased premises to the Assignee.
Now, therefore, for full and valuable consideration, the Assignor hereby assigns and
transfers the Lease attached hereto and incorporated herein, together with all the rights,
title, and interest in and to the Lease and premises, subject to all the conditions and terms
contained therein, to have and to hold from the _______________________ until the
Lease term expires on the _______________________.
The Assignor affirms that the Assignor is not in default under the Lease and that all
payments due under the Lease as of the date herein have been made and that there are no
other claimants to the Assignor’s interest in the Lease.
The Assignee hereby agrees to assume all rental payments due after the date of this
Agreement and to perform all duties and obligations required by the terms of the Lease.
The Parties agree that this Agreement shall be governed by the laws of
_____________________.
State
©
TEMPLATEROLLER.COM
Assignment of Lease Form
This Assignment of Lease (hereinafter referred to as the “Agreement”) is entered into as
of __________________, by and between _________________________, with a mailing
address of _______________________________________________________________
(hereinafter referred to as the “Assignor”) and _________________________, with a
mailing address of ________________________________________________________
________________ (hereinafter referred to as the “Assignee”), collectively referred to as
the “Parties,” both of whom agree to be bound by this Agreement.
WHEREAS, on the _______________________, the Assignor entered into a lease
(hereinafter referred to as the “Lease”) with ____________________________
(hereinafter referred to as the “Landlord”) for the premises located at
__________________________________________________________________
and more particularly described as follows:
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
WHEREAS, the Assignor desires to transfer the rights, title and interest to the
leased premises to the Assignee.
Now, therefore, for full and valuable consideration, the Assignor hereby assigns and
transfers the Lease attached hereto and incorporated herein, together with all the rights,
title, and interest in and to the Lease and premises, subject to all the conditions and terms
contained therein, to have and to hold from the _______________________ until the
Lease term expires on the _______________________.
The Assignor affirms that the Assignor is not in default under the Lease and that all
payments due under the Lease as of the date herein have been made and that there are no
other claimants to the Assignor’s interest in the Lease.
The Assignee hereby agrees to assume all rental payments due after the date of this
Agreement and to perform all duties and obligations required by the terms of the Lease.
The Parties agree that this Agreement shall be governed by the laws of
_____________________.
State
©
TEMPLATEROLLER.COM
In the event that any provision of this Agreement is deemed invalid or unenforceable, in
whole or in part, that part shall be severed from the remainder of the Agreement and all
other provisions should continue in full force and effect as valid and enforceable.
The Parties agree to the terms and conditions set forth above as demonstrated by their
signatures as follows:
_________________________________
_________________________________
Assignor’s Printed Name
Assignee’s Printed Name
_________________________________
_________________________________
Assignor’s Signature
Assignee’s Signature
_________________________________
_________________________________
Date
Date
Landlord’s Consent
I, _________________________, of __________________________________________
____________________ and Landlord to the above-described premises that entered into
a Lease with the Assignor on the __________________ hereby consent to the assignment
of the Lease to the Assignee under the terms set forth herein and release Assignor from
all duties and obligations under the Lease including the payment of rent, after the date
hereof.
_________________________________
Landlord’s Printed Name
_________________________________
Landlord’s Signature
_________________________________
Date
©
TEMPLATEROLLER.COM
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