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The Commercial Lease Assignment Business/Services Section

Commercial Lease Assignment

An assignment of lease is an agreement whereby the original tenant to a lease assigns his rights and responsibilities under that lease to another person. The original tenant may choose to use an assignment for a number of reasons including job relocation, financial concerns or other changes in circumstance. This form is for use with commercial leases and comes with an optional landlord consent. This form can be used in all states. This packet includes: (1) Instructions and Checklist; (2) Information about the Assignment of Commercial Lease; and (3) The Assignment of the Commercial Lease (the “Assignment”) Among others, this form includes the following provisions: • Assignment • Assumption of Rights and Obligations • Indemnification • Assigner’s Representations • Binding Effect

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