Fillable Printable Assignment of Commercial Lease

Assignment of Commercial Lease

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 Dollar ($1.00) paid by each

of the parties to the others, the receipt and sufficiency of which are hereby acknowledged,

the parties hereby agree as follows:

Assignment

As of and from the Effective Date, the Assignor transfers, sets over and assigns the Lease

and all privileges and appurtenances belonging thereto, together with the unexpired residue

of the Term, and the Premises and all benefits and advantages to be derived therefrom, to

the Assignee.

TO HAVE AND TO HOLD the same unto the Assignee, subject to the payment of the Rent

payable under the terms of the Lease and the observance and performance of the covenants

and conditions in the Lease to be observed and performed on the part of the Tenant.

Landlord: Signature: Date:

Assignor: Signature: Date:

Assignee: Signature: Date:

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