Assignment of Lease Form

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The lease assignment is a document that allows a tenant to transfer their interest in a lease agreement to another individual or entity. The party that is accepting the assignment will be agreeing to the terms and conditions of the lease agreement that was signed under the original tenant and will be legally liable to its commitments, terms, and/or conditions. The landlord will usually have to sign the assignment stating that they consent to the transfer of interest and after the original tenant, the new tenant, and the landlord have all signed the form (with the original lease attached) the document becomes final.

(Video) What is a Lease Assignment Form?

How to Write

Step 1 – The Parties – Enter the following:

  • Enter the Assignor’s name
  • Assignor’s Street Address
  • City
  • State
  • AND
  • Provide the name of the Assignee
  • Enter the date of the completion of the document in dd/mm/yyyy format
  • Provide the date of entrance into the agreement in dd/mm./yyyy format
  • Submit the landlord’s name
  • Enter the street address of the premises
  • City
  • State
  • Enter a description of the property for lease

Step 2 – Transfer of Lease/Agreement – To be completed by the Assignor and to be reviewed by the Assignee:

  • Enter the date that the lease will end for the Assignor and commence for the Assignee in dd/mm/yyyy format
  • Enter the termination date of the lease
  • The Assignee must review and agree to the terms of the agreement

Step 3 – Signatures – Submit the following:

  • Enter the execution date of the document in dd/mm/yyyy format
  • Assignor(s) Signature(s)
  • Print the name(s) behind each Assignor(s) Signature
  • Date the Assignor(s) Signatures in mm/dd/yyyy format
  • AND
  • Enter the Assignee(s) Signature(s)
  • Print the name(s) behind the signature(s) of all Assignee(s)
  • Date the Signature(s) in mm/dd/yyyy format

Step 4 – Landlord’s Consent – The landlord must complete the following information:

  • Enter the landlord’s full name
  • The landlord’s City of residence
  • Landlord’s State of Residence
  • Submit the date in which the Assignor and Assignee had entered into the lease transfer agreement (with the permission of the landlord/property owner) in dd/mm/yyyy format
  • The landlord must read and agree to the agreement between the Assignor and Assignee
  • Enter the landlord’s signature
  • Print the landlord’s name
  • Date the landlord’s signature in mm/dd/yyyy format