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What is a Lease Assignment?
You can use a Lease Assignment to outline the terms for assigning the responsibilities of a lease to someone else. You need to make sure that the landlord has given his or her consent for the Lease Assignment to go into effect. The terms of assignment, consent of the lessor, and acceptance by the assignee are covered in this Lease Assignment, including the length of the assignment, consent of the person taking over the lease, and acceptance by you, the current lease holder. A Lease Assignment can be a simple way to legally transfer the responsibility for a lease when you have to move.
When to use a Lease Assignment:
- You want to transfer your lease to someone else.
- You'd like to take over someone's lease agreement.
- You're a landlord and up for your tenant transferring their lease.