This Assignment of Lease is for use if one party to a lease is assigning its full interest in the lease to another party. This effectively substitutes one party for another under a lease.
This particular assignment form has both of the parties agreeing to indemnify and hold each other harmless for any failures to perform under the lease while they were the party liable under it. This indemnify and hold harmless clause simply means that if a claim arises for failure to perform, each party agrees to be responsible for the period of their own performance obligations.
A copy of the original lease should be attached to this form. A copy of a Consent to Assignment of lease should also be attached, if necessary.
This Assignment of Lease form is professionally formatted, prepared by a top attorney, can be easily modified, downloaded instantly, includes free customer support, and is backed by our 100% money-back satisfaction guarantee.
This Assignment of Lease also includes:
1. Instructions & Checklist;
2. Detailed information; and
3. Assignment of Lease fill-in-the-blank form.
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