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Assignment of Lease by Lessee with Consent of Lessor

An assignment consists of a transfer of property or some right or interest in property from one person to another. Unless an assignment is qualified in some way, it is generally considered to be a transfer of the transferor's entire interest in the interest or thing assigned. Unless there is a statute that requires that certain language be used in an assignment or that the assignment be in writing, there are really no formal requirements for an assignment. Any words which show the intent to transfer rights under a contract are sufficient to constitute an assignment. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
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Assignment of Lease by Lessee with Consent of Lessor Assignment made as of __________________ (date) by ___________________ (Name of Assignor) of ___________________________________________________ _____________________________ (street address, city, county, state, zip code), hereinafter called Assignor, to ____________________ (Name of Assignee) of ______________________________________________________________________ (street address, city, county, state, zip code), hereinafter called Assignee. For and in consideration of the mutual covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor assigns and transfers to Assignee that certain Lease dated ____________________ (date), executed by Assignor as Lessee and by ________________________ (Name of Lessor) of ____________________________ ______________________________________________________ (street address, city, county, state, zip code), as Lessor, of the premises described in Exhibit A attached hereto and made a part hereof, together with all Assignor?s right, title, and interest in and to the Lease and hereinbefore described premises, subject to all the conditions and terms contained in the Lease, to have and to hold from ______________ (date), until the present term of the Lease expires on _________________ (date). A copy of the Lease is attached hereto as Exhibit B and made a part hereof by reference.

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