Ontario Assignment of Lease by Landlord

Assign an existing lease on a rental property to a new owner as part of the sale transaction with this Ontario Assignment of Lease by Landlord form.

• The Assignment is between the seller (current landlord), the purchaser of the property (new landlord), and the tenant.
• The tenant covenants to pay rent to the new landlord and continue to perform the tenant's obligations under the lease.
• The assignor and assignee agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• This form can be used for either a residential or commercial rental property in the Province of Ontario, Canada.
• This is a fully editable legal template in MS Word format.