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Document Id : 2602
File Type : Microsoft Word
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Arkansas Assignment of Lease by Landlord
AR landlords, assign an existing lease after the sale of your rental property to the new owner with this Arkansas Assignment of Lease by Landlord form.
- The Assignment is between the seller, the purchaser of the property (the 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 seller and purchaser agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
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