British Columbia Assignment of Lease by Landlord

Transfer a tenant's lease to the new owner of a BC rental property with this British Columbia Assignment of Lease by Landlord template.

• The Assignment is between the seller (current landlord or "assignor"), the purchaser of the property (new landlord or "assignee"), 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.
• The Assignment can be used for both commercial and residential rental properties.