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Document Id : 2658
File Type : Microsoft Word
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PEI Assignment of Lease by Landlord
Assign an existing lease on a PEI rental property to a new owner with this Prince Edward Island Assignment of Lease by Landlord.
- The Assignment is between the seller, 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 seller and purchaser agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
- The template can be used for both commercial and residential rental properties.
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