PEI Permission Agreement to Sublet or Assign Lease

PEI tenants, assign your lease or sublet the premises with this Prince Edward Island Permission Agreement to Sublet or Assign Lease.

• The landlord must consent to the assignment or sublease.
• The new tenant must meet the landlord's requirements, and the landlord must give its written approval of the new tenant.
• The form contains clauses for either an assignment of the lease or a sublease of the premises.
• The landlord has the option to hold the existing tenant responsible for performing the tenant's obligations until the end of the lease term, or alternatively, to release the tenant from all obligations under the lease once a new tenant is approved.