Assignment of Commercial Lease by Tenant

Are you a tenant in a commercial building who needs to assign your lease to a new tenant? Prepare an Assignment of Lease Agreement between yourself (or your company) as assignor, the new tenant who is taking over the lease as assignee, and the landlord, who must consent in writing to the assignment of the Lease. Provisions of the Assignment include:

• The assignor will remain liable to the landlord during the balance of the lease term for all amounts due under the Lease.
• By consenting to the assignment, the landlord does not give up any of its rights under the Lease.
• The assignor releases and waives all of its rights as tenant under the Lease, but is not released from any of its obligations.

This generic commercial leasing form is provided in MS Word format, and is fully editable to fit your circumstances.