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Assignment Of Lease
This Assignment is made on [Date], between [Name] of [Address], hereinafter referred to as Assignor, and [Name] of [Address], hereinafter referred to as Assignee, do hereby agree as follows:
For valuable consideration, the parties agree to the following terms and conditions:
1. The Assignor assigns all interest, burdens, and benefits in the following described lease to the Assignee:
This lease is attached to this Assignment and is a part of this Assignment.
2. The Assignor warrants that this lease is in effect, has not been modified, and is fully assignable. If the consent of the Landlord is necessary for this Assignment to be effective, such consent is attached to this Assignment and is a part of this Assignment. Assignor agrees to indemnify and hold the Assignee harmless from any claim which may result from the Assignor's failure to perform under this lease prior to the date of this Assignment.
3. The Assignee agrees to perform all of the obligations of the Assignor and receive all of the benefits of the Assignor under this lease. Assignee agrees to indemnify and hold the Assignor harmless from any claim which may result from the Assignee's failure to perform under this lease after the date of this Assignment.
4. This Assignment binds and benefits both parties and any successors. This document, including any attachments, is the entire agreement between the parties.
(Signature of Assignor)
(Signature of Assignee)
(Name of Assignor)
(Name of Assignee)
*** If Required By State Law ***
This Section for Notary:
STATE OF -------)
) ss: [date]
COUNTY OF ------)
On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
[Name of Notary Public]
My commission expires: [date]