Lease Assignment Agreement
Simply complete the Lease Assignment Agreement form below then click on View Results to see your completed contract.

LawDepot's Lease Assignment Agreement is:

  • Used when a tenant who is renting property from a landlord wants to transfer the entire interest that the tenant has in the property to a third party.
  • The third party assumes the lease and all rights and obligations under the lease that the tenant had with the landlord.
  • A Lease Assignment is not to be confused with a Sublease, in which the tenant transfers only some of his/her rights to a third party by leasing the property to the third party for a portion of the tenant's original lease term or only transfers a portion of the space rented in the original lease. A lease assignment transfers all of the rights that a person had under a lease to a third party for the remainder of the lease term.

We regularly maintain this contract. Last Modified: February 2012


Lease Assignment Agreement Details
Check to Show Hints for Completing this Form

This software has the flexibility to let you quickly create the Lease Assignment you want. It does this by providing many options with appropriate defaults.

One common default is 'Do Not Specify'. This default means that the finished agreement will not have a clause dealing with that topic. The benefit of not specifying is that you get a shorter and simpler document; however, the document will be less precise. Also, in some cases, the issue may not even be applicable. For example, if you do not want to specify whether utilities are included in the rent, then it is appropriate to pick 'Do Not Specify' for the answer to this question.

Governing Law
Province:
Q. What is the governing law of my Lease Assignment?

 A. The governing law will be the jurisdiction in which the leased premises is located, regardless of which jurisdictions the Assignor, Assignee and Landlord reside.
Assignor Information (the original tenant in the lease)
Number of Assignors: Q. Who is the Assignor?

 A. The Assignor is the Tenant from the original lease, who is now transferring his/her entire interest in the lease to someone else.

First Assignor's Information
Name:
Type:
Second Assignor's Information
Name:
Type:
Third Assignor's Information
Name:
Type:
Fourth Assignor's Information
Name:
Type:
Assignee Information (the new tenant)
Number of Assignors: Q. Who is the Assignee?

 A. The Assignee is the person who receives the lease interest from the original Tenant (the Assignor), and who becomes the new Tenant.

First Assignee's Information
Name:
Type:
Second Assignee's Information
Name:
Type:
Third Assignee's Information
Name:
Type:
Fourth Assignee's Information
Name:
Type:
Landlord Information (the original landlord in the lease)
Number of Landlords:

First Landlord's Information
Name:
Type:
Second Landlord's Information
Name:
Type:
Third Landlord's Information
Name:
Type:
Fourth Landlord's Information
Name:
Type:
Lease Information
Type: Q. If the property is a residential unit located above a commercial property, what type of lease is it?

 A. This situation would be classified as a residential lease, even though the property is contained within a commercial building.
Date of Original Lease: (e.g. June 1st, 2003)
Property Address:
(e.g. 55 Maple Street, Calgary, Alberta T2L 3N4
Suite #, Building Name, Street, City, Province or Territory and Postal Code)
Copy of Original Lease
A copy of the Original Lease:
Term of Assignment Q. What is the maximum term for which I can make the Lease Assignment?

 A. There is no statutory limit, but the assignment cannot exceed the remaining duration of the Master Lease's term.
Effective Date: (e.g. June 1, 2004)
End Date Under Lease: (e.g. June 1, 2005)
Release of Assignment
Is Assignor Liable if Assignee Breaches Lease?
Consent Q. Do I need to create the Landlord's Consent to Assign as part of the Lease Assignment?

 A. The Landlord's Consent to Assign should only be included in the Lease Assignment if the Landlord has not previously provided a written consent to that assignment.
Is the Landlord's Consent Included? Q. Do I need the consent of the Landlord to assign my lease to another person?

 A. Unless the Master Lease explicitly permits the Assignor to assign the lease, without the Landlord's consent, the Assignor must obtain the Landlord's written consent to assign the lease.
Signing Details Q. Who should sign the Lease Assignment Agreement?

 A. Both the Assignor and Assignee must sign the agreement, and it is strongly recommended that at least 2 witnesses also sign it.
Date Assignment to be Signed: Q. I do not know when the Lease Assignment will be signed. Can I fill in the date later?

 A. Yes, by selecting 'Unsure' as the date the agreement will be signed, a blank line will be inserted into the contract so that you can add the correct date after printing the document.
Date of Assignment: (e.g. June 1, 2005)