Pennsylvania Consent of Assignment

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					                                                             Consent of Assignment

                          This Consent of Assignment is intended to be used to consent to assign rights
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                          and obligations under a lease to third party. This document is intended to ensure
                          proper timing with regard to transfer of rights and liabilities under the lease.

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                                 CONSENT OF ASSIGNMENT

This Consent of Assignment (“Assignment”) is entered into as of _____ [Month] _____ [Date],
20_____, by and between ___________________________________ [Instruction: Insert the
name       of     assignor]    (hereinafter     referred     to     as      “Assignor”)       and
___________________________________ [Instruction: Insert the name of assignee]
(hereinafter referred to as “Assignee”). For the purpose of this Agreement, Assignor and
Assignee are sometimes individually referred to as the “Party” and collectively referred to as the


WHEREAS, Assignor is a Party to that certain Lease dated _____ [Month] _____ [Date],
20_____, with ___________________________________ [Instruction: Insert the name of the
landlord under lease] as landlord, (the “Lease”).

WHEREAS, Assignor desires to assign all right, title and interest of Assignor in and to the
Lease to Assignee, and Assignee desires to accept such assignment and assume all obligations of
Assignor under the Lease, effective 12:01 a.m. on the date hereof (“Effective Time”).

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants herein
contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties hereto agree as follows:


   Assignor hereby consents to transfer, assign and set over to Assignee all right, title and
   interest of Assignor in and to the Lease as of the Effective Time of this Assignment, and such
   transfer is permitted under the Lease. Assignor shall remain liable for all obligations relating
   to the Lease which arose or accrued prior to the Effective Time, and Assignor hereby
   indemnifies and agrees to defend and hold harmless Assignee and its trustees, officers,
   directors, partners, shareholders, members, employees, agents and their successors and
   assigns, from and against any and all losses, liabilities, damages, costs and expenses,
   including reasonable attorneys’ and other professionals’ fees (including a reasonable estimate
   of the allocable costs of
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Description: This is an agreement entered into between two parties whereby one party assigns or transfers a lease to a new party. This document can only be used if such transfer is permitted under the original lease. This agreement will transfer the original tenant�s (the �Assignor�) rights and interests in the leased premises to a new party (the �Assignee�). This agreement should be used by individuals or entities located in Pennsylvania that wish to assign their lease to a new party when such assignment is permitted under the original lease.
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