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Assignment of Personal Property Lease with Acceptance and Assumption of Obligations of Lessee and Consent of Lessor
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Assignment of Personal Property Lease with Acceptance and Assumption of Obligations of Lessee and Consent of Lessor Powered By Docstoc
					            Assignment of Personal Property Lease with Acceptance
         and Assumption of Obligations of Lessee and Consent of Lessor

Assignment made (date), by (Name of Assignor), of (street address, city, state, zip
code), hereinafter called Assignor, to (Name of Assignee), of (street address, city, state,
zip code), hereinafter called Assignee.

For and in consideration of $__________ and other good and valuable consideration,
the receipt of which is acknowledged, Assignor assigns to Assignee all of Assignor's
interest in a/an (e.g., Equipment) Lease dated (date), made between Assignor, as
Lessee, and (Name of Lessor), as Lessor, of (street address, city, state, zip code), and
to the security deposit made by Assignor as Lessee under the Lease, subject to all the
terms, conditions, covenants, and agreements contained in such Lease. A true copy of
such (e.g., Equipment) Lease is attached to this Assignment as Exhibit A and made a
part hereof.

				
DOCUMENT INFO
Description: An assignment of a lease is a transfer by the assignee of the assignor’s entire interest in the lease to a third person. An express promise by the assignee is generally necessary to make the assignee liable for the obligations of the lease to the original lessor. When a lease is assigned, the original lessee will generally remain liable for the obligations of the lease. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
PARTNER William Glover
I received my B.B.A. from the University of Mississippi in 1973 and my J.D. from the University of Mississippi School of Law in 1976. I joined the firm of Wells Marble & Hurst in May 1976 as an Associate and became a Partner in 1979. While at Wells, I supervised all major real estate commercial loan transactions as well as major employment law cases. My practice also involved estate administration and general commercial law. I joined the faculty of Belhaven College, in Jackson, MS, in 1996 as Assistant Professor of Business Administration and College Attorney. While at Belhaven I taught Business Law and Business Ethics in the BBA and MBA programs; Judicial Process and Constitutional Law History for Political Science Department); and Sports Law for the Department of Sports Administration. I am now on the staff of US Legal Forms, Inc., and drafts forms, legal digests, and legal summaries. I am a LTC and was Staff Judge Advocate for the Mississippi State Guard from 2004-2008. I now serve as the Commanding Officer of the 220th MP BN at Camp McCain near Grenada, MS. I served on active duty during Hurricanes Dennis (July, 2005), Katrina (August, 2005) and Gustav in 2008. I played football at the University of Mississippi in 1969-1971 under Coach John Vaught. I am the author of the Sports Law Book (For Coaches and Administrators) and the Sports Law Handbook for Coaches and Administrators (with Legal Forms),