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Assignment of Sublease

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					An Assignment of Sublease is when a tenant leases all, or a just a portion of, the
premises they are leasing from a landlord to a third party. Some leases require the
permission of the landlord for the sublease to be valid and binding. If necessary, this
agreement verifies that the landlord consents to the sublease. This document is ideal
for entities or individuals who want to sublease all or just a portion of a specific piece of
property.
                                ASSIGNMENT OF SUBLEASE
This Assignment of Sublease Agreement (this “Assignment”) is hereby entered into on this
____________ day of _______________, _______ by and between _______________
(“Assignor”) and __________ (“Assignee”).

WHEREAS, by a Master Lease fully executed on the ______ day of ___________, _________
(the “Lease”), _______________________ (“Landlord”) leased to Assignor the certain premises
municipally known as ___________________________________ [ADDRESS OF PREMISES],
more fully described in Exhibit “A” attached hereto (the “Leased Premises”), consisting of
approximately __________ [AMOUNT IN WORDS] (___ [AMOUNT IN NUMERALS])
square feet, for a term of __________ [AMOUNT IN WORDS] (___ [AMOUNT IN
NUMERALS]) years beginning ________, ____ [STARTING DATE] and subject to the terms
and conditions set forth therein;

WHEREAS, Assignor entered into a Sublease dated the _____ day of __________, _________
(the “Sublease”) wherein Assignor agreed to sublease and Assignee agreed to sublet the Leased
Premises for a term of __________ [AMOUNT IN WORDS] (___ [AMOUNT IN
NUMERALS]) years, less a day, commencing ________, ____ [STARTING DATE] and subject
to the terms and conditions set forth therein;

WHEREAS, Assignor, subject to Landlord’s consent as received, has agreed to sell and assign
its/his/her unexpired residual interest in the Sublease as amended unto the Assignee, and
Assignee has agreed to accept assignment of the Sublease;

WHEREAS, Assignor shall not be released from its/his/her obligations under the Sublease; and

WHEREAS, Assignor and Assignee consent to this Assignment on the following terms and
conditions.

NOW, THEREFORE, in consideration of the respective covenants and conditions herein
contained and the sum of _______ dollars ($____) now paid by Assignee to Assignor, the receipt
and sufficiency whereof is hereby acknowledged, Assignor does hereby grant and assign unto the
Assignee, Assignor’s interest in the Leased Premises together with the unexpired residue of the
said term of years and all renewals thereof and the Sublease and all benefits to be derived
therefrom, subject to the payment of the rents and the observance and performance of the
covenants, provisions, and conditions by Sublease contained therein.

AND Assignee hereby covenants to assume and perform all of the terms, covenants, conditions,
and agreements imposed by the Sublease as if it were an original signatory thereto.

AND Assignor hereby covenants with Assignee that: (1) notwithstanding any act by Assignor,
the Sublease is a good, valid, and subsisting sublease; (2) the rent reserved thereby has been duly
paid up to the __________ day of __________; (3) the covenants, provisos, and conditions of
Assignor have been duly observed and performed up to and including the date hereof; (4)
Assignor is entitled to assign the Sublease; (5) subject to the payment of the rent and the


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observance and performance of the covenants, provisos, and conditions of the Sublease,
Assignee may enjoy the Premises for the residue of the said term of years and any renewals
thereof, without interruption by Assignor or any persons claiming through it; and (6) Assignor
shall, at all times hereafter, at the request and cost of Assignee execute such further assurances in
respect of this Assignment as Assignee may reasonably require.

AND that notwithstanding the aforesaid, Assignor now has in his good right, full power and
absolute authority to assign the said Leased Premises and Sublease in the manner set forth
herein, according to the true intent and meaning of this Assignment, subject to the consent of
Landlord, as received.

AND that in accordance with paragraph ______ [PARAGRAPH NUMBER] of the Sublease,
Assignor shall not be released in any manner from its covenants and obligations owed under the
Sublease.

AND Assignee covenants with Assignor that Assignee shall and will, from time to time during
all the residue of the term granted by the said Sublease and every renewal thereof (if any), pay
the rent and perform Assignee’s Sublease covenants, conditions, and agreements therein
reserved, and indemnify and save harmless, to the fullest extent allowed by law, Assignor
therefrom and from all actions, suits, costs, losses, charges, damages, and expenses for or in
respect thereof.

AND it is hereby declared and agreed that this Assignment and everything herein contained shall
respectively enure to the benefit and be binding upon the parties hereto, their heirs, executors,
administrators, successors, and assigns respectively.

AND the parties acknowledge and agree that a facsimile signature from any party executing this
Assignment shall be binding upon the party. The parties further acknowledge that this
Assignment may be executed 
				
DOCUMENT INFO
Description: An Assignment of Sublease is when a tenant leases all, or a just a portion of, the premises they are leasing from a landlord to a third party. Some leases require the permission of the landlord for the sublease to be valid and binding. If necessary, this agreement verifies that the landlord consents to the sublease. This document is ideal for entities or individuals who want to sublease all or just a portion of a specific piece of property.
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