ASSIGNMENT OF LEASE
THIS ASSIGNMENT OF LEASE (the “Assignment”) is made and entered into this
________________ day of __________________ 20__ , by and between _________________of
__________________________________, (the “Landlord”), __________________ of
_______________________________________ (the “Assignor”), and
____________________of ___________________________________(the “Assignee”)
A. The Assignor is the Tenant under certain Lease Agreement dated _______________
_____________ (the “Lease”) entered in between Assignor and the Landlord, with respect to the
following premises: ______________________________________
______________________________________________ (the “Premises”). A true copy of the
Lease is attached as Schedule A to this Assignment.
B. The Assignee desires to take assignment of the Lease and the Assignor desires to assign
the Lease to the Assignee.
C. The Landlord consents to this Assignment.
For good and valuable consideration, it is agreed by and between the parties that:
The Assignor assigns, transfers and delivers to the Assignee all of Assignor's rights under the
Lease, including the Security Deposit held in trust by the Landlord.
2. RENTS AND OTHER PAYMENT
The Assignee agrees and accepts to pay all rents and to perform all obligations of the Assignor
under the Lease from the effective date of this Assignment. The Assignee further agrees to
indemnify and hold harmless the Assignor from any breach of Assignor’s obligations hereunder.
The effective date of this Assignment will be _________________, 20________. All rents and
other charges accrued under the Lease prior to this effective date shall be fully paid by Assignor,
and thereafter by the Assignee.
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4. LANDLORD’S CONSENT FOR ASSIGNMENT
The Landlord consents to the assignment by the Assignor to the Assignee of the Lease as set out
in the Deed provided by that this consent is restricted to the particular assignment authorised and
the covenant in the Lease against sub-letting assignment or transfer for the Lease or parting with
the possession of the Leased Premises or any part thereof remains in full force and effect.
5. ASSIGNOR NOT RELEASED
Subject to the provisions of the ________________ Act, nothing contained or implied will be
deemed to release, discharge or limit the liability of the Assignor to the Landlord under the Lease
or any prior deed of assignment of the Lease for the term or any extension of renewal thereof. In
the event of breach by Assignee, Landlord shall give Assignor a written notice of such default
and Assignor shall have full rights to commence all actions to recover possession of the leased
premises (in the name of Landlord, if necessary) and retain all rights for the duration of said
Lease provided it shall pay all accrued rents and cure any other default. The Assignee shall not
further assign the Lease or sublet or transfer the Premises, or any part thereof, without the prior
written consent of the Landlord
5. POWER OF ATTORNEY BY ASSIGNEE
The Assignee irrevocably constitutes and appoints the Landlord and if the Landlord is a
corporation each and every one of the directors and other officers of the Landlord jointly and
severally the agent and attorney of the Assignee to perform all acts, matters and things and
execute all deeds instruments and documents which the Landlord was authorised to perform or
execute on behalf of the Lessee in accordance with the provisions of the Lease and the Assignee
ratifies and confirms and allows and agrees to ratify and confirm and allow all whatsoever the
Landlord lawfully does or causes to be done under or by virtue of this Deed.
6. COSTS AND STAMP DUTIES
The costs of and incidental to the inst