VIEWS: 42 PAGES: 2 CATEGORY: Legal Forms POSTED ON: 5/19/2010
Get your landlord's consent to assign your lease or sublet your rental unit for the rest of the lease term with this New Jersey Permission Agreement to Sublet or Assign Lease. - The new tenant must meet the landlord's requirements, and the landlord must give its written approval of the new tenant. - The form contains clauses for either an assignment of the lease or a sublease of the premises. - The landlord has the option to hold the existing tenant responsible for performing the tenant's obligations until the end of the lease term, or alternatively, to release the tenant from all obligations under the lease once a new tenant is approved. This New Jersey Permission Agreement to Sublet or Assign Lease is available as a downloadable and fully editable MS Word template.
PERMISSION TO SUBLET OR ASSIGN LEASE AGREEMENT THIS AGREEMENT made effective as of the _____ day of ______________, _______. BETWEEN: TENANT [address], [City], New Jersey (the “Tenant”) - and - LANDLORD [address], [City], New Jersey (the “Landlord”) regarding the premises of Landlord located at _______________________ [insert address of leased premises], ________________ [city], New Jersey and leased to Tenant under a lease (the “Lease”) dated ____________________ [insert lease date], the term of which will expire on ________________ [insert expiry date]. Now therefore it is agreed as follows: 1. Landlord hereby grants Tenant permission to: [choose the appropriate option and delete the option which does not apply] (a) sublease the premises described above for the remainder of the term of the Lease; OR (b) assign the Lease for the remainder of the term of the Lease. 2. Any and all subtenants and/or assignees shall be required to conform to all obligations and covenants of the Tenant as set forth in the Lease, all provisions of the Lease remaining in full force and effect for the entire term of the sublease. In no event shall Landlord lose, relinquish or receive less rent than Landlord would receive if Tenant remained in the premises. 3. Any and all adult subtenants shall be required to complete the Landlord's standard rental application and must meet the usual character, employment and credit requirements for tenancy. 4. In the event legal action is required to enforce any provision of this Agreement, the prevailing party shall be entitled to recover reasonable attorney's fees and costs. 5. Ten
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