Consent by Lessor to Assignment of Lease

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Consent by Lessor to Assignment of Lease A consent by the landlord to the assignment of a lease

Form 9.8

CONSENT BY LESSOR TO ASSIGNMENT OF LEASE THIS CONSENT BY LESSOR TO ASSIGNMENT OF LEASE (“Consent”) is made and entered into as of this day of , 20__ (“Effective Date”), by _______________________ (“Lessor”) in favor of _______________________ (“Assignor”). RECITALS: A. Assignor, as lessee, and Lessor have executed that certain Lease, dated _________ (the “Lease”), covering those certain premises and related improvements described on Exhibit A attached hereto (the “Premises”). B. Assignor desires to assign its rights as lessee in the Lease to _____________ (“Assignee”) and Assignee desires to accept the assignment of the Lease and to assume the obligations of Assignor under the Lease, and Lessor is willing to consent to such assignment and assumption on the terms and conditions set forth in this Consent. NOW, THEREFORE, in consideration of the payment by Assignor of Dollars ($ ), payable on or before ______________, 20____, the parties hereby agrees as follows: 1. Consent to Assignment. Lessor hereby consents to the assignment of the Lease to Assignee on the terms and conditions of the Assignment of Lease of even date herewith delivered to Lessor. Lessor’s consent to the assignment of the Lease to Assignee shall not be deemed to be a consent to any other or subsequent assignment. 2. Release. Lessor, on behalf of itself and its representatives, agents, heirs and assigns, release and discharge Assignor, Assignor’s former, current or future officers, employees, representatives, agents, fiduciaries, attorneys, directors, shareholders, insurers, predecessors, parents, affiliates, benefit plans, successors, heirs, and assigns from any and all claims, liabilities or obligations of every kind and nature, whether now known or unknown, suspected or unsuspected, which Lessor ever had or now have against any of them. The released claims include without limitation any claims arising out of or related to the Lease and/or any of the conditions, events, transactions or series of transactions related thereto. The released claims also specifically include all claims arising unde
				
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posted:8/6/2009
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Description: This is a form where a landlord consents to the assignment of a commercial lease in exchange for the payment of a designated amount. It is designed to be protective of the assignor (the tenant).
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