Assignment of Residential Lease

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					                            ASSIGNMENT OF RESIDENTIAL LEASE

         This Assignment of Lease (the “Assignment”) is made and effective as of _________ __,
20____ (the “Effective Date”) by and between ______________, [an individual] [corporation]
[etc.] (the “Assignor”) and _______________________, [an individual][corporation][limited
liability company] [etc.] (the “Assignee”). The Assignor and the Assignee may be referred to
individually as a “Party” or collectively as the “Parties.”

                                                    RECITALS

       WHEREAS, the Assignor, as lessee, is party to that certain lease agreement with
_______________, as lessor (the “Landlord”), dated as of ____________, a copy of which is
attached as Exhibit A hereto and made a part hereof by reference (the “Lease”); and

        WHEREAS, the Lease covers certain property located at
_________________________________________, and more particularly described as follows:
______________________________________________________________________________
____________________________________________________________________________
(the “Premises”); and

        WHEREAS, the Assignor wishes to assign all of its rights and obligations under the
Lease and to the Premises to the Assignee, and the Assignee wishes to accept this assignment of
interest in the Lease and the Premises and to assume these obligations on the terms and
conditions set forth in this Assignment.

        NOW THEREFORE, in consideration of the above recitals, the mutual promises and
benefits contained herein, and other good and valuable consideration, the receipt of which is
acknowledged, the Parties hereby agree as follows:

    1.      ASSIGNMENT.

The Assignor hereby assigns, transfers, sets over, and delivers to the Assignee of all its right,
title, an
				
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posted:8/7/2009
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Description: This contract assigns agreed upon private property to the assignee in exchange for rent and other stated conditions and covenants.
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