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Agreement between old Tenant, new Tenant (Assignee) and Landlord, Assigning old Tenant's rights under Lease to New Tenant
Details:
Agreement between old Tenant, new Tenant (Assignee) and Landlord, Assigning old Tenant's rights under Lease to New Tenant.
Form Outline:
Assignment of Lease and Consent
THIS ASSIGNMENT made as of between (the "Tenant"), (the "Assignee") and (the "Landlord").
WHEREAS by a lease dated (the "Lease") made between... subject to the terms and conditions contained therein;
AND WHEREAS the Tenant wishes to assign to the Assignee, and the Assignee wishes to...;
AND WHEREAS in accordance with the terms and conditions of the Lease... ;
NOW THIS AGREEMENT WITNESSES that in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:
1. The Tenant hereby assigns to the Assignee...
2. The Tenant hereby represents and warrants to the Assignee that:
(a) notwithstanding any act of the Tenant...;
(b) the Tenant has not received any notice to... ;
(c) the Tenant has the full right, power and... ;
(d) subject to the payment of rent under the Lease...;
(e) the Tenant has not given to the Landlord any notice...
3. The Tenant shall and will...
4. The Assignee covenants to be bound by...
5. The Landlord hereby consents to...
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.
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