Examples of Lease Assignment in a sentence
At any time and from time-to-time, and without any further consent from or approval by Lessor, Lessee may cause or permit to occur a Permitted Lease Assignment.
Within a Lease Assignment Agreement, there is not that much information included, except the basics: names and identifying information of the parties, assignment start date, name of landlord, etc.
What this means is that all of the terms in the original lease are deemed to be included in the Lease Assignment Agreement.
Any Lease Assignment shall be on MANAGEMENT’S form (Lease Assignment Addendum and Deposit Brief) and it shall be signed by ALL persons therein designated.
A Lease Assignment Agreement is different than a Sublease Agreement because the entirety of the lease interest is being transferred in an assignment.