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Form #1155Assignment Indorsed on Lease
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Assignment indorsed on
lease.
For value received, the undersigned, lessee described
in within instrument, hereby assigns all right, title and interest in and to
such lease to _________, _________'s heirs, executors, administrators,
successors, and assigns, and in consideration of consent to this assignment by
lessor, guarantees performance by assignee, or by assignee's heirs, executors,
administrators, successors, or assigns, of all agreements and conditions
contained in such lease, on part of lessee or assignee to be performed. In the
event, however, of failure of assignee to perform any of agreements contained
in such lease, this assignment shall not be taken to modify or limit in any
manner obligations of this assignor, created by such lease, but lessor or
lessor's heirs, executors, administrators, successors, or assigns, may have
such remedies against this assignor, including the confession of judgment for
moneys due as by this lease provided, in same manner as if this assignment had
not been made. Lessee, assignor herein, for the consideration aforesaid, hereby
waives all right to any and all notice from lessor, lessor's heirs, executors,
administrators or assigns, of agreements broken by assignee or for rent or
moneys due from assignee, assignee's heirs, executors, administrators,
successors, or assigns, or of assignment made by assignee's or them.
Lessee, assignor herein, for consideration aforesaid,
agrees the taking by lessor of any remedy as by confession of judgment against
assignee or guarantor shall not preclude lessor from exercise of such remedy
against assignor, but lessor may have the same remedy against lessee, assignor,
and assignee and guarantor at the same or different times, and lessor shall be
limited only, and at all events, to one satisfaction for any debts or
obligations that may accrue under or by virtue of within lease, or assignment
thereof, or any extension or renewal thereof, or by virtue of any holdover
after termination thereof, or which may accrue by virtue of the breach of any
agreement therein contained.
Witness the hand and seal of the undersigned assignor
this _________ day of _________[year].
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or any other commercial use is prohibited. This includes reposting forms from this
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Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
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is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
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Keywords: Assignment Indorsed on Lease, Real Estate, lease, legal documents
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