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Form #1164Combination Assignment of Lease, Consent of Lessor, and Acceptance by Assignee
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Combination assignment
of lease, consent of lessor, and acceptance by assignee.
This indenture made and executed in triplicate parts
_________[year], by and between _________, of _________, state of
_________, lessee _________, of _________, state of _________, assignee, and
_________, of _________, state of _________, lessor, witnesses:
As lessor, by a certain indenture made and executed
_________[year], leased to lessee, for and during the term of _________
years beginning on the first day of _________[year], and ending on the
thirty-first day of _________[year], a certain piece or parcel of real
estate, situated in the city of _________, county of _________ and state of
_________, described as follows: _________; and
As it is provided by the _________ paragraph of such
lease that at any time during the term when lessees are not in default under
lease, lessees may assign their entire interest to any financially responsible
person of good character provided lessees shall first give lessor, at least 20
days before making of such assignment, a notice in writing stating name,
business and business or residence address of proposed assignee, and such
assignee shall, at such time as such assignment is made, bind assigner,
assignee's heirs, legal representatives and assigns, by a legal and sufficient
instrument in writing, duly executed and acknowledged and recorded in office of
_________ of _________ county, _________, to perform, discharge and fulfill all
lessees' engagements and undertakings under lease, and
As lessee has notified lessor of lessee's intention to
assign all of lessee's one-half interest in lease to assignee, and lessor has
accepted such notice in full compliance with paragraph _________ of lease, and
is willing to consent to such assignment on conditions provided by lease.
It is therefore agreed by and between the parties hereto
as follows:
1. Lessee, for and in consideration of one dollar and
other valuable considerations to lessee in hand paid by assignee, hereby
assigns all right, title and interest in and to lease and balance of term
thereby created, to assignee, assignee's heirs, legal representatives and
assigns.
2. Assignee, in consideration of assignment and of
consent to assignment by lessor, hereby agrees for assignee, assignee's heirs,
legal representatives and assigns, that will faithfully perform, discharge and
fulfill all of lessees' engagements and undertakings under lease and will pay
to lessor, lessor's heirs, legal representatives or assigns, all rent reserved
under lease, as rent may become due and payable, in manner and form as
assignor, _________, is obligated so to do by lease.
3. Lessor, in consideration of assignment and
agreement of assignee to perform, discharge and fulfill all lessees'
engagements and undertakings under lease, hereby consents to such assignment
and to the substitution of assignee in place of lessee, in respect to lessee's
liability as lessee created by lease, from further liability under lease.
In witness whereof, etc.
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Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
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form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
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
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
Close
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Keywords: Combination Assignment of Lease, Consent of Lessor, and Acceptance by Assignee, Real Estate, Lease, contracts
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