Consent to Assignment of Lease ____________________, Landlord, ________________, Tenant and ________________, Assignee agree as follows: 1. Tenant has leased the premises at __________________________ from Landlord. 2. The lease was signed on _______________________199___ and will expire on ________________________, 199___. 3. Tenant is to assigning the balance of Tenant's lease to Assignee, beginning on __________________________ 199___ ,and ending on __________________________ 199___. 4. Tenant's financial responsibilities under the terms of the lease are not ended by virtue of this assignment. Specifically, Tenant understands that: a. If Assignee defaults and fails to pay the rent as provided in the lease, namely on __________________________199___, Tenant will be obligated to do so within ___________ days of being notified by Landlord; and b. If Assignee damages the property beyond normal wear and tear and fails or refuses to pay for repairs or replacement, Tenant will be obligated to do so. 5. As of the effective date of the assignment, Tenant permanently gives up the right to occupy these premises. 6. Assignee is bound by every term and condition in the lease that is the subject of this assignment. Date: ____________________ Landlord: ____________________________ Date: ____________________ Tenant: ______________________________ Date: ____________________ Assignee: ____________________________ |
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