Assignment of Residential Lease Form

An assignment of residential lease form is used by the original tenant of a residential lease agreement to assign his or her right and responsibilities under that lease to another tenant. Sometimes the tenant may have to leave the city for another job or other personal and financial reasons. In such a case, the original tenant can assign his or her rights and responsibilities to someone else, provided he gets the consent from the landlord. Through this new contract, the original tenant is released from most liabilities and the new tenant has to pay the rent and follow the other terms and conditions mentioned in the original lease agreement.

Sample Assignment of Residential Lease Form

Details of Landlord

Name:                                                         Email ID:

Address:                                                     Phone number:

Details of Assignor

Name:                                                         Email ID:

Address:                                                     Phone number:

Details of Assignee

Name:                                                         Email ID:

Address:                                                     Phone number:

Address of property:

Date of original lease agreement:

Term of original lease agreement:

Date of assignment of residential lease:

This assignment of residential lease form is created by and between the landlord, the assignor and the assignee. The assignor has agreed to assign the lease of the property mentioned above to the assignee, subject to obtaining the landlord’s consent to such assignment. The assignor hereby transfers the lease and all privileges, together with the unexpired residue of the lease term, and all benefits and responsibilities to the assignee. The assignee shall now be responsible for paying the rent as part of the original lease.

Signature of Landlord

Date

Signature of Assignor

Date

Signature of Assignee

Date

Category: Landlord Forms