Assignment of Real Estate Lease Agreement for all Australian States
When to Use this Agreement
Assigning a real estate lease permits the tenant (the person responsible for fulfilling the lease obligations) to transfer their rights and obligations to another party for the remainder of the lease term.
This agreement is suitable for Commercial and Retail Leases assignments.
The new tenant "the assignee" agrees to assume the rights and obligations of the original tenant "the Assignor" by accepting all the terms and conditions of the lease. Once executed with the Property owner’s permission, the original tenant will be released from any obligations under the lease or make further payments to the landlord should the new tenant default.
Alternatively if you are unable to obtain the landlords permission to assign you can always sublet the property. See Commercial Property Sublease Agreement
Each state has different tenancy laws (particularly with regard to retail leases) so the Assignment of Lease Agreement is State specific.
Your professionally drafted, easy to use assignment of lease agreement is available for immediate download. The document comes to you as a Microsoft Word and PDF template that can be used as often as you like. Simply insert the correct information in the appropriate field and tab to the next. Now print your professional agreement!
The Contract includes the following provisions -
View Sample Document