SLS Banner

Assignment of Lease - Multiple Tenants

Form: Assignment of Lease - Multiple Tenants

[Download this form as a .doc (Word) file]


Consent to Assignment of Lease

[Scenario: more than one tenant is on original lease, one of those tenants is moving out, one or more tenants are staying, a new tenant is moving in]

 

Landlord: ________________________
Tenant: __________________________  [current tenant that is moving out]
Assignee: ________________________   [new tenant that is moving in]

 

Landlord, Tenant, and Assignee agree as follows:

1. Location of Premises

Tenant has leased the premises located at _______________________________ from Landlord, pursuant to a Lease Agreement dated ___________, between [name(s) of current tenant(s) who will remain in apartment] and Tenant (collectively as co-tenants) and Landlord (the “Lease”).

 

2. Lease Beginning and Ending Dates

The lease was signed on __________________, and the initial 12-month term of the Lease expires on __________________.

 

3. Assignment

Tenant hereby assigns all of his/her interest in the Lease to Assignee, beginning on ___________.

 

4. Tenant's Future Liability

Tenant's financial responsibilities under the terms of the lease are ended by this Assignment. Specifically, Tenant's responsibilities for future rent and future damage are ended.

 

5. Tenant's Right to Occupy Terminated

As of the date of this Assignment, Tenant permanently gives up the right to occupy the premises.

 

6. Binding Nature of Agreement

Assignee is bound by every term and condition in the Lease, including but not limited to the payment of rent.  [Name of current tenant(s) staying in apartment] continue(s) to be bound by every term and condition in the Lease, including but not limited to the payment of rent.

 

7. Assignment of Security Deposit

Tenant assigns all of his/her interest in the security deposit to Assignee, and will have no right to request any portion of the security deposit from Landlord.  Assignee has reimbursed Tenant for his/her share of the security deposit.

_________________________________________    ________________
Landlord's signature                                                      Date

_________________________________________
Print name

_________________________________________    ________________
Tenant's signature                                                         Date

_________________________________________
Print name

_________________________________________    ________________
Assignee's signature                                                      Date

_________________________________________
Print name