Lease Assignment

Lease Assignment

AGREEMENT, entered into as of the ______day of ______, 20 _____, between ______(hereinafter referred to as the “Assignor”), whose address is ______and ______(hereinafter referred to as the “Assignee”), whose address is______.

WHEREAS, the Assignor wishes to assign its Lease to certain rental premises for office use; and

WHEREAS, the Assignee wishes to accept the Lease assignment of such rental premises for such office use;

NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants hereinafter set forth and other valuable considerations, the parties hereto agree as follows:

1. The Lease. The Lease assigned is dated as of the ______day of ______, 20___, between______(referred to therein as the “Tenant”) and ______(referred to therein as the “Landlord”) for the premises described as ______and located at______. A copy of the Lease is attached hereto as Exhibit A and made part hereof.

2. Assignment. The Assignor hereby assigns to the Assignee all the Assignor’s right, title, and interest in the Lease and any security deposits held by the Landlord pursuant to the Lease.

3. Consideration. The Assignee has been paid $_____ and other good and valuable consideration for entering into this Agreement.

4. Performance. As of the date of this Agreement the Assignee shall promptly perform all of the Tenant’s obligations pursuant to the Lease, including but not limited to the payment of rent, and shall assume full responsibility as if the Assignee had been the Tenant who entered into the Lease.

5. Indemnification. The Assignor shall indemnify and hold harmless the Assignee from any and all claims, suits, costs, damages, judgments, settlements, attorney’s fees, court costs, or any other expenses arising with respect to the Lease prior to the date of this Agreement. The Assignee shall indemnify and hold harmless the Assignor from any and all claims, suits, costs, damages, judgments, settlements, attorney fees, court costs, or any other expenses arising with respect to the Lease subsequent to the date of this Agreement.

6. Benefited Parties. The Assignee’s obligations assumed under this Agreement shall be for the benefit of the Landlord as well as the benefit of the Assignor.

7. Right to Assign. The Assignor warrants that the premises are unencumbered by any judgments, liens, executions, taxes, assessments, or other charges; that the Lease has not been modified from the version shown as Exhibit A; and that Assignor has the right to assign the Lease.

8. Landlord’s Consent. If the Landlord’s consent must be obtained prior to assignment of the Lease, that consent has been obtained by the Assignor and is attached hereto as Exhibit B and made part hereof.

9. Recordation. The Lease has been recorded in the office of ______on the ____ day of ______, 20___, and is located at ______.

10. Additional Provisions. ______

11. Miscellany. This Agreement shall be binding upon the parties hereto, their heirs, successors, assigns, and personal representatives. This Agreement constitutes the entire understanding between the parties. Its terms can be modified only by an instrument in writing signed by both parties unless specified to the contrary herein. A waiver of a breach of any of the provisions of this Agreement shall not be construed as a continuing waiver of other breaches of the same or other provisions hereof. This Agreement shall be governed by the laws of the State of ______.

IN WITNESS WHEREOF, the parties hereto have signed this Agreement as of the date first set forth above.

Assignee ______Assignor ______

Company Name Company Name

By______By______

Authorized Signatory, Title Authorized Signatory, Title