Use this lease assumption agreement template to create a document that allows you to transfer your lease to someone else legally and easily. The Assignor wishes to assign the Lease to the Assignee and the Assignee desires to assume the Lease from the Assignor.Free Lease Assignment Agreement. Answer a few simple questions. Assignor desires to assign all of its right, title and interest in the Lease to Assignee and Assignee desires to assume Assignor's obligations under the Lease. Lease assumption, commonly called a lease transfer, is a process in which a new party takes over a lease contract. Get to grips with assumption agreements. This simple guide explains their purpose, key elements, and how they affect your business dealings. How to fill out the Assignment and Assumption of Lease Agreement? 1. Enter the names and addresses of the Landlord, Assignor, and Assignee.