It allows one party to "assume" the rights and responsibilities of the other party. Use this lease assumption agreement template to create a document that allows you to transfer your lease to someone else legally and easily.Before visiting any of LADBS's offices, you can download, print, and fill out forms at home. In real estate transactions, an assumption agreement allows a third party to "assume" or take over the loan of the property's seller. These forms are now available at the Department of City Planning's Forms page. Forms to Complete Online and Print. Distributors Assumption Agreement - Television. This is a sample copy of a common Distributors Assumption Agreement.