This assignment and assumption of lease agreement template transfers a tenant's interest under a Minnesota commercial lease to a third party. Use this lease assumption agreement template to create a document that allows you to transfer your lease to someone else legally and easily.Edit, sign, and share Assignment of Lease and Rent from Borrower to Lender - Minnesota online. This Assumptor Affidavit shall be considered part of the application for the assumption, and is incorporated therein. All you have to do is fill out our easy-to-understand questionnaire. The following pages describe what the law requires of both landlords and tenants in a typical rental agreement. Access Your Form Now. An assignment and assumption of lease is a legal real estate document that allows one party to transfer rights and obligations of a lease to another party.