Use this lease assumption agreement template to create a document that allows you to transfer your lease to someone else legally and easily. All you have to do is fill out our easy-to-understand questionnaire.This assignment and assumption of lease agreement template transfers a tenant's interest under a Virginia commercial lease to a third party. Use this free Virginia lease agreement template to draft future rental agreements across the state of Virginia. 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. Follow the instructions below to fill out Assignment of Lease from Lessor with Notice of Assignment - Virginia online quickly and easily.