District of Columbia Consent to Assignment by Lessor

State:
Multi-State
Control #:
US-OG-039
Format:
Word; 
Rich Text
Instant download

Description

Some leases require the consent of the lessor to any assignment to be made of a lease by the lessee. This form provides for that consent, specifically providing that it will not be deemed a consent to any subsequent assignments made of the lease.

How to fill out Consent To Assignment By Lessor?

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FAQ

The consent to assign Such provisions function to limit the ability of one or both parties in an oil and gas lease from assigning their interests under the lease to a third party. To assign one's interest means to transfer one's rights and/or obligations under the lease to a different party.

(a) A tenant shall allow access to his or her dwelling unit, at reasonable times, to the unit owner or the owner's employee or representative to facilitate any work or inspection required under this subchapter following the provision of written notice by the owner at least 48 hours prior to the work or inspection; ...

Assignment of rents A written agreement wherein the owner of a property gives another party, such as the mortgagee or creditor, the right to collect rents, manage the property, pay expenses, and apply the net income toward delinquent mortgage payments.

Most negotiated leases will instead contain a provision requiring that landlord's consent to an assignment is required, but such consent will not be unreasonably withheld. The tenant will likely also try to include landlord's obligation to not unreasonably delay or condition its consent.

An assignment of contract is a legal clause that allows for one party of a contract to transfer the rights, obligations, and responsibilities of that contract to another party. The party who is giving away the responsibility of the contract is the assignor and the party receiving is the assignee.

Assignment of contract involves one party transferring the rights of a real estate purchase agreement to another party. This real estate investing strategy can involve time and financial pressure, but the assignor can potentially make a quick buck.

A form of landlord's consent favoring the tenant. This form of consent is used when a tenant requests the landlord's consent for an assignment of its lease and the landlord agrees to grant its consent.

Primary tabs. Assignment is a legal term whereby an individual, the ?assignor,? transfers rights, property, or other benefits to another known as the ?assignee.? This concept is used in both contract and property law. The term can refer to either the act of transfer or the rights/property/benefits being transferred.

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District of Columbia Consent to Assignment by Lessor