North Carolina Sample Letter for Assignment of Lease

State:
Multi-State
Control #:
US-0327LTR
Format:
Word; 
Rich Text
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This form is a sample letter in Word format covering the subject matter of the title of the form.
[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Landlord's Name] [Landlord's Address] [City, State, ZIP Code] Subject: Assignment of Lease Agreement for [Property Address] Dear [Landlord's Name], I hope this letter finds you well. I am writing to officially request an assignment of lease for [Property Address], as permitted under the North Carolina General Statutes (Chapter 42, Article 2). As the current tenant of the aforementioned property, I have found a qualified and responsible individual, [Assignee's Name], who is willing to assume all rights, obligations, and responsibilities under the existing lease agreement. This assignment is subject to your approval and the terms outlined in the lease agreement. [Assignee's Name] has met all the necessary criteria set forth by you, including satisfactory reference checks and financial stability. Therefore, I kindly request you to consider this assignment to facilitate a smooth transition and maintain the continuity of the property's occupancy. In accordance with North Carolina law, I have provided [Assignee's Name] with a copy of the original lease agreement, including all addendums and amendments, to ensure they fully understand their obligations as the new tenant. They have indicated their willingness to comply with all terms and conditions of the agreement. Should you approve this assignment, I kindly request that a written acknowledgment of the assignment be sent to both myself and [Assignee's Name]. This acknowledgment should state that [Assignee's Name] has assumed all rights and responsibilities under the lease agreement, effective from the agreed-upon date. Upon the completion of this assignment, I shall be relieved of any further lease obligations, and all future correspondence, including rent payments and property-related concerns, should be directed to [Assignee's Name] henceforth. I appreciate your prompt attention to this matter and look forward to your favorable response. If you have any questions or require any additional information, please do not hesitate to contact me at your earliest convenience. Thank you for your time and cooperation. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Landlord's Name] [Landlord's Address] [City, State, ZIP Code] Subject: Assignment of Lease Agreement for [Property Address] Dear [Landlord's Name], I hope this letter finds you well. I am writing to officially request an assignment of lease for [Property Address], as permitted under the North Carolina General Statutes (Chapter 42, Article 2). As the current tenant of the aforementioned property, I have found a qualified and responsible individual, [Assignee's Name], who is willing to assume all rights, obligations, and responsibilities under the existing lease agreement. This assignment is subject to your approval and the terms outlined in the lease agreement. [Assignee's Name] has met all the necessary criteria set forth by you, including satisfactory reference checks and financial stability. Therefore, I kindly request you to consider this assignment to facilitate a smooth transition and maintain the continuity of the property's occupancy. In accordance with North Carolina law, I have provided [Assignee's Name] with a copy of the original lease agreement, including all addendums and amendments, to ensure they fully understand their obligations as the new tenant. They have indicated their willingness to comply with all terms and conditions of the agreement. Should you approve this assignment, I kindly request that a written acknowledgment of the assignment be sent to both myself and [Assignee's Name]. This acknowledgment should state that [Assignee's Name] has assumed all rights and responsibilities under the lease agreement, effective from the agreed-upon date. Upon the completion of this assignment, I shall be relieved of any further lease obligations, and all future correspondence, including rent payments and property-related concerns, should be directed to [Assignee's Name] henceforth. I appreciate your prompt attention to this matter and look forward to your favorable response. If you have any questions or require any additional information, please do not hesitate to contact me at your earliest convenience. Thank you for your time and cooperation. Sincerely, [Your Name]

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LESSEE ACKNOWLEDGES THAT LESSOR MAY SELL, ASSIGN, GRANT A SECURITY INTEREST IN, OR OTHERWISE TRANSFER ALL OR ANY PART OF ITS RIGHTS, TITLE AND INTEREST IN THIS LEASE AND THE EQUIPMENT WITHOUT NOTICE TO OR CONSENT OF LESSEE.

If the lessee transfers his or her entire remaining interest in the tenancy, then the transfer is known as an assignment. If the lessee transfers only part of his or her interest, then the transfer is known as a sublease.

§ 42-14. A tenancy from year to year may be terminated by a notice to quit given one month or more before the end of the current year of the tenancy; a tenancy from month to month by a like notice of seven days; a tenancy from week to week, of two days.

Both oral and written lease agreements are recognized by law in the state of North Carolina and both types of leases are enforceable. However, if the lease will last for three years or longer, the agreement must be in writing. You should always aim to create a written agreement, even if not required by law to do so.

A tenant can make a written request at any time to assign their tenancy to someone else. The request should include the contact details of the person being proposed to take over the tenancy. Alternatively, the landlord can find a replacement tenant, although they don't have to do this if they don't want to.

In legal jargon, the old tenant who wants to get out of the lease is called the Assignor and the new person who wants to get the remainder of the lease is called an Assignee. The landlord remains the same.

Assigning is allowing another person to take over the lease agreement. It can be done if there's a fixed term lease and the tenant needs to leave before the end date. When assigning a tenancy to someone else, the new tenant takes over the existing lease agreement.

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Assignment of Lease from Lessor to new Lessor, with Notice to Tenant of assignment and any consequent change in address for payment of rent. Agreement for assignment by Borrower to Lender of leases and rent therefrom in order to repay Borrower's debt to Lender. The assignee agrees to extend a ...Adhere to this straightforward instruction to edit Assignment of Lease from Lessor with Notice of Assignment - North Carolina in PDF format online at no cost:. Follow this straightforward guideline redact Commercial Lease Assignment from Tenant to New Tenant - North Carolina in PDF format online free of charge: Sign up ... Landlord, in consideration of the rents to be paid and the covenants and agreements to be performed and observed by the Tenant, does hereby lease to the Tenant ... Assignor does hereby ASSIGN, TRANSFER, and DELIVER unto Assignee all of Assignor's right, title and interest and obligations as landlord under the Lease. 2. Attach a copy of the Lease to the Assignment as Exhibit A. Describe the property that is being assigned. You don't need to include a full legal description, but ... Specify the lease terms: Clearly state the duration of the lease, whether it is a fixed-term lease (e.g., one year) or a month-to-month lease. Include the start ... Access a variety of North Carolina lease agreement templates to meet your specific needs. Simplify your leasing process and save time. Learn more. ... the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu,.

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North Carolina Sample Letter for Assignment of Lease