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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. Transfer a lease to another person.Free sample of assignment and assumption agreement. Create, print, and share easily with 360 Legal Forms. An assignment is the complete transfer of one party's interest in an agreement to a third party. A lease assignment allows a tenant to "assign" and transfer the name of the lease, often the tenant, to someone else. Need to assign your rights and duties under a contract? Learn more about the basics of an assignment and assumption agreement. Assignor represents and warrants that: (i) the copy of the Lease attached hereto as Exhibit. The Assignor is currently a tenant under a Lease Agreement for the property located at (Property.
