An assignment is a transfer of rights that a party has under a contract to another person, called an assignee. The assigning party is called the assignor. An assignee of a contract may generally sue directly on the contract rather than suing in the name of the assignor. A valid assignment takes effect the moment it is made regardless of whether notice of the assignment is given to the other party to the contract. If the obligor is notified that there has been an assignment and that any money due must be paid to the assignee, the obligor's obligation can only be discharged by making payment to the assignee. In other words, payment to the assignor would not satisfy the contract after notice. If the obligor does not know of the assignment and makes payments to the assignor who does not turn the money over to the assignee, the assignee cannot sue the obligor, but does have a remedy against the assignor.
The Bexar Texas Agreement by Lessor to Assign Lease Agreement is a legal document that outlines the terms and conditions of transferring or assigning the lease agreement from the original lessor to a new lessee. This agreement is commonly used in Bexar County, Texas, to facilitate the smooth transfer of lease rights and obligations. Keywords: Bexar Texas Agreement by Lessor, Assign Lease Agreement, transfer, assign, lease rights, obligations, Bexar County, Texas. There are several types of Bexar Texas Agreements by Lessor to Assign Lease Agreement, including: 1. Commercial Lease Assignment Agreement: This type of agreement is used when assigning a commercial lease agreement in Bexar County, Texas. It involves the transfer of lease rights and obligations between the original lessor and the new lessee. 2. Residential Lease Assignment Agreement: If there is a need to assign a residential lease agreement in Bexar County, Texas, this specific type of agreement comes into play. It allows the original lessor to transfer the lease rights and obligations to a new lessee. 3. Retail Lease Assignment Agreement: When a retail space is involved, a retail lease assignment agreement in Bexar County, Texas, is used. This agreement enables the original lessor to assign the lease agreement to a new lessee, ensuring a seamless transition of lease responsibilities. 4. Industrial Lease Assignment Agreement: For industrial properties or warehouses located in Bexar County, Texas, an industrial lease assignment agreement is used. It facilitates the process of transferring lease rights and obligations from the original lessor to a new lessee. 5. Land Lease Assignment Agreement: In cases where only land is being leased in Bexar County, Texas, a land lease assignment agreement is utilized. This agreement allows for the assignment of lease rights and obligations from the original lessor to a new lessee specifically for land properties. It is important to note that the specific terms and conditions of each Bexar Texas Agreement by Lessor to Assign Lease Agreement may vary depending on the unique circumstances and requirements of the parties involved. Consulting legal professionals or utilizing customizable templates tailored to Bexar County, Texas, is advisable to ensure compliance with local laws and regulations.
The Bexar Texas Agreement by Lessor to Assign Lease Agreement is a legal document that outlines the terms and conditions of transferring or assigning the lease agreement from the original lessor to a new lessee. This agreement is commonly used in Bexar County, Texas, to facilitate the smooth transfer of lease rights and obligations. Keywords: Bexar Texas Agreement by Lessor, Assign Lease Agreement, transfer, assign, lease rights, obligations, Bexar County, Texas. There are several types of Bexar Texas Agreements by Lessor to Assign Lease Agreement, including: 1. Commercial Lease Assignment Agreement: This type of agreement is used when assigning a commercial lease agreement in Bexar County, Texas. It involves the transfer of lease rights and obligations between the original lessor and the new lessee. 2. Residential Lease Assignment Agreement: If there is a need to assign a residential lease agreement in Bexar County, Texas, this specific type of agreement comes into play. It allows the original lessor to transfer the lease rights and obligations to a new lessee. 3. Retail Lease Assignment Agreement: When a retail space is involved, a retail lease assignment agreement in Bexar County, Texas, is used. This agreement enables the original lessor to assign the lease agreement to a new lessee, ensuring a seamless transition of lease responsibilities. 4. Industrial Lease Assignment Agreement: For industrial properties or warehouses located in Bexar County, Texas, an industrial lease assignment agreement is used. It facilitates the process of transferring lease rights and obligations from the original lessor to a new lessee. 5. Land Lease Assignment Agreement: In cases where only land is being leased in Bexar County, Texas, a land lease assignment agreement is utilized. This agreement allows for the assignment of lease rights and obligations from the original lessor to a new lessee specifically for land properties. It is important to note that the specific terms and conditions of each Bexar Texas Agreement by Lessor to Assign Lease Agreement may vary depending on the unique circumstances and requirements of the parties involved. Consulting legal professionals or utilizing customizable templates tailored to Bexar County, Texas, is advisable to ensure compliance with local laws and regulations.