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A MASTER LEASE Assignment of Residential Lease 4 foregoing Assignment. LANDLORD: _____________________________ _____________________________ (Name) _____________________________ (Position, if applicable) Assignment of Residential Lease 3 EXHIBIT________ (Position, if applicable) LANDLORD'S CONSENT If Landlord's consent is not required, Assignor shall initial here [____]. The undersigned, Landlord in the Master Lease, hereby consents to the _________________________ (Name) ___________________________________ (Position, if applicable) ASSIGNEE: _______________________________ _______________________________ (Name) _______________________nment of Residential Lease 2 IN WITNESS WHEREOF, the Parties have caused this Assignment to be executed the day and year first above written. ASSIGNOR: __________________________________ ______________________________________________________________________________ ______________________________________________________________________________ [Remainder of page intentionally left blank] Assig_______________________________ ______________________________________________________________________________ ______________________________________________________________________________ __________mpel strict compliance with every provision of this Assignment. 9. ADDITIONAL TERMS & CONDITIONS: (Specify "none" if there are no additional provisions) :______________________________________________ as set forth above. 8. WAIVER: The failure of either party to enforce any provisions of this Assignment shall not be deemed a waiver or limitation of that party's right to subsequently enforce and co__________________ Assignee: ______________________________ ______________________________ ______________________________ Either party may change such addresses from time to time by providing noticed mailed certified return receipt requested, postage prepaid, or delivered by overnight delivery service to: Assignor: ________________________________ ________________________________ ______________y and construed in accordance with the laws of the State of ______________________________________. 7. NOTICE: Any notice required or otherwise given pursuant to this Assignment shall be in writing annditions contained in the Assignment shall apply to and bind the Parties and their heirs, legal representatives, successors and permitted assigns. 6. GOVERNING LAW: This Assignment shall be governed bquired under the Master Lease. Assignor further warrants that the contract rights transferred in this Assignment are free of lien, encumbrance or adverse claim. 5. BINDING EFFECT: The covenants and cossigned with consent of Landlord (such consent to be obtained by Assignor before executing this Assignment). Assignor warrants that he has performed all duties and obligations and made all payments rethe obligations or covenants in the Master Lease or this Assignment. 4. ASSIGNOR'S REPRESENTATIONS: Assignor warrants that the Master Lease is in full force and effect and fully assignable or may be aenant therein. 3. INDEMNIFICATION: Assignee will indemnify, protect and hold Assignor harmless from and against any and all loss, cost, or damage in any way related to Assignee's breach or default of nd (ii) agrees to comply with all the terms, make all payments, and perform all conditions and covenants in the Master Lease due or required after the Effective Date as if Assignee were the original tter Lease from the Effective Date until the present term expires. 2. ASSUMPTION OF RIGHTS AND OBLIGATIONS: Assignee hereby (i) assumes all of Assignor's right, title and interest to the Master Lease a hereto as Exhibit A. The Parties agree as follows: 1. ASSIGNMENT: For value received, Assignor hereby assigns to Assignee all of his/her interests, rights and title held by Assignor in and to the Mas ___________________________ ("Landlord") for a term ending on ______________, 20___, for the premises located at __________________ _____________________________________(the "Master Lease"), attached____________________ ("Assignee") (collectively referred to as the "Parties"). Assignor is the original "Tenant" in the ______________________agreement dated _________________ between the Assignor andt") is made and entered on _____________________________________________, 20______ (the "Effective Date"), by and between _________________________________________ ("Assignor") and ___________________ion, before using this form you should always consult with your attorney to ensure that it addresses your specific situation. ASSIGNMENT OF RESIDENTIAL L EASE This Assignment of Lease (the "Assignmenhe state laws differ dramatically, therefore the landlord, the Assignor and the Assignee should all become familiar with the laws of their state before entering into this type of arrangement. In addithe landlord. The law generally does not require that the y consent to an assignment, so it is best to handle the situation diplomatically. These types of agreement are governed by state law. Many of t Depending on your original lease, to perform an assignment you may also need the consent of the landlord. Review your original lease to determine whether such consent is required. If it is, contact tunder that lease to another person (the "Assignee"). The Assignor may choose to use an assignment for a number of reasons including job relocation, financial concerns or other changes in circumstance.com. INSTRUCTIONS AND CHECKLIST ASSIGNMENT OF RESIDENTIAL LEASE An assignment of lease is an agreement whereby the original tenant to a lease (the "Assignor") assigns his rights and responsibilities ation. An attorney should be consulted before negotiating any document with another party. The purchase and use of these forms is subject to the "Disclaimers and Terms of Use" found at findlegalforms.stitute for legal advice. These forms should only be a starting point for you and should not be used or signed before first consulting with an attorney to ensure that it addresses your particular situ italicized statements in the Assignment; these are just instructions to help you complete it. Laws vary from time to time and from state to state. These forms are not intended to be and are not a suberefore, at least two original copies of the Assignment should be executed (i.e. signed). If the landlord's consent is required, they too may want an original copy of the Assignment. You can erase the The Assignor should provide the Assignee with a copy of the original lease. The Assignor and Assignee must both sign the Assignment. Generally each party will retain an original signed Assignment; thire that before a party may assign its rights in the lease, the consent of the landlord is required. You should review the lease to be assigned to determine whether the landlord's consent is required.the Residential Lease (the "Assignment") Both the Assignor (the original party to the contract) and the Assignee (the new party) should review the Assignment carefully before signing. Many leases requINSTRUCTIONS AND CHECKLIST ASSIGNMENT OF RESIDENTIAL LEASE This package contains: (1) Instructions and Checklist; (2) Information about the Assignment of Residential Lease; and (3) The Assignment of