An assignment transfers one party's entire interest in and obligations under a lease to another party. The new tenant assumes the lease responsibilities, including rent and property maintenance, and the original tenant is released from most (if not all) of its duties.
Successful property management begins with good documentation. A LegalZoom Assignment of Commercial Release (with Landlord Consent) will ensure that all parties - new and old - understand the obligations that are being transferred and the responsibilities that each will have under the new arrangement.
A LegalZoom Assignment of Commercial Lease (with Landlord Consent) gives you:
- Essential Documentation: Lay the foundation for a great (and long-lasting) landlord/new tenant relationship.
- Dos & Don'ts: Learn about important factors to consider during the assignment process.
- Detailed Instructions: Learn how to understand the terms of your assignment.