What is a Lease Assignment?

A lease assignment is a legal transfer of a tenant's entire interest in a lease to another party, who then assumes the rights and responsibilities of the original tenant.

How is an Assignment different from a Sublease?

In a sublease, the original tenant remains responsible for the lease, while in an assignment, the lease is transferred to a new tenant who takes over the obligations.

Do I need the landlord's consent to assign a lease?

Yes. Most lease agreements require written approval from the landlord before a lease assignment can occur.

Does an assignment release me from paying rent?

Not automatically. A release of liability must be included and approved by the landlord for the original tenant to be fully released from rent obligations.

Can the landlord charge a fee for an assignment?

Yes. Many lease agreements allow landlords to charge administrative or processing fees for handling a lease assignment.

Who gets the security deposit back?

This is typically negotiated between the original and new tenant. Often, the new tenant reimburses the original tenant, and the landlord returns the deposit at the end of the lease.

Lease Assignment Agreement Form | Transfer Your Lease

A: A lease assignment is a legal transfer of a tenant’s entire interest in a lease to a third party. The new tenant (Assignee) steps into the shoes of the original tenant (Assignor).

A: In a sublease, you stay on the lease and are still responsible for rent. In an assignment, you transfer the lease permanently. If done correctly with a “Release,” you are no longer liable for the property.

A: Yes. Almost every residential and commercial lease requires the landlord’s written approval before an assignment can take place.

A: Only if the agreement includes a “Release of Liability” signed by the landlord. Without this, the landlord could potentially come after you if the new tenant stops paying.

A: Many leases include a “Lease Assignment Fee” or “Administrative Fee” to cover the landlord’s costs for background checks and processing the new paperwork.

A: This is usually negotiated between the old and new tenant. Often, the new tenant pays the old tenant an amount equal to the deposit, and then the landlord returns the original deposit to the new tenant at the end of the lease.

Lease Assignment Agreement Form | Fill, Download & Use

Lease Assignment Agreement

Property Location

Create your Lease Assignment Agreement

Assignor Information

Assignee Information

Landlord Information

Lease Information

Term of Lease Assignment

Continuing liability of assignor

Lead paint dislosure

Consent of landlord

Additional Clauses

Signing Details

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