A person holding a Commercial Lease may need or choose to assign his lease for financial concerns, job relocation or any number of reasons. This would be done through an assignment of lease or agreement where the original tenant to a lease assigns all his rights and responsibilities under that lease to another person. You may want to explore the need for landlord consent. This assignment may include a number of provisions such as: Assignment – Assumption of rights and obligations – Indemnification – Assigner’s representations – Binding effect of the assignment.
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