AGREEMENT TO ASSIGN

 

 

 

This Agreement to Assign (the “Agreement”) is made and effective the [DATE],

 

 

BETWEEN:                   [YOUR COMPANY NAME] (the "Prospective Assignor"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

[YOUR COMPLETE ADDRESS]

 

 

AND:                            [PROSPECTIVE ASSIGNEE NAME] (the "Prospective Assignee"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

[COMPLETE ADDRESS]

 

RECITALS

 

The parties declare:

 

  1. Prospective Assignor has entered into a lease agreement, as lessor, with [lessee], of [address], [city], [state], referred to as “lessee.” A copy of the lease agreement, containing a description of the premises, is attached to this agreement as Exhibit A.

 

  1. Prospective Assignor desires to assign the lease agreement to Prospective Assignee, who will assume all liabilities and duties as well as all rights of Prospective Assignor pertaining to the collection of all rents to become due under the lease agreement after the effective date of the assignment.

 

 

In consideration of the mutual covenants contained in this agreement, the parties agree as follows:

 

  1. Prospective Assignor will transfer and assign to Prospective Assignee all right to the collection of all rents required under the lease agreement provisions in the lease dated [date] on the premises described as follows: [set forth description contained in lease].

 

  1. The assignment shall become effective on [date] and shall apply to all rents due thereafter until expiration of the lease agreement term on [date].

 

 
IN WITNESS WHEREOF, the Assignor has executed this Assignment on the day and year first above written.

 

ASSIGNOR                                                                   ASSIGNEE

 

                                                                                                                                                           

Authorized Signature                                                     Authorized Signature

 

                                                                                                                                                           

Print Name and Title                                                      Print Name and Title