Below is the  Assignment Of Subleasetemplate body. If necessary, please put the personal information, company information, such as text to replace the specific content you need. you can download the .doc template file on the end of the article by click download link. 

ASSIGNMENT OF SUBLEASE



This Assignment of Sublease (the Assignment) is made and effective [DATE],


BETWEEN:  [YOUR COMPANY NAME] (the "Lessor"), 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:  [TENANT NAME] (the "Lessee"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

  [COMPLETE ADDRESS]


AND:  [SUB-TENANT NAME] (the "Lessee"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

  [COMPLETE ADDRESS]


For good consideration, it is agreed by and between the parties that:


ASSIGNMENT OF LEASE

Tenant hereby assigns, transfers and delivers to Sub-Tenant all of Tenant's rights in and to a certain lease between Tenant and Landlord for certain premises known as [Describe], under lease dated [DATE].


SUB-TENANTS OBLIGATIONS

Sub-Tenant agrees to accept said Lease, pay all rents and punctually perform all of Tenant's obligations under said Lease accruing on and after the date of delivery of possession to the Sub-Tenant as contained herein. Sub-Tenant further agrees to indemnify and save harmless the Tenant from any breach of Sub-Tenant's obligations hereunder.


DELIVERY OF PREMISES
 
The parties acknowledge that Tenant shall deliver possession of the leased premises to Sub-Tenant on [DATE]; time being of the essence. All rents and other charges accrued under the Lease prior to said date shall be fully paid by Tenant, and thereafter by the Sub-Tenant.


LANDLORDS OBLIGATIONS

Landlord hereby assents to the assignment of lease, provided that:

Assent to the assignment shall not discharge Tenant of its obligations under the Lease in the event of breach by Sub-Tenant.

In the event of breach by Sub-Tenant, Landlord shall provide Tenant with written notice of same and Tenant shall have full rights to commence all actions to recover possession of the leased premises [in the name of Landlord, if necessary] and retain all rights for the duration of said Lease provided it shall pay all accrued rents and cure any other default.

There shall be no further assignment of lease without prior written consent of Landlord.


BINDING AGREEMENT

This agreement shall be binding upon and inure to the benefit of the parties, their successors, assigns and personal representatives.


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


Signed, sealed and delivered in the presence of:


TENANT            SUB-TENANT




                          
Authorized Signature          Authorized Signature

                          
Print Name and Title          Print Name and Title




LANDLORD          




              
Authorized Signature          

              
Print Name and Title          


click to download Assignment Of Sublease template
                            

Other legal template form