¶¶Òõ¶ÌÊÓÆµ

Assumption Of Lease for the United States

Assumption Of Lease Template for United States

An Assumption of Lease agreement is a legal document used in the United States that facilitates the transfer of lease rights and obligations from an existing tenant to a new tenant. This document maintains the original lease terms while substituting the new tenant in place of the original tenant. It requires the consent of the landlord and addresses key aspects such as security deposits, existing obligations, and the effective date of the transfer. The agreement is subject to both federal and state-specific landlord-tenant laws.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Assumption Of Lease

Let ¶¶Òõ¶ÌÊÓÆµ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Assumption Of Lease?

The Assumption of Lease agreement is utilized when a tenant needs to transfer their lease obligations to another party before the original lease term expires. This commonly occurs when tenants need to relocate, change circumstances, or can no longer fulfill their lease obligations. The document ensures a smooth transition by clearly defining the rights and responsibilities of all parties involved, including the transfer of security deposits and any existing obligations. Under U.S. law, this agreement requires the explicit consent of the landlord and must comply with both federal and state-specific regulations governing property rentals and lease transfers.

What sections should be included in a Assumption Of Lease?

1. Parties: Identification of original tenant, new tenant, and landlord

2. Background: Details of original lease and circumstances of assumption

3. Definitions: Key terms used throughout the agreement

4. Assignment and Assumption: Core provisions transferring lease rights and obligations

5. Consent of Landlord: Formal acknowledgment and approval by landlord

6. Effective Date: When the assumption takes effect

What sections are optional to include in a Assumption Of Lease?

1. Release of Original Tenant: Optional section that releases original tenant from future obligations under the lease

2. Security Deposit Transfer: Optional section detailing the transfer of existing security deposit between parties

3. Representations and Warranties: Optional section containing statements about the condition of property and lease status, typically used in complex or commercial lease assumptions

What schedules should be included in a Assumption Of Lease?

1. Schedule A - Original Lease Agreement: Copy of the original lease being assumed

2. Schedule B - Property Inventory: List of any fixtures or fittings included in the lease

3. Schedule C - Condition Report: Detailed report on the current condition of the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

United States

Cost

Free to use
Clauses


















Industries

Fair Housing Act: Federal law prohibiting discrimination in housing transactions, including leasing. Must ensure assumption agreement complies with anti-discrimination provisions.

Americans with Disabilities Act: Federal law requiring accessibility considerations, particularly relevant for commercial property lease assumptions.

Federal Lead-Based Paint Disclosure: Federal requirement for disclosure of lead-based paint hazards in properties built before 1978 for residential leases.

State Landlord-Tenant Laws: State-specific laws governing landlord and tenant relationships, rights, and obligations that vary by jurisdiction.

State Property Laws: State-specific regulations governing real property transactions and transfers.

State Security Deposit Laws: State-specific regulations governing the handling, transfer, and return of security deposits.

State Real Estate Transfer Laws: State-specific requirements for transferring real estate interests, including lease assignments.

Uniform Commercial Code: Standardized business laws governing commercial transactions, particularly relevant for commercial lease assumptions.

Municipal Housing Codes: Local regulations governing property conditions, maintenance standards, and habitability requirements.

Zoning Regulations: Local laws governing property use and restrictions that may affect lease assumption validity.

Rent Control Ordinances: Local regulations governing rent increases and tenant protections in certain jurisdictions.

Statute of Frauds: Legal requirement that certain contracts, including lease assignments, must be in writing to be enforceable.

Contract Formation Requirements: Legal principles governing valid contract creation, including offer, acceptance, and consideration.

Assignment and Delegation Rules: Legal principles governing the transfer of rights and obligations under existing contracts.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Assignment Of Real Estate Contract And Sale Agreement

A U.S. legal document that transfers rights and obligations under a real estate contract from one party to another.

find out more

Agreement To Assignment

A U.S. legal document formalizing the transfer of rights, obligations, or property from one party to another, governed by state and federal laws.

find out more

Assignable Purchase Contract

A U.S.-governed contract establishing purchase terms with the right to assign the contract to third parties.

find out more

Assignment Of Real Estate Purchase Contract

A U.S. legal document that transfers a buyer's rights and obligations in a real estate purchase contract to another party.

find out more

Assignment Of Lease From Seller To Buyer Form

A U.S. legal document that transfers lease rights and obligations from an existing tenant to a new tenant.

find out more

Assignment Of Property Contract

A U.S. legal document that transfers property ownership rights from one party to another, subject to federal and state property laws.

find out more

Assignment Of Contract Of Purchase And Sale

A U.S. legal document that transfers a buyer's rights and obligations under a purchase and sale agreement to another party.

find out more

Wholesaling Real Estate Contracts

A U.S.-governed contract template for real estate wholesaling transactions, enabling property purchase with assignment rights to end buyers while ensuring legal compliance.

find out more

Assignment Of Purchaser's Interest In Land Contract

A U.S. legal document that transfers a purchaser's rights and obligations under a land contract to a new buyer.

find out more

Assignment Assumption Agreement

A U.S. legal document that transfers contractual rights and obligations from one party to another, ensuring proper assumption of responsibilities and benefits.

find out more

Assignment Of Lease By Tenant

A U.S. legal document that transfers a tenant's lease rights and obligations to a new tenant, subject to landlord approval.

find out more

Addendum Assignment Contract

A U.S.-governed legal document that transfers contractual rights and obligations from one party to another.

find out more

Assignment Of Judgment Agreement

A U.S. legal document that transfers ownership rights of a court judgment from one party to another.

find out more

Assignment Of Construction Contract To Lender

A U.S. legal document transferring construction contract rights from a contractor to a lender as security for financing.

find out more

Assignment Of Leases And Rents

A U.S. security instrument that assigns property leases and rental income as loan collateral.

find out more

Assignment And Assumption Of Lease

A U.S. legal document that transfers a tenant's lease rights and obligations to a new tenant, subject to landlord approval and state property laws.

find out more

Assignment Fee Agreement

A U.S. legal document establishing terms for the transfer of rights from one party to another in exchange for a fee, governed by state contract laws.

find out more

Assignable Lease

A U.S.-governed lease agreement that permits the transfer of tenant rights and obligations to another party, subject to specified conditions.

find out more

Assignment And Amendment Agreement

A U.S. legal document that facilitates the transfer of contractual rights and obligations while simultaneously modifying terms of the original agreement.

find out more

Assignment And Assumption Of Contract

A U.S. legal document that transfers contractual rights and obligations from one party to another, subject to state contract laws.

find out more

Assignment And Assumption Agreement Asset Purchase

A U.S. legal document that transfers rights and obligations related to assets from one party to another, including terms of transfer and assumption of liabilities.

find out more

Assignment Of Lease To New Owner

A U.S. legal document that transfers existing lease rights and obligations from a current property owner to a new owner.

find out more

Assignment Of Lease By Lessor

A U.S. legal document transferring a lessor's rights and obligations under an existing lease to a new lessor while maintaining original lease terms.

find out more

Assignment Of Contract Of Sale

A U.S. legal document that transfers rights and obligations under a sales contract from one party to another.

find out more

Assignment Of Asset Purchase Agreement

A U.S. legal document that transfers rights and obligations under an existing Asset Purchase Agreement from one party to another.

find out more

Assignable Option Agreement

A U.S. legal agreement granting transferable rights to execute a future transaction or acquire assets within a specified timeframe.

find out more

Assignment Of Lease Contract

A U.S. legal document transferring lease rights and obligations from one party to another, subject to state and federal property laws.

find out more

Assignment Of Intellectual Property Rights Agreement

A U.S.-governed agreement that transfers ownership of intellectual property rights from one party to another.

find out more

Assignment Of Equipment Lease

A U.S. legal document that transfers rights and obligations under an existing equipment lease from one party to another.

find out more

Assignment Of Agreement Addendum

A U.S. legal document that transfers rights or obligations under an existing agreement from one party to another.

find out more

Assignment Of Purchase Order

A U.S. legal document that transfers rights and obligations under an existing purchase order from one party to another, governed by state law and the UCC.

find out more

Assignment Assumption And Amendment Agreement

A U.S.-governed agreement that facilitates the transfer of contractual rights and obligations while modifying the original agreement's terms.

find out more

Agreement To Assign Contract For Sale And Purchase

A U.S. legal agreement that transfers rights and obligations under an existing sales contract from one party to another.

find out more

Assignment Of Liabilities Agreement

A U.S. legal document that transfers specified financial obligations or debts from one party to another, governed by federal and state contract laws.

find out more

Assignment Of Lease By Landlord

A U.S. legal document that transfers a landlord's rights and obligations under an existing lease to a new landlord.

find out more

Assignment Of Option Agreement

A U.S. legal document that transfers rights and obligations under an existing option agreement from one party to another.

find out more

Assignment Of Purchase And Sale Agreement

A U.S. legal document that transfers a buyer's rights and obligations under a purchase and sale agreement to another party.

find out more

Assignment Of Patent Rights Agreement

A US-law governed agreement that transfers ownership rights in patents from one party to another, complying with USPTO requirements.

find out more

Assignment Of Franchise Agreement

A U.S. legal document that transfers franchise rights and obligations from one franchisee to another, subject to federal and state franchise regulations.

find out more

Assignment Of Receivables Agreement

A U.S.-governed agreement that transfers accounts receivable from one party to another, typically used in business financing transactions.

find out more
See more related templates

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it