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Form #1155

Assignment Indorsed on Lease

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Assignment indorsed on lease.

For value received, the undersigned, lessee described in within instrument, hereby assigns all right, title and interest in and to such lease to _________, _________'s heirs, executors, administrators, successors, and assigns, and in consideration of consent to this assignment by lessor, guarantees performance by assignee, or by assignee's heirs, executors, administrators, successors, or assigns, of all agreements and conditions contained in such lease, on part of lessee or assignee to be performed. In the event, however, of failure of assignee to perform any of agreements contained in such lease, this assignment shall not be taken to modify or limit in any manner obligations of this assignor, created by such lease, but lessor or lessor's heirs, executors, administrators, successors, or assigns, may have such remedies against this assignor, including the confession of judgment for moneys due as by this lease provided, in same manner as if this assignment had not been made. Lessee, assignor herein, for the consideration aforesaid, hereby waives all right to any and all notice from lessor, lessor's heirs, executors, administrators or assigns, of agreements broken by assignee or for rent or moneys due from assignee, assignee's heirs, executors, administrators, successors, or assigns, or of assignment made by assignee's or them.

Lessee, assignor herein, for consideration aforesaid, agrees the taking by lessor of any remedy as by confession of judgment against assignee or guarantor shall not preclude lessor from exercise of such remedy against assignor, but lessor may have the same remedy against lessee, assignor, and assignee and guarantor at the same or different times, and lessor shall be limited only, and at all events, to one satisfaction for any debts or obligations that may accrue under or by virtue of within lease, or assignment thereof, or any extension or renewal thereof, or by virtue of any holdover after termination thereof, or which may accrue by virtue of the breach of any agreement therein contained.

Witness the hand and seal of the undersigned assignor this _________ day of _________[year].



 
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Name of Firm Legal Concepts LTD
Total Forms Contributed 63
 

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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: Assignment Indorsed on Lease, Real Estate, lease, legal documents

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