BE IT KNOWN THAT , Assignor, in consideration of the sum of Dollars ($ ), paid by , Assignee, hereby assigns unto the Assignee, that certain lease made by bearing date the day of , 20 , a copy
of which is attached hereto as Exhibit “A”, covering that portion of the property described therein as follows:
together with the premises therein described, the buildings thereon, and all appurtenances thereto,
To have and to hold the same unto the Assignee from the day of , 20 , for all the rest of the years mentioned in the said lease, subject to the rents, covenants, conditions and provisions therein also mentioned.
1. The Assignee hereby assumes the performance of all of the terms, covenants and conditions of the lease herein assigned by the Assignor to the Assignee and agrees to pay the rent reserved by the said lease on the next rent day and monthly thereafter until the termination of the said lease and will well and truly perform all the terms, covenants and conditions of the said lease herein assigned; all with full force and effect as if the Assignee had signed the lease originally as tenant named therein.
2. The Assignee hereby agrees to indemnify and save harmless the Assignor from all manners of suit, actions, damages, charges and expenses, including attorneys fees and costs that the Assignor may sustain by reason of the Assignee’s failure to pay the rent reserved in the said lease or by reason of the Assignee’s breach of any of the terms, covenants and conditions of the lease herein assigned.
3. The Assignee hereby agrees that the obligations herein assumed by the Assignee shall inure jointly and severally to the landlord named in the lease herein assigned and to the Assignor herein.
4. This is an assignment and the Assignor’s interest in the premises is as Lessee under a lease made by dated , a copy of which is attached hereto and
Leave a Comment
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...Late-Stage Delinquencies are Surging
Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...Published by the Federal Reserve Bank of San Francisco
It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...