Home
Forms Library
Commercial Lease Assignment from Tenant to New Tenant - Alabama

Commercial Lease Assignment from Tenant to New Tenant - Alabama 2025

Commercial Lease Assignment from Tenant to New Tenant - Alabama Preview on Page 1

See details

4.2 out of 5

32 votes

This document is a Commercial Lease Assignment agreement between a Landlord, a former Tenant (Assignor), and a new Tenant (Assignee). It outlines the assignment of the Assignor's rights and obligations under an existing lease to the Assignee, who will assume these responsibilities, including rent payments. The document also addresses the potential joint liability of the Assignor in relation to the lease.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Commercial Lease Assignment from Tenant to New Tenant - Alabama

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open it in the editor.
Begin by filling in the names of the Landlord, Assignor (former Tenant), and Assignee (new Tenant) at the top of the form. Ensure accuracy as these parties are crucial for the assignment.
In the section labeled 'Operative Lease Agreement', enter the date when the original Lease Agreement was executed. This is important for establishing the timeline of obligations.
Next, specify the address of the leased premises clearly to avoid any confusion regarding which property is being assigned.
For 'Assignment of Interest', indicate the start date when Assignee will assume rights and obligations. This marks when they begin their responsibilities under the lease.
In 'Joint and Several Liability of Assignor', select whether Assignor will be jointly liable by checking either box. This decision impacts legal responsibilities if issues arise.
Finally, ensure all parties sign and date at the bottom of the form to validate this assignment legally.

Start using our platform today to streamline your Commercial Lease Assignment process for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How can I edit a lease agreement?

You can add or change the terms of a lease after signing if both parties agree. When the landlord and tenant mutually agree to change the lease terms, they should do so in writing. Both parties should sign the lease amendment to make it legally binding.

How do I amend a commercial lease?

If you agree with your landlord to vary your lease, this will usually be documented as a deed of variation. A deed evidences the changes made to the lease and avoids the potential for disputes in the future if one party were to allege that the changes were not agreed and is enforceable between the parties.

How long does a commercial lease assignment take?

The time required to assign a commercial lease can vary from a few weeks to several months, depending on several factors, including: How complex the lease terms are. How quickly the landlord consents to the assignment. The responsiveness of third-party solicitors in finalising the paperwork.

Can you amend a commercial lease?

If you and your landlord agree to make some changes to your commercial lease, you dont need to create a new lease agreement just use this document to amend the current lease.

How can a lease be amended?

A lease cannot be varied unless all relevant parties agree to it. Without this agreement, you cant proceed.

What is the addendum to a commercial lease?

A commercial lease addendum is a document that adds to the terms of an existing commercial lease. Its generally used when the landlord and tenant want to introduce additional rental conditions without terminating the original agreement.

Can you assign a commercial lease?

A commercial lease assignment lets a tenant transfer their lease rights to another. The new tenant takes over the old tenants duties, including rent and property maintenance. This is different from subletting, where the original tenant stays involved but lets someone else use the property.

What is the assignment clause of a tenant?

The Assignment of Lease clause governs the conditions under which a tenant may transfer their rights and obligations under a lease to another party.

Commercial Lease Assignment from Tenant to New Tenant - Alabama 2025

Here's how it works