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Commercial Lease Assignment from Tenant to New Tenant - Connecticut

Commercial Lease Assignment from Tenant to New Tenant - Connecticut 2026

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The 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 lease rights and obligations from the Assignor to the Assignee, including the assumption of rent payments. The agreement also addresses the potential joint and several liability of the Assignor for any damages or unpaid rent under the lease.

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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 was executed and attach any relevant documents if necessary. This establishes a clear reference for all parties involved.
Next, complete the 'Assignment of Interest' section by specifying the date when Assignee will assume rights and obligations. This is vital for clarity on when responsibilities transfer.
In the 'Joint and Several Liability of Assignor' section, indicate whether Assignor will remain liable under the lease terms by checking either 'SHALL' or 'SHALL NOT'. This decision impacts legal responsibilities.
Finally, ensure all parties sign and date at the bottom of the form to validate this agreement. Digital signatures can be easily added using our platform.

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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.

Can you transfer a commercial lease to someone else?

In general, the landlord must agree to the lease transfer, and usually records their consent to it via a document called a license to assign.

How to reassign a commercial lease?

Most commercial leases require landlord consent for any assignment. To ask for this, you need to send a Request for Consent letter to the landlord. This letter should include details about the new tenant (assignee), like: The nature of their business.

Can you transfer a lease to another person?

Assignment of a lease If a tenant assigns (transfers) the lease to another person, Stamp Duty must be paid on the assignment. You treat an assignment the same way as a purchase of property. Mary leases the premises in which she conducts her accountancy business from John.

What is a transfer of an entire lease from one person to another called?

An assignment is a full transfer of the lease between the tenant and the assignee. Therefore, since the tenant no longer has any ownership interest in the property, there is no longer any relationship between the landlord and the tenant as far as the property ownership is concerned.

Can you transfer a commercial lease?

The Principle of Assignment in Commercial Leases This process is called an assignment of the lease. Essentially, the tenants obligations and rights under the lease agreement transfer to the new owner, who assumes the position of the previous landlord.

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Can you switch tenants on a lease?

Answer. Under a typical lease assignment, you transfer all of your space to someone else for the entire remaining term of the lease, and the new tenant pays rent directly to the landlord. If the new tenant fails to pay rent or damages the rental, your landlord could look to you for compensation.

How do I add a new tenant to an existing lease?

We outlined the top steps to adding a new tenant to an existing lease to help guide you along the process. Request a Rental Application. Create a Lease Amendment. Collect Signatures From All Parties. Set Up Rent Collection From the New Tenant.

Commercial Lease Assignment from Tenant to New Tenant - Connecticut 2026

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