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Commercial Lease Assignment from Tenant to New Tenant - Pennsylvania

Commercial Lease Assignment from Tenant to New Tenant - Pennsylvania 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 Assignor's rights and obligations under an existing lease to the Assignee, including the assumption of rent payments. The agreement also addresses the potential joint liability of the Assignor for any damages or unpaid rent caused by the Assignee.

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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 Agreement was executed. This establishes a reference point 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 'JOINT AND SEVERAL LIABILITY OF ASSIGNOR', select whether Assignor shall or shall not be jointly liable. This decision impacts legal responsibilities and should be made carefully.
Finally, ensure all parties sign and date at the bottom of the form to validate the agreement. Use our platform’s signature feature for a seamless signing experience.

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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 change the name on a commercial lease?

Tenants of commercial premises who want to transfer or assign their lease, will have to obtain their landlords consent in the first instance. An assignment of a lease can only work if your landlord agrees with your intention to transfer the lease to someone else.

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.

Does the Pennsylvania landlord-tenant Act apply to commercial leases?

Unlike residential agreements, which are governed by the states Landlord and Tenant Act, commercial leases operate primarily under general contract law principles. This means virtually all terms are negotiable, but also that there are few automatic protections for business tenants.

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.

What is the difference between assigning and transferring a lease?

In summary, while assignment usually means a full and direct handover of lease rights and obligations, transfer is a broader term that might involve different arrangements or partial rights. Both require landlord consent and proper legal documentation.

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How do you assign a lease to someone else?

Once a lease has been assigned, the assignee will become the new tenant and will be responsible for payment of the lease rent(s) and ensuring compliance with all of the tenants obligations in the lease, including covenants in relation to repair and maintenance of the property.

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.

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.

Commercial Lease Assignment from Tenant to New Tenant - Pennsylvania 2026

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