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Commercial lease assignment agreement

Commercial Lease Assignment from Tenant to New Tenant - Missouri 2026

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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.

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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. 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 responsibilities.
Indicate whether Assignor will be jointly and severally liable by checking either 'SHALL' or 'SHALL NOT'. This decision impacts legal accountability under the lease agreement.
Finally, ensure all parties sign and date at the bottom of the form to validate this assignment legally.

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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.

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.

How to replace a tenant on a lease?

Your replacement tenant will typically need to complete an application process with your landlord. They may need to fill out an application form, provide references, undergo a credit check, and possibly meet other criteria set by the landlord.

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.

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Can I swap my tenancy with someone else?

Swapping your tenancy is also a form of assignment. You must have your landlords permission before you swap your tenancy with someone else.

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 transfer a rental lease to another person?

Heres how to smoothly transfer your apartment lease: Talk to your landlord. Start early and make a plan. Promote your rental unit. Advertise key features of your rental. Coordinate showings of the property. Choosing potential candidates. Provide details and information. Handle the lease transfer.

Commercial Lease Assignment from Tenant to New Tenant - Missouri 2026

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