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Commercial Lease Assignment from Tenant to New Tenant - Maine 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 assumes 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 entering the names of the Landlord, Assignor (former Tenant), and Assignee (new Tenant) in the designated fields. Ensure accuracy as these parties are crucial for the assignment.
Fill in the date of execution for the agreement at the top of the form. This date is important for legal purposes.
In Section 1, provide details about the Operative Lease Agreement, including its execution date and any attachments that reference it.
For Section 2, confirm that Assignor assigns all rights and obligations to Assignee. Specify the start date for this assignment.
In Section 3, indicate whether Assignor will be jointly and severally liable by checking the appropriate box. This decision impacts liability under the lease.
Finally, ensure all parties sign and date at the bottom of the form to validate this Commercial Lease Assignment.

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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 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.

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 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.

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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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 a new owner have to honor a lease in Maine?

When selling a property with tenants in Maine, landlords must respect existing lease agreements. If tenants have a fixed-term lease, the new owner generally must honor the terms until the lease expires.

Commercial Lease Assignment from Tenant to New Tenant - Maine 2026

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