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The process of assignment of a lease is essentially selling the lease to a third party (the \u201cassignee\u201d). If you are a commercial property tenant, your contract likely contains a clause that allows you to assign your lease to a new tenant. To do this, you will need to find a potential new tenant yourself.
The lease document itself doesn't change, but under California law, the outgoing and incoming lessors have a duty to notify the tenant of the transfer of ownership and to properly deal with any tenant funds they hold, such as a security deposit.
Tenants need the landlord's written consent The landlord and all remaining tenants must agree to the assignment in writing. It's unlawful for the tenant to assign, sublet, or part with possession of the property without the landlord's prior written consent.
The process of assignment of a lease is essentially selling the lease to a third party (the \u201cassignee\u201d). If you are a commercial property tenant, your contract likely contains a clause that allows you to assign your lease to a new tenant. To do this, you will need to find a potential new tenant yourself.
Tenant Rights The buyer, as a new landlord, must then comply with the agreement and cannot unlawfully force the tenant out before the end of the lease. The new landlord also must honour any tenant right to renew the lease \u2013 if the agreement provides this right.
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People also ask

Assign a Lease A sublet or assignment which does not comply with the law may be grounds for eviction. A tenant may not assign the lease without the landlord's written con- sent. The landlord may withhold consent without cause.
No. A new landlord who has purchased the property from the previous landlord cannot change the rental agreement mid-lease. They must continue the terms of the lease as if they had signed it themselves.
Landlords Must Honor the Lease Usually, if your landlord sells the property that you occupy, your lease won't necessarily be terminated. Instead, the buyer of the property now becomes the new landlord and is obligated to comply with the terms of your existing lease until it expires.
How to Assign Your Lease in New York Check your landlord's policies. ... Start looking for a qualified tenant. ... Review your applicant's information. ... Prepare a lease assignment agreement for New York. ... Send the application to your landlord. ... Sign the agreement.
The lease terms should be included in the Agreement of Purchase and Sale. You can't ask the current owner to evict the tenant. You must wait until the lease is over. The landlord can ask if the tenants want to leave, but they are under no obligation to do so.

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