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Provide a template for a Lease Assignment Agreement

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Lease Assignment Agreement Template

Introduction
Parties
Assignment of Lease
Obligations of Assignee
Obligations of Assignor
Consent of Lessor
Default and Termination
Representations and Warranties
Notices
Governing Law and Jurisdiction
Entire Agreement
Severability
Waiver
Binding Effect
Counterparts
Signatures

Introduction

This Lease Assignment Agreement (the "Agreement") is made and entered into as of [DATE], by and between [ASSIGNOR NAME], a [TYPE OF ENTITY] with its principal place of business at [ADDRESS] (the "Assignor"), and [ASSIGNEE NAME], a [TYPE OF ENTITY] with its principal place of business at [ADDRESS] (the "Assignee").

Parties

Assignor: [ASSIGNOR NAME]
Assignee: [ASSIGNEE NAME]

Assignment of Lease

The Assignor hereby assigns to the Assignee all of its right, title, and interest in and to the Lease Agreement dated [DATE] (the "Lease"), entered into between [LESSOR NAME] and the Assignor, for the premises located at [ADDRESS] (the "Premises").

Obligations of Assignee

The Assignee agrees to assume all of the Assignor's obligations under the Lease, including but not limited to:
- Paying rent and other charges due under the Lease;
- Complying with all of the terms and conditions of the Lease;
- Maintaining the Premises in accordance with the Lease;
- Indemnifying the Lessor for any losses or damages arising from the Assignee's breach of the Lease.

Obligations of Assignor

The Assignor agrees to:
- Cooperate with the Assignee in the assignment of the Lease;
- Provide the Assignee with all necessary documents and information relating to the Lease;
- Indemnify the Assignee for any losses or damages arising from the Assignor's breach of the Lease.

Consent of Lessor

The Assignee acknowledges that the assignment of the Lease is subject to the consent of the Lessor. The Assignor shall use commercially reasonable efforts to obtain the Lessor's consent to the assignment.

Default and Termination

If the Assignee defaults on any of its obligations under the Lease, the Assignor shall have the right to terminate this Agreement and the Assignee's rights under the Lease.
If the Assignor defaults on any of its obligations under this Agreement, the Assignee shall have the right to terminate this Agreement.

Representations and Warranties

The Assignor represents and warrants to the Assignee that:
- It has the full right, power, and authority to enter into this Agreement and to assign the Lease;
- The Lease is in full force and effect and is not subject to any default or breach;
- There are no pending or threatened legal proceedings that could materially adversely affect the Lease.

Notices

All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered personally, sent by certified or registered mail, return receipt requested, or sent by overnight courier service, addressed as follows:
- If to the Assignor: [ASSIGNOR NAME] [ADDRESS]
- If to the Assignee: [ASSIGNEE NAME] [ADDRESS]

Governing Law and Jurisdiction

This Agreement shall be governed by and construed in accordance with the laws of the Republic of Kenya.
Any dispute arising out of or relating to this Agreement shall be subject to the exclusive jurisdiction of the courts of the Republic of Kenya.

Entire Agreement

This Agreement constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.

Severability

If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.

Waiver

No waiver of any breach of any provision of this Agreement shall constitute a waiver of any other or subsequent breach.

Binding Effect

This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

Counterparts

This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Signatures

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

[ASSIGNOR NAME]

By: [NAME]

Title: [TITLE]

[ASSIGNEE NAME]