A commercial lease agreement involves the lease of a property for business purposes such as a store or office. An Assignment of a Commercial Lease is an agreement whereby the original tenant to a lease assigns his rights and responsibilities under that lease to another person. The original tenant may choose to use an assignment for a number of reasons including financial concerns or other changes in circumstances. This form is for use with commercial leases and contains an optional landlord consent clause.

Among others, this form includes the following provisions:

• Assignment
• Assumption of Rights and Obligations
• Assignor’s Representations
• Indemnification
• Additional Terms and Conditions

This lawyer-prepared packet contains:

• Instructions and Checklist
• General Information
• Assignment of Commercial Lease for the province of Ontario, Canada

Law Compliance: This form complies with the laws of the province of Ontario, Canada