Equipment Lease Assignment (England and Wales)

This Assignment of Equipment Lease is for use when a party leasing equipment (the “assignor”) assigns the responsibilities and rights under that equipment lease to another party (the “assignee”). There are a variety of reasons why an equipment lease may be assigned including financial concerns or a change in business or personal circumstances. Many Equipment Leases contain a provision that the equipment owner must consent to any assignment; therefore, it is crucial that the master lease be reviewed before any assignment and the owner’s consent be obtained if necessary. An assignment of a lease should always be memorialized in writing. A written Assignment of Equipment Lease will prove invaluable if there are future misunderstandings or disagreements regarding the leased equipment. (continued ...)