Lease Assumption Agreement

If you need to leave a rental property before the lease is up, a Lease Assumption Agreement allows another tenant to assume your responsibilities under the lease. Keep in mind that if the new tenant doesn't hold up their end of the bargain, by failing to pay the rent for example, both you and the new tenant may be liable. In many cases, a Lease Assumption Agreement can be a win-win situation for everyone involved.

Use the Lease Assumption Agreement document if:

• You are a Tenant that is planning to move out of an apartment or residential rental property prior to the expiration of your Lease and you would like to have another person assume your Lease.