New York Assignment of Lease by Landlord

Assign an existing lease to a new owner of the property with this New York Assignment of Lease by Landlord form.

• The Assignment is between the seller (current landlord), the purchaser of the property (new landlord), and the tenant.
• The tenant covenants to pay rent to the new landlord and continue to perform the tenant's obligations under the lease.
• The purchaser and seller agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• The Assignment form can be used for both commercial and residential rental properties.

This New York Assignment of Lease by Landlord form is available as a MS Word download.