Lease Assignment Form Ontario
Description
How to fill out Assignment Of Lease And Assumption Of Lessee's Obligations With Consent Of Lessor?
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FAQ
Assigning is allowing another person to take over the lease agreement. It can be done if there's a fixed term lease and the tenant needs to leave before the end date.
On assignment, the assignor's legal interest in a property is passed to the assignee who takes over that interest and becomes the tenant. All the terms of the original tenancy agreement apply to both the new tenant and the landlord, including the amount of rent payable.
In the context of a sublease, the head lessee maintains the role of tenant with the head lessor as landlord, while in an assignment, the head lessee is removed from the relationship and the sublessee becomes the tenant of the head lessor in its place.
A tenant can make a written request at any time to assign their tenancy to someone else. The request should include the contact details of the person being proposed to take over the tenancy. Alternatively, the landlord can find a replacement tenant, although they don't have to do this if they don't want to.
You must ask permission from the landlord if you wish to sublet or to assign your unit. It is important to ask for permission in writing so that you have proof that you made the request if there is any dispute later on.