Sample Letter for Assignment of Lease in New Hampshire [Your Name] [Your Address] [City, State, Zip] [Date] [Landlord's Name] [Landlord's Address] [City, State, Zip] Subject: Assignment of Lease for [Property Address] Dear [Landlord's Name], I hope this letter finds you well. I am writing to formally request the assignment of lease for [Property Address] in accordance with the terms outlined in the lease agreement dated [Date of Lease Agreement]. I intend to assign my rights and obligations as the tenant to [New Tenant's Name], who has expressed his/her willingness to assume the lease. Furthermore, I have carefully reviewed the lease agreement and acknowledge that, as the assignor, I will remain liable for any defaults or breaches committed by the new tenant until the conclusion of the lease term. However, I have full confidence in [New Tenant's Name] fulfilling all lease obligations as stated in the original agreement. To facilitate this assignment, we kindly request that you review the attached documents, including the completed Assignment of Lease agreement and the proposed New Tenant's application. [New Tenant's Name] has provided all necessary information, including employment verification, rental history, and credit details, demonstrating his/her ability to fulfill lease requirements. We assure you that this assignment will not cause any inconvenience or financial loss to you as the landlord. [New Tenant's Name] has agreed to take over the lease on the same terms and conditions as stated in the original lease agreement. In fact, we believe [New Tenant's Name] will be an equally responsible and cooperative tenant, if not more. With your approval, we propose that the assignment of lease becomes effective on [Effective Date], allowing sufficient time for necessary paperwork and verification. Our aim is to ensure a smooth transition without any disruption to the property or rental payments. Please review the enclosed documents at your earliest convenience and let us know if there are any additional requirements or if you have any concerns regarding the assignment of lease. We will gladly address them promptly to your satisfaction. Thank you in advance for your cooperation and prompt attention to this matter. Should you require any further information or wish to discuss the assignment of lease, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. We greatly appreciate your understanding and support in facilitating this assignment of lease. Yours sincerely, [Your Name] Enclosures: 1. Completed Assignment of Lease agreement 2. New Tenant's application and supporting documents.
New Hampshire Sample Letter for Assignment of Lease
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FAQ
A deed to assign the benefit of a contract. The deed also includes optional drafting to subcontract performance of the assignor's obligations under the contract to the assignee.
A landlord can legally evict a tenant only by sending a written notice to the tenant. This written notice must be in the form of a "written notice to quit or leave" which is a legal document. Eviction for not paying rent, damages to the property or danger to the health or safety of others require seven days' notice.
Definition of "Assignment of Lease" The Assignment of Lease is a title document (also referring to the process itself) whereby all rights that a lessee or tenant possesses over a property are transferred to another party.
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.
When making a request for consent to assign a lease, the Tenant should include all relevant information about the proposed assignee, to enable the Landlord to make a decision. Relevant information is likely to include company details, audited accounts and references.
The difference between assignment and transfer is that assign means it's legal to transfer property or a legal right from one person to another, while transfer means it's legal to arrange for something to be controlled by or officially belong to another person.
A Deed of Assignment of Lease is used to transfer your obligations under a lease to another party. So, if you're the current tenant of a premises, this Deed of Assignment would allow you to transfer all your contractual obligations under the lease to a third party.
