This document assigns specific leases on the property as well as any leases that are not specifically named. This is an outright assignment as opposed to a collateral assignment. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Wisconsin Assignment of General and Specific Leases refers to a legal document that allows a lessee (an individual or entity leasing a property) to transfer their rights and obligations under a lease agreement to another party. This assignment can be applicable to both general leases and specific leases, each having distinct characteristics. A general lease refers to a lease agreement that grants the lessee the right to occupy and use a property for a specific period. Typically, general leases encompass residential or commercial properties and outline the terms and conditions regarding rent, maintenance responsibilities, and other related obligations. The lessee may choose to assign their lease to another individual or entity, provided the landlord (lessor) agrees to the transfer. On the other hand, a specific lease, sometimes referred to as a sublease, occurs when a lessee sublets a portion or all of the leased property to another individual known as the sublessee. This type of lease commonly arises when the original lessee is unable to occupy or utilize the leased premises for the agreed-upon period. The Wisconsin Assignment of Specific Leases allows this transfer of the lessee's rights and responsibilities to the sublessee, subject to the approval of the landlord. Keywords: Wisconsin Assignment, General Lease, Specific Lease, lessee, lease agreement, transfer, rights, obligations, residential property, commercial property, rent, maintenance, sublease.
