Docsity
Log inSign up
Docsity
Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity

Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan

Guidelines and tips
Guidelines and tips
Sell on Docsity
Sell on Docsity
Log inSign up

Prepare for your exams

Study with the several resources on Docsity

Find documents

Prepare for your exams with the study notes shared by other students like you on Docsity

Search Store documents

The best documents sold by students who completed their studies

Search through all study resources
Docsity AINEW

Summarize your documents, ask them questions, convert them into quizzes and concept maps

Explore questions

Clear up your doubts by reading the answers to questions asked by your fellow students

Earn points to download

Earn points by helping other students or get them with a premium plan

Share documents
download point icon20 Points

For each uploaded document

Answer questions
download point icon5 Points

For each given answer (max 1 per day)

All the ways to get free points
Get points immediately

Choose a premium plan with all the points you need

Study Opportunities

Choose your next study program

Get in touch with the best universities in the world. Search through thousands of universities and official partners

Community

Ask the community

Ask the community for help and clear up your study doubts

University Rankings

Discover the best universities in your country according to Docsity users

Free resources

Our save-the-student-ebooks!

Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors

From our blog

Exams and Study
Go to the blog

Assignment and Assumption of Lease Agreement and Landlord's Consent, Lecture notes of Robotics

Nottingham Trent University (NTU)Robotics

An Assignment and Assumption of Lease Agreement and Landlord’s Consent, made between a Landlord, an Assignor, and an Assignee. The Assignor assigns and transfers their lease rights to the Assignee, who assumes the obligations under the lease. The Landlord consents to the assignment and assumption, with certain conditions.

Typology: Lecture notes

2021/2022

Uploaded on 09/12/2022

gustavott
gustavott 🇬🇧

3.9

(14)

254 documents

1 / 7

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
Exhibit F
Assignment and Assumption of Lease
Agreement and Landlord’s Consent
This Assignment and Assumption of Lease Agreement and
Landlord’s Consent (the “Agreement”), is made as of this
_________ day of _____________, 20___, between,
____________________________, maintaining an office at
______________________________________________, referred
to as the “Landlord,”
-and-
_________________________________________, maintaining an
office at ________________________________________,
referred to as the “Assignor,”
-and-
______________________, maintaining an office at
_______________________________________, referred to as the
“Assignee.”
Background
A. The Landlord and the Assignor, as tenant, entered into a written lease agreement
dated ________________, 20____ (the “Lease”), covering the premises located at
_______________________, ___________ of _______________, County of
_____________________, and State of New Jersey, as such premises are more particularly
described in the Lease (the “Demised Premises”).
B. A true and complete copy of the Lease is annexed to and made a part of this
Agreement as Schedule A.
pf3
pf4
pf5

Partial preview of the text

Download Assignment and Assumption of Lease Agreement and Landlord's Consent and more Lecture notes Robotics in PDF only on Docsity!

Exhibit F Assignment and Assumption of Lease Agreement and Landlord’s Consent

ThisLandlord’s Assignment Consent and (the Assumption “Agreement”), of Lease is made Agreement as of andthis _________ day of _____________, 20___, between, ____________________________, maintaining an office at ______________________________________________, referredto as the “Landlord,” -and- _________________________________________, maintaining anoffice at ________________________________________, referred to as the “Assignor,” -and- ______________________, maintaining an office at _______________________________________, referred to as the “Assignee.” Background A. The Landlord and the Assignor, as tenant, entered into a written lease agreement dated ________________, 20____ (the “Lease”), covering the premises located at _______________________, ___________ of _______________, County of _____________________, and State of New Jersey, as such premises are more particularly described in the Lease (the “Demised Premises”). B. A true and complete copy of the Lease is annexed to and made a part of this Agreement as Schedule A.

C. The Assignor wishes to assign the Lease to the Assignee and the Assignee desires to assume the Lease from the Assignor. D. The Landlord is willing to consent to the assignment and assumption of the Lease, but only upon the terms and conditions set forth in this Agreement. Now, therefore, in consideration of the premises and the mutual covenants set forth in this Agreement, the receipt and sufficiency of which are acknowledged by the parties, it is agreed as follows:

  1. Background. The Background section of this Agreement is incorporated herein by reference as if set forth at length.
  2. Defined Terms. For purposes of this Agreement, the terms used in this Agreement as defined terms which are not herein defined shall have the meaning ascribed to such terms in the Lease.
  3. Assignment. The Assignor assigns, transfers and sets over unto the Assignee all of the Assignor’s right, title and interest in and to the Lease, including, without limitation, any and all of the Assignor’s right, title and interest in and to the Security Deposit referenced in Section _______ of the Lease and the Assignor releases any and all claims to the Security Deposit. The Security Deposit shall be maintained pursuant to the provisions of the Lease.
  4. Assumption. The Assignee assumes the obligation of the Assignor for the full and punctual payment and performance of all of the terms, conditions and covenants of the Lease on the Assignor's part as tenant thereunder to be paid and performed, including, but not limited to, the payment of Base Rent, Additional Rent and any other charges or sums required of the tenant to be paid under the Lease.

executed by Landlord below: (a) the Assignor, as tenant, is not in default under any of the terms of the Lease; (b) all obligations and conditions under the Lease to be performed to date by the Assignor, as tenant, have been satisfied; and (c) no event has occurred which with the passage of time or the giving of notice, or both, would constitute an event of default by the Assignor, as tenant, under the Lease.

  1. Assignor and Assignee Liable. The Assignor and the Assignee shall each be primarily liable, jointly and severally, for the due and punctual payment, performance and observance of all of the terms, conditions and covenants of the Lease on the tenant’s part to be performed, including, but not limited to, the payment of Base Rent, Additional Rent and any other charges or sums required under the Lease of the tenant.
  2. Limitation of Consent of Landlord. The Landlord's consent to the assignment shall not be deemed to be a consent to any other assignment of the Lease or any subletting of all or part of the Premises. The Landlord shall not be deemed a party to the assignment and assumption between the Assignor and the Assignee.
  3. Indemnification. The Assignor and the Assignee shall jointly and severally indemnify, defend and save the Landlord harmless from and against any claims, suits, or damages (including, without limitation, reasonable attorney's fees) which may be asserted against the Landlord for brokerage commissions and/or similar commissions or fees in connection with this Agreement or otherwise in connection with the assignment.
  4. Governing Law. This Agreement shall be governed by the laws of the State of New Jersey. The parties acknowledge that this Agreement has been executed and delivered, and is intended to be performed in the State of New Jersey, and the parties submit to the jurisdiction of the courts of the State of New Jersey.
  1. Entire Agreement. This Agreement and the Lease constitute the entire agreement between the parties. No change, addition or modification to this Agreement shall be effective unless signed in writing by the parties.
  2. Miscellaneous. In all references in this Agreement to any parties, persons, entities or corporations, the use of any particular gender or the plural or singular number is intended to include the appropriate gender or number as the text of this Agreement may require.
  3. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties, their heirs, executors, administrators, personal or legal representatives, successors and permitted assigns, as the case may be.
  4. Counterparts. This Agreement may be signed in one or more counterparts, each of which shall be deemed an original.
  5. Legal Fees. The Assignor and the Assignee acknowledged that pursuant to Section _______ of the Lease, the Assignor is obligated to pay the Landlord’s attorney fees incurred by the Landlord in connection with this Agreement contemporaneously with the Assignor’s execution and delivery of this Agreement, satisfaction of which is a condition precedent to the effectiveness of the Landlord’s consent herein granted.
  6. Authority. The parties signing this Agreement individually represent and warrant that they have the authority to sign this Agreement on behalf of the party for whom they are executing this Agreement and to bind such party to this Agreement.

Schedule A