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AGREEMENT TO ASSIGN



This Agreement to Assign (the Agreement) is made and effective the [DATE],


BETWEEN:  [YOUR COMPANY NAME] (the "Prospective Assignor"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:[YOUR COMPLETE ADDRESS]


AND:  [PROSPECTIVE ASSIGNEE NAME] (the "Prospective Assignee"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:[COMPLETE ADDRESS]

RECITALS

The parties declare:

Prospective Assignor has entered into a lease agreement, as lessor, with [LESSEE], of [ADDRESS], [CITY], [STATE], referred to as lessee. A copy of the lease agreement, containing a description of the premises, is attached to this agreement as Exhibit A.

Prospective Assignor desires to assign the lease agreement to Prospective Assignee, who will assume all liabilities and duties as well as all rights of Prospective Assignor pertaining to the collection of all rents to become due under the lease agreement after the effective date of the assignment.


In consideration of the mutual covenants contained in this agreement, the parties agree as follows:

Prospective Assignor will transfer and assign to Prospective Assignee all right to the collection of all rents required under the lease agreement provisions in the lease dated [DATE] on the premises described as follows: [SET FORTH DESCRIPTION CONTAINED IN LEASE].

The assignment shall become effective on [DATE], and shall apply to all rents due thereafter until expiration of the lease agreement term on [DATE].


IN WITNESS WHEREOF, the Assignor has executed this Assignment on the day and year first above written.

ASSIGNOR            ASSIGNEE

                          
Authorized Signature          Authorized Signature

                          
Print Name and Title          Print Name and Title

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