The Landlord Protection Agency  
Main Menu, Landlord Protection Agency homepage Membership With The Landlord Protection Agency Free Landlord Services Member Services  

Assignment of Lease - Landlord to Landlord

Assigning a Lease Agreement

to Essential landlord rental forms page
When purchasing or selling a tenant occupied rental property, an Assignment of Lease isn't always required, but is generally a good idea for the protection of the new owner to receive full rents from the investment property.

Often when notifying tenants that their rent is due and payable to a new owner, there is some skepticism on the part of the tenant. They worry that they may be getting scammed, since they may not be familiar with the parties of the sale and if there even was in fact a sale.

Having supportive documentation such as an Assignment of Lease or a Notice of Sale also notifies the tenant of a transfer of property ownership and the right to collect the rent.

Assignments of Leases are also used by many institutions as security for a debt, in the way banks usually include an "assignment of lease" in mortgage documentation.

The LPA Assignment of Lease form can help make the transition for your tenants from you to your buyer simple and easier to understand, while protecting the rights of the new owner.

to LPA Essential landlord rental forms

Legal Disclaimer

Log in

Look-up Associations
Rentals Available
Rentals Wanted
Realty Brokers
Tips & Advice
Tenant Histories

Other Areas Q&A Forum
Landlord Tenant Law
Essential Forms
Free Forms
Credit Reports
About Us

Contact The LPA

© 2000-2021 The Landlord Protection Agency, Inc.

Home | About The LPA | Contact Information | LPA Membership | Landlord Q&A Forum | Free Forms | Essential Forms | Credit Reports
E-mail a friend about TheLPA | Free Email LPA Newsletter | LPA FAQ | HELP using this site