This precedent provides a professionally drafted Deed of Assignment of Lease used to transfer a tenant’s interest in leased premises to a new tenant. The document records the agreement between the landlord, the existing tenant (assignor) and the incoming tenant (assignee) and includes the landlord’s consent to the assignment.
Assignments of lease commonly arise in the context of a sale of business where the purchaser takes over the existing lease of the premises. The deed provides for the assignment of the tenant’s interest and deals with the continuing obligations of the parties under the lease.
The download also includes an Assignor’s Disclosure Statement for retail leases together with commentary explaining the assignment process and relevant legislative requirements.
Professionally Drafted Legal Precedent
Prepared by Australian legal professionals, this precedent provides a practical framework for use with the Contract for Sale and Purchase of Land 2026.
The document is fully editable in Microsoft Word and ready for immediate use.
At A Glance
What This Document Covers
- Transfer of a tenant’s interest in a lease
- Consent of the landlord to the assignment
- Release of the outgoing tenant where applicable
- Continuing obligations of the incoming tenant
Key Clauses Included
- Assignment of the tenant’s interest in the lease
- Consent of the lessor to the assignment
- Release of the assignor from further obligations
- Guarantee obligations of the incoming tenant
Typical Uses
- Sale of a business operating from leased premises
- Transfer of a commercial lease to a new tenant
- Obtaining landlord consent to assignment
- Recording the obligations of the incoming tenant
Additional Practical Resources
- Assignor’s Disclosure Statement (Retail Leases Act)
- Commentary explaining the assignment process
- Guidance on landlord consent requirements
- Fully editable Microsoft Word precedent
Drafted by Legal Professionals
Our precedents are prepared by Australian legal practitioners and reflect commonly used legal drafting standards.
Practical and Easy to Use
Each template provides a structured framework that can be adapted to suit the specific transaction or matter.
Instant Access
Download immediately after purchase and edit the document in Microsoft Word to suit your requirements.
Related Leasing Precedents
These related precedents may also assist practitioners involved in commercial leasing transactions.
- Special Conditions – Contract for Sale
- Deed of Variation of Lease
- Option Agreement – Put and Call Option
Frequently Asked Questions
What is an assignment of lease?
An assignment of lease is a legal transfer of a tenant’s interest in leased premises to a new tenant. The existing tenant (assignor) transfers their rights and obligations under the lease to the incoming tenant (assignee), usually with the consent of the landlord.
After the assignment takes effect, the assignee becomes the tenant under the lease and is responsible for complying with the lease obligations.
When is an assignment of lease typically used?
Assignments of lease commonly arise when a business operating from leased premises is sold and the purchaser takes over the existing lease. The assignment allows the purchaser to continue operating from the premises under the terms of the existing lease.
In most leases the consent of the landlord is required before the assignment can take effect.
What docum,ents are included in this download?
The download includes a professionally drafted Deed of Assignment of Lease together with an Assignor’s Disclosure Statement for retail leases and commentary explaining the assignment process and relevant legislative requirements.
Does the landlord need to consent to the assignment?
Most commercial leases require the landlord’s consent before a lease can be assigned to a new tenant. The landlord will usually review the proposed assignee and may request financial or business information before deciding whether to grant consent.
The assignment of lease deed records the landlord’s consent and the transfer of the tenant’s interest in the lease.
Also Known As
This precedent may also be referred to as an assignment of lease template, lease assignment deed, transfer of lease agreement or lease transfer document.
Assignments of lease commonly arise in commercial leasing transactions where an existing tenant transfers their interest in the lease to a new tenant, often in connection with the sale of a business.
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Instant download. Fully editable Microsoft Word format. Includes practical drafting guidance.