Newfoundland Assignment of Lease by Landlord

Newfoundland landlords, if you have sold a rental property and are assigning an existing lease to the new owner, prepare an Assignment of Lease by Landlord with this easy-to-use template form.

• The Assignment is between the seller (current landlord or "assignor"), the purchaser of the property (new landlord or "assignee"), and the tenant.
• The tenant covenants to pay rent to the new landlord and continue to perform the tenant's obligations under the lease.
• The assignor and assignee agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.

This Newfoundland & Labrador Assignment of Lease by Landlord form is available as a MS Word download, and can be used for both commercial and residential rental properties.