PEI Assignment of Lease by Landlord

Assign an existing lease on a PEI rental property to a new owner with this Prince Edward Island Assignment of Lease by Landlord.

• The Assignment is between the seller, the purchaser of the property (new landlord), 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 seller and purchaser agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• The template can be used for both commercial and residential rental properties.

This Prince Edward Island Assignment of Lease by Landlord form is available as a MS Word download.