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Assignment


The transfer in writing of an interest in a lease, mortgage or other instrument. The assignor, or lessee, transfers the entire remainder of the term created by the lease, and the assignee becomes liable to the original lessor for rent. Assign or may or may not retain secondary liability for performance under the lease, depending upon the terms of the lease pertaining to assignment.

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Thank you thank you, thank you. You saved our project and our sanity. We stood to lose a $925,000 deposit. You not only saved it for us, but enabled us to move forward, complete the project, and make a profit - and in this market, that's really saying a lot. You have our loyalty from here on.

-The Forrester Partnership


 

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