Assignment of Commercial Lease

This assignment can be used to transfer leased commercial premises from one party to another.

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Last updated February 3, 2026

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Suitable for Australia

Assignment of Commercial Lease

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What is a assignment of commercial lease?

An assignment of commercial lease is a legal document used to transfer a tenant’s rights and obligations under a lease to a new party, usually when a business is sold and the buyer wants to take over the premises.
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When should you use a assignment of commercial lease?

You should use this document when selling a business that operates from leased premises and the buyer wishes to continue occupying the property under the existing lease.
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What should be in a assignment of commercial lease?

It should include details of the assignor, assignee, lessor, any guarantors, necessary consents, assignment date, release or continuation of obligations, and any conditions precedent to the transfer.
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Frequently asked questions

What is a assignment of commercial lease?

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When should you use a assignment of commercial lease?

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What should be in a assignment of commercial lease?

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Who needs to be a party to the assignment?

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Does the assignor remain liable after the assignment?

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What consents are typically required for a valid assignment?

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What are common conditions that must be met before the assignment is effective?

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View Sample Assignment of Commercial Lease

Assignment of Commercial Lease

Articles about Assignment of Commercial Lease

Is it Necessary to Register a Commercial Lease?
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Is it Necessary to Register a Commercial Lease?

Do you plan to register a commercial lease? Read this article to find out whether it’s necessary to do so.

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Should My Business Sign a Commercial Lease?

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By Zoe Spanos|May 23, 2024

Commercial Lease & Retail Lease: What's Different?

A lease is a contractual arrangement between a tenant and a landowner. Find out how a commercial lease vs retail lease affects your business.

5 Questions for a Commercial Lease Lawyer
By Diana Liu|Dec 2, 2025

5 Questions for a Commercial Lease Lawyer

Hire the perfect lawyer to make sure your commercial lease is watertight.

Make Good Clauses: An Explainer
By Paul Taylor|Jul 16, 2019

Make Good Clauses: An Explainer

If you're thinking about leasing a commercial premises for your business, understanding how a make good clause works is important. Read about it here.

Can I Sublease Under a Commercial Lease?
By Lachlan Ward|May 6, 2019

Can I Sublease Under a Commercial Lease?

Looking to make use of your extra space on the premises you lease? Learn how to make extra money for your business with a sublease here.

Redecoration Clauses: An Explainer
By Eamon Fraser-Crooks|Jan 17, 2020

Redecoration Clauses: An Explainer

A redecoration clause requires a tenant to carry out certain maintenance or upgrade works to the property in a specified period of time. Find out more here.

What is Key Money?
By Daniel Fane|Jan 6, 2020

What is Key Money?

When leasing or renewing a commerical property a landlord may request a 'key money' deposit. Here's what they are and what to do when one's requested.

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