Assignment and assumption of lease

Landlord acknowledges and agrees that, to its knowledge, Tenant is not in default of any of its obligations under the Lease prior to the Effective Date of this Assignment. Assignee hereby assumes and agrees to pay, perform, fulfill and comply with assignment and assumption of lease covenants and obligations including, without limitation, all rent covenants to be paid, performed, fulfilled or complied with by the Assignment and assumption of lease under the Lease arising from and after the Effective Date of assignment and assumption of lease Assignment. Given photos for creative writing my hand seal the assignment and assumption of lease and year last above written. These contractual obligations create both burdens and benefits on both sides. Nothing in this Assignment, express or implied, is intended or shall be construed to confer upon, or give to, any person, corporation or other entity, other than the named parties simple business plan layout this Assignment, any rights, remedies, obligations or liabilities. Acceptance and Assumption. Assignor has not assigned, sublet or otherwise conveyed its interest in the Lease to anyone. With a mortgage, the lender is required to loan the money and apply the payments correctly in accordance with the agreement, and then release the lien when the loan is paid. Name: Tracy Dick. Before me, the undersigned, a Notary Public in and for said County and State on this 8th day of June,personally appeared Matt Austin, to me known to be the identical person who executed the name of the maker thereof to the within and foregoing instrument as Vice President of Caliber Investment Group LLC, a Delaware limited liability company, and acknowledged to me that he executed the same as the free and voluntary act and deed of said limited liability company, on behalf of the limited liability company, for the uses and purposes therein set forth. This Assignment shall be governed by and construed in accordance with the laws of the State of Texas. Reviewed by: Michelle Seidel, B. She has written legal articles for Nolo and the Bankruptcy Site. Assumptions are common with respect to leases and mortgages and typically occur when the borrower or lessee wants to transfer the property to someone else without paying off the loan or lease. Instead, the original tenant is jointly responsible for the terms of the lease with the assignee. This Assignment shall be binding upon and inure to the benefit of the Assignor, the Assignee and the Landlord, and their respective successors and permitted assigns.