Rental Assignment Agreement
A Rental Assignment Agreement is a formal contract between a renter (the “assignor”) and a new renter (the “assignee”) that allows the original renter to transfer their legal rights and obligations under a rental agreement to another person. This agreement is commonly used when a renter wishes to move out of a rental property before the end of their lease term but does not want to break the lease. Instead, they assign the rental agreement to someone else, who will take over all responsibilities for the remaining duration of the agreement.
If You Hate Contracts, You’ll Love Bind
Contracting tool for people who just want to get things done.
Auto-Adapts to Any Situation
No case is too complex or unconventional. Just tell Bind what you need, and it will handle the rest.
Auto-Fills Details
Bind reasons and fills in details for you. If anything is needed, it will ask.
Context-Aware Summaries
Lengthy clauses and legal jargon? No worries—Bind explains everything in plain language.
Turns Any Data into a Contract
Deal notes on a napkin? Maybe in an email? Upload a screenshot, and Bind will turn it into a contract.
Rental Assignment Agreement - Transfer Your Rental Contract to Someone Else
A Rental Assignment Agreement is a contract that lets a current renter (assignor) transfer their rental agreement to a new renter (assignee). Your Rental Assignment Agreement made in Bind helps you legally hand over your rental responsibilities to someone else when you need to move out before your lease ends.
Your Rental Assignment Agreement made in Bind will include:
Party Information
Names and addresses of both the original renter(s) who want to leave and the new renter who will take over the lease, clearly establishing who's involved in the transfer.
Property Details
The complete address of the rental property being transferred, ensuring there's no confusion about which property is covered by the agreement.
Original Rental Agreement
Reference to the original rental contract that's being transferred, including when it was signed and who the landlord is, connecting this new agreement to the existing lease.
Transfer Statement
A clear declaration that the original renter is transferring all their rights and responsibilities under the rental agreement to the new renter, which is the core purpose of the document.
Effective Date and Duration
The specific date when the transfer takes effect and how long it will last (typically until the end of the original lease term), establishing clear timelines for the transition.
Original Renter's Declarations
Statements confirming that the original renter has the right to transfer the lease and has fulfilled all their obligations up to the transfer date, providing assurance to both the new renter and landlord.
Continued Liability Clause
Explanation that the original renter may still be responsible if the new renter breaches the lease terms, including the process for handling any such breaches, which protects the landlord's interests.
Communication Methods
How notices and other communications should be delivered between the parties and when they're considered received, ensuring everyone stays properly informed.
Assignment Fee
Optional section covering any fee the original renter might need to pay the landlord for processing and approving the transfer, providing transparency about any costs involved.
Dispute Resolution
How any disagreements related to the transfer will be handled, typically starting with negotiations and potentially moving to mediation or more formal resolution methods.
Final Provisions
Confirmation that the new renter agrees to take on all the original renter's lease obligations and that the original renter is responsible for payments up until the transfer date.
Governing Law
Which location's laws will apply to the agreement and which courts would handle any disputes. In Bind, you can select your preferred jurisdiction for the agreement.
Creating a Rental Assignment Agreement through Bind helps ensure a smooth transition when you need someone else to take over your lease. This agreement protects all parties—the original renter, new renter, and landlord—by clearly establishing who's responsible for what and when. Many landlords require this formal documentation before allowing a lease transfer, and having a well-written agreement can help secure the landlord's approval.
Endless Googling
100s of Ready-To-Use Docs
Contracts for every need from our huge library. Want to use your own? Just upload and turn it into a smart contract. It’s that simple.
Contracting on Autopilot — Shhh, Don’t Tell Legal 🤫
From an email to a ready contract in minutes. Every deal, hire, and case is unique. Bind gets it—and handles it. Don’t worry, legal, it follows your playbook!
No More “Could you explain...?” — Just get it signed
Contracts that explain themselves so you don’t have to. Questions? Want changes? Bind handles it all. Get signatures fast without playing catch-up in your inbox.