Lease Assignment
I. Introduction
This Lease Assignment document formalizes the transfer of property management responsibilities from Metro Property Management Solutions to [Your Company Name]. The transition is designed to ensure continuity of management services and clarity regarding the new management arrangement for the property located at 456 Maple Avenue, Metropolis.
II. Parties to the Assignment
Current Property Manager
Company Name: Metro Property Management Solutions
Contact Person: Jane Doe
Email: jane.doe@metroproperty.com
Address: 123 Elm Street, Metropolis
Phone Number: 222 555 7777
New Property Manager
Company Name: [Your Company Name]
Contact Person: [Your Name]
Email: [Your Email]
Address: [Your Company Address]
Phone Number: [Your Company Number]
III. Property Information
Property Address | Property Type | Number of Units | Current Lease Term | Management Fees |
|---|
789 Oak Lane, Metropolis | Residential | 15 | 6 Months Remaining | $600/Month |
101 Pine Road, Metropolis | Commercial | 5 | 1 Year Remaining | $900/Month |
IV. Effective Date and Transition
Effective Date
The Lease Assignment will take effect on March 1, 2050.
Transition Period
A transition period will be in effect from February 1, 2050, to March 1, 2050, to facilitate a smooth transfer of responsibilities and ensure that all property management tasks are successfully handed over.
V. Transferred Responsibilities
The management responsibilities being transferred include:
Rent Collection: Handling all incoming rent payments and processing transactions.
Maintenance and Repairs: Overseeing and coordinating all maintenance and repair services.
Tenant Relations: Managing tenant inquiries, complaints, and lease agreements.
Lease Enforcement: Ensuring compliance with lease terms and conditions.
Financial Reporting: Preparing and providing financial reports related to property management.
VI. Acknowledgment and Consent
By signing below, both parties acknowledge and consent to the terms outlined in this Lease Assignment. This agreement signifies the formal acceptance of management responsibilities by [Your Company Name].
VII. Contact Information
For any questions or additional information, please contact:
[Your Company Name]
Email: [Your Company Email]
Address: [Your Company Address]
Phone Number: [Your Company Number]
Prepared By: [Your Name]
Email: [Your Email]
VIII. Signatures
Current Property Manager: Jane Doe
Date: March 1, 2050
New Property Manager: [Your Name]
Date: March 1, 2050
IX. Attachments
Enclosed are the following documents for reference:
Copies of existing lease agreements
Maintenance and repair records
Financial statements from the previous management
End of Document
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