Fill and Sign the Proprietary Lease Form

Assumption of Proprietary Lease Whereas, _________________ (Name of Assignee) , of ___________________ ____________________________________ (street address, city, state, zip code) , hereinafter called the Assignee, is the Assignee named in an instrument of Assignment executed on _________________ (date) by __________________________ (Name of Assignor) , of __________________________________________________________ (street address, city, state, zip code) , hereinafter called the Assignor. By such instrument Assignor assigns to Assignee all of Assignor's interest under a Proprietary Lease (the Lease ), dated ___________________ (date) , made between ________________________________ (Name of Corporation) , a Corporation organized and existing under the laws of the state of ______________, with its principal office located at _________________________________________________________ (street address, city, state, zip code) , referred to herein as the Corporation . For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Corporation agrees as follows: 1. The premises (the Premise s) covered by said Lease is located at ____________ ______________________________________ (street address, city, state, zip code) , and is known as ______________________ (Name of Premises) . 2. Under the terms of the Lease, no assignment or transfer shall take effect as against the Corporation for any purpose until an agreement in a form approved by the Corporation is executed and acknowledged by the Assignee, assuming and agreeing to be bound by all the covenants and conditions of the Lease. 3. Now, therefore, in compliance with the terms of the Lease, and in order to render effective the Assignment, Assignee accepts the Assignment of the Lease, and agrees with Assignor and the Corporation, from and after the effective date of the Assignment, to pay promptly when due all rent and additional rent payable by the Lessee under the Lease, and to perform and observe all covenants and conditions required to be performed and observed by the Lessee under the terms of the Lease. WITNESS our seals and signatures as of the day and date first above stated. ____________________________ (Name of Corporation) By: ______________________________ By: _____________________________ _____________________________ __________________________ (P rinted Name & Office in Corporation) (Printed Name of Assignee) _____________________________ __________________________ (Signature of Officer) (Signature of Assignee) _____________________________ (Printed Name of Assignor) _____________________________ (Signature of Assignor) Signed, sealed and delivered in the presence of: Printed Name of Witness: _____________________________________ Signature: ___________________ (Signature of Witness) Printed Name of Witness: _____________________________________ Signature: ___________________ (Signature of Witness) (Acknowledgment form may vary by state) State of ________________ County of __________________ I ____________________ (Name of Notary Public) , a Notary Public in and for the State of ______________, do hereby certify that _______________________________ __________________ (Names of Assignor and Assignee) , who are personally well known to me, as parties to and who executed the foregoing Assumption of Proprietary Lease bearing date of the _____ day of _______________, 20______, each personally appeared before me in said jurisdiction and acknowledged the same to be their act and deed. WITNESS my hand and official seal this ______ day of _______________, 20_____. _____________________ NOTARY PUBLIC My Commission expires: ___________________ Washington, District of Columbia: This instrument was acknowledged before me on ________________ (date) by _________________________________ (Name of Officer of Corporation) , as _______________________ (Name of Office) of ___________________________ (Name of Corporation) . _____________________ NOTARY PUBLIC My Commission expires: ___________________