occasionally, tenants want to leave a rental property before the end of their lease. an assignment is the transfer of one party’s entire interest in and obligations under a lease to another party. the new tenant takes on the lease responsibilities, including rent and property maintenance, and the original tenant is released from most (if not all) of its duties. in every way, this lays the foundation for a great (and long-lasting) landlord/new tenant relationship. correspond to provisions in the form. special circumstances can require a tenant or a landlord to assign a commercial lease. find out the most common situations for a commercial lease assignment and whether it’s right for your situation. your commercial lease is a key element of your business. making sure the lease protects you and covers all situations will allow you to conduct business with peace of mind.