Approval from the landlord is a prerequisite to legalizing the assignment. To give prior notice to the landlord, the tenant must send a notice in writing by personal delivery or certified mail, and the notice must be accompanied by information like; the name and address of the proposed assignee, how the proposed assignee will use the property, and a copy of the proposed chain of title.
Rent and security deposit
Security deposit of the Property is currently (insert amount in numbers) and shall be paid as per the current lease agreement.
Rent of the Property is currently (insert amount in numbers) and shall be paid as per the current lease agreement.
Rent through the Agreement
Exactly (insert number, example: 3 days, 7 days) days after the date of this Agreement, the Assignor must pay to the Assignee any rent that may become due under the Lease up to the date on which the Assignee takes possession of the Property, which must be evidenced by a receipt or other written acknowledgment issued by the Landlord.
Termination and Non-Transferability
This Agreement may not be terminated except by mutual agreement of the Parties. Subsequently, the Assignee may not sublease, hypothecate, lend, sell, sublet, borrow on, pledge, or mortgage the Property.
The Assignee agrees to indemnify and hold the Assignor harmless from and against any claims, costs, losses, damages, liabilities, and expenses (including reasonable attorneys' fees and costs) arising out of or in connection with any claims or suits based on allegations that arise.