Assignment and Assumption of Leases (Commercial Real Estate Purchase and Sale) (CA) | Practical Law
An assignment and assumption of leases used in transactions for the purchase and sale of California commercial real estate where the seller assigns and the purchaser assumes the seller's interests and obligations, as the landlord, under the leases encumbering the real property. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both sellers and purchasers.