Document background
The Assignment Of Lease Agreement is a crucial document used when an existing tenant wishes to transfer their lease rights and obligations to a new tenant under Swiss law. This type of agreement is commonly required in various situations, such as business restructuring, relocation, or when a tenant needs to exit a lease early. The document must comply with Article 263 of the Swiss Code of Obligations, which specifically requires the landlord's written consent for any lease transfer. The agreement comprehensively addresses the transfer of rights, obligations, and liabilities, including arrangements for security deposits, outstanding payments, and property condition. It's particularly important in commercial contexts but is also used for residential properties. The document provides legal certainty for all parties involved and ensures a smooth transition of tenancy rights while maintaining the landlord's interests.
