OREF 073 + C-520 – Assignment & Assumption of Leases

When it comes to purchasing investment property, understanding the fine print can make all the difference—especially when leases are involved. That’s where OREF 073 + OREF C-520 – Assignment and Assumption of Leases step in. This essential form ensures a clear and documented transfer of lease rights and responsibilities from seller to buyer. It helps protect both parties from future disputes and provides peace of mind long after the ink has dried.

Download the OREF 073 & C-520 Handout here!

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Always check with your principal broker or legal counsel to ensure that you are following any policy requirements of your brokerage. All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.