Assigning Lease to New Owner

[M Ness]

Has anyone sold (or bought, for that matter) a property with a tenant in place? If so, what is the proper way to assign the lease to the new owner/landlord, assuming the lease is freely assignable? Is there a good sample assignment agreement floating out there that someone wouldn't mind sharing?

Thanks.

[Kurt K.]

The old landlord gives you the original lease(s). Nothing changes for the Tenants. No extra paperwork is needed, it is assumed that the new owner inherits existing tenants/leases.