A form of assignment and assumption of leases typically used in transactions for the purchase and sale of commercial real estate in Ohio that includes third-party leases. Under this assignment and assumption agreement, the seller assigns its interest, as the landlord, under the leases encumbering the real property being sold. The purchaser assumes all of the seller's interest in the leases as of the closing date. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both sellers and purchasers.