This Deed of Assignment of a Lease shall be used where a tenant of an unregistered lease (also called the “Assignor”) wants to assign the remainder of the term of the lease to a new tenant called the “Assignee”.
The document is drafted to achieve a reasonable balance between the parties, it is suitable for use whether or not the lease is a "new lease" under the LTCA 1995, and it can be used for the assignment of either a lease or an underlease. If you are assigning an underlease (also known as a sub-lease) you can still use this Deed of Assignment but you will have to edit the terminology in the template to refer to a sub-lease rather than a lease.
If landlord's consent to the assignment is required (please check the terms of the lease), this will be provided by way of a separate licence and the landlord does not therefore need to join in the deed of assignment to indicate its consent. This Deed of Assignment of a Lease assumes that the consent of the landlord to assign the lease has already been obtained with a Licence to Assign document template.
Please note: Do not use this Deed of Assignment of a Lease, if:
The assignor is only assigning part of the property demised by the lease.
The assignment is by a mortgagee, liquidator, receiver or an administrator.
The lease is registered or there is an application pending for first registration of the lease.
This Deed of Assignment of a Lease is in Microsoft Word format, written in plain English, easy to use and edit.
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