Deed of Assignment for Joint Tenants

Deed of Assignment (Joint Tenants)

PROP.RES.SL.12

This Deed of Assignment (Joint Tenants) can be used to transfer a Tenancy Agreement from one group of Tenants (the Assignors) to a new group of Tenants (the Assignees). If there is only one tenant who is party to the Tenancy Agreement, please use the Deed of Assignment (Single Tenant).

This Deed of Assignment should be used even if only one Tenant is being removed from the tenancy. It is not possible for one joint tenant to assign his or her “share” of the tenancy: instead, all the joint tenants must assign the Tenancy Agreement to the new group of joint tenants.

Check the terms of the Tenancy Agreement carefully before entering into an assignment. Most Tenancy Agreements place restrictions on a Tenant’s ability to assign. Usually the Landlord’s consent to the proposed assignment is required.

This Deed of Assignment contains an optional clause for the Landlord to give consent to the Assignment. Landlord may have required parental guarantors for the Tenants when the Tenancy Agreement was entered into. When the Tenancy Agreement is assigned the guarantors should be released from the guarantees.

The Deed of Assignment contains an optional release clause. Alternatively, the Landlord can deal with the release of the guarantors in separate documents – see the Deed of Release of Guarantor. Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.

This Deed of Assignment (Joint Tenants) is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.

Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.

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