Legal document transferring the tenancy agreement from one tenant to another.
This document outlines the terms and conditions of the transfer, including details of the property, the parties involved, and any obligations or restrictions that must be adhered to by the assignee. It serves as a formal agreement ensuring that all parties have a clear understanding of the transfer process and any associated responsibilities.
The landlord's permission is typically required to execute such an assignment, as the landlord needs to approve the assignee. Once the deed is executed, the assignee steps into the assignor’s position, assuming all rights and duties within the tenancy agreement.
A Deed of Assignment of Tenancy is typically used by tenants who wish to transfer their leasehold interest to another party. This legal document allows the current tenant to assign their rights and obligations under the tenancy agreement to a new tenant.
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