Assignment of Tenancy Agreement
Our Assignment of Tenancy Agreement can be used to transfer a tenancy agreement to another person.
- Easy to use, comprehensive template agreement.
- Solicitor drated to provide peace of mind but not high street prices.
- Money back 100% satisfaction guarantee.
- Draft, save and manage your template and document online.
This template Deed of Assignment of a Tenancy is carefully drafted to be comprehensive but easy to use and customise.
Assignment of Tenancy Agreement
The Assignment of Tenancy Agreement can be used in a number of different ways. It is sometimes referred to as a Deed of Assignment. In a typical tenancy situation the landlord and tenant sign a Tenancy Agreement outlining their rights and responsibilities, such as to pay the rent or to keep the property in a suitable condition for occupation.
The Assignment of Tenancy Agreement is typically used to sub-let the property to another tenant or where the landlord is selling the property. If the current tenant wants to sublet the property to another tenant, an Assignment of Tenancy is needed. The tenant may decide that they want to leave the Tenancy Agreement before the end of its term but instead of cancelling the agreement they find someone else to replace them. The original tenant is still named on the lease but the Assignment of Tenancy Agreement transfers the obligations, such as the payment of rent, to the subletting party.
The landlord's permission is normally needed to sub-let the tenancy in this way. ermission of the landlord. Some landlords are comfortable with this if the original tenant only plans on subletting the property for a few months and then returning to complete the tenancy. On the other hand, landlords may be unwilling to enter into this type of agreement because of the potential risks involved in securing the payment of the rent.
The second use of an Assignment of Tenancy Agreement is for when the landlord is selling the property to another person. The person buying the property will have to take over any Tenancy Agreement that is already in place. When the buyer signs the Assignment of Tenancy Agreement they are agreeing to abide by the terms that the original landlord and tenant agreed upon. So the new landlord will not be allowed to cancel the agreement unless there is reasonable cause.
The law states that a tenant cannot assign a tenancy to another tenant unless the landlord's consent has been obtained. If there is no consent, any such agreement will be void. This helps to protect the landlord and also the tenant in the certainty that any arrangement is legally enforceable.
Using the Assignment of Tenancy Agreement
The Assignment of Tenancy Agreement is easy to use and easy to download. Once the document has been downloaded to your computer you can save it and re-use it as needed. The document has been drafted by a solicitor to ensure that it is up to date and legally compliant.
Clauses in the Assignment of Tenancy Agreement
The Assignment of Tenancy Agreement template contains standard clauses. For a full preview of the Assignment of Tenancy Agreement template please click on the preview button above.
For further information on tenancy agreements please see our Law Library which contains our articles on Tenancy Agreements: Background Information for Landlords. We also have a range of Tenancy Agreements in our Personal Documents section.