Description and usage Assignment of Lease/Transfer lease agreement to new tenant This agreement template is for use where a tenant (the assignor) agrees to transfer the remainder of its lease to a third party (the assignee) in return for a fee. It can be used for the assignment of either a lease or a sublease. This Assignment of Lease is only suitable for transferring/assigning a lease that is not registered at the Land Registry and is for less than 7 years. See our Explanatory Notes for more information. This four page document contains 9 clauses covering - definitions and interpretation
- assignment
- title guarantee
- indemnity
- 1954 Act proceedings
- costs
- VAT
- rights of third parties
- applicable law
A Schedule is included, allowing users to include property title details. You need this document if you are a tenant looking to transfer your lease to another person in exchange for a fee. What's in it? - See detailed Explanatory Notes below
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