Deed of assignment of lease
A deed for the assignment of an unregistered commercial leasehold property in England and Wales. This Standard Document sets out the essential terms between an assignor and an assignee, facilitating the transfer of the remainder of the lease term. It addresses key considerations such as the provision of a full or limited title guarantee, with specific modifications to the covenants implied by the Law of Property (Miscellaneous Provisions) Act 1994 (LPMPA 1994). The framework includes an indemnity covenant from the assignee to protect the assignor against future breaches of the lease obligations. It contains optional provisions for scenarios where the lease is continuing under the Landlord and Tenant Act 1954 (LTA 1954), including the assignment of court proceedings for a renewal tenancy. It also covers arrangements for any premium, costs, and Value Added Tax (VAT), providing a solid foundation for negotiating and finalising a leasehold assignment. For a suite of practice notes on lease assignments dealing with the transaction from the perspective of the assignee, see Lease assignment toolkit.
Already a Practical Law customer? Sign in
Get access to this document with Practical Law
The value of Practical Law
Deliver results and stay ahead with the help of Practical Law's built-in network of legal experts
As a legal professional, your time is a precious resource. Whether you need insights on a market-leading precedent, help navigating a new topic, how-to guidance on the law with an integrated drafting note, or a checklist to help mitigate risk, you can rely on Practical Law.
Practical Law is the only legal know-how solution supported by a team of over 650 full-time global editors who obsessively monitor the law and create resources to help you navigate the unknown and practise more efficiently.
Learn more about Practical Law
Make the most of your time and resources
Jumpstart your work
Easy-to-use tools deliver a great starting point, so you spend less time searching for templates, building presentations, or delving into unfamiliar areas.
Get how-to guidance
Practical resources provide you with in-depth expert knowledge and insights to help you work more efficiently and make informed decisions confidently.
Rely on worldwide expertise
We offer global and comparative content with thousands of assets covering critical legal topics in more than 100 countries, including weekly updates and daily alerts for EU Law.