- Now Trending:
- UNDERSTANDING TENANCIES ...
- THE SENIOR PARTNER OF PR...
- Dr. Prince O. Williams-J...
- How To Pick The Right Ho...
DEED OF ASSIGNMENT: EVERYTHING YOU NEED TO KNOW.
A Deed of Assignment refers to a legal document in which an assignor states his willingness to assign the ownership of his property to the assignee. The Deed of Assignment is required to effect a transfer of property and to show the legal right to possess it. It is always a subject of debate whether Deed of Assignment is a contract; a Deed of Assignment is actually a contract where the owner (the “assignor”) transfers ownership over certain property to another person (the “assignee”) by way of assignment. As a result of the assignment, the assignee steps into the shoes of the assignor and assumes all the rights and obligations pertaining to the property.
In Nigeria, a Deed of Assignment is one of the legal documents that transfer authentic legal ownership in a property. There are several other documents like a deed of gifts, Assent, etc. However, this article focuses on the deed of assignment.
It is the written proof of ownership that stipulates the kind of rights or interests being transferred to the buyer which is a legal interest.
Read Also: DIFFERENCE BETWEEN TRANSFER OF PROPERTY THROUGH WILLS AND DEED OF GIFT
CONTENTS OF A DEED OF ASSIGNMENT
Content of a Deed of Assignment matters a lot to the transaction and special skill is needed for a hitch-free transaction. The contents of a deed of assignment can be divided into 3 namely; the introductory part, the second (usually the operative part), and the concluding part.
- THE INTRODUCTORY PART: This part enumerates the preliminary matters such as the commencement date, parties in the transaction, and recitals. The parties mentioned in the deed must be legal persons which can consist of natural persons and entities with corporate personality, the name, address, and status of the parties must be included. The proper descriptions of the parties are the assignor (seller) and assignee (buyer). The Recitals give the material facts constituting the background to the current transaction in chronological order.
- THE SECOND PART (USUALLY THE OPERATIVE PART): This is the part where the interest or title in the property is actually transferred from the assignor to the assignee. It is more like the engine room of the deed of assignment. The operative part usually starts with testatum and it provides for other important clauses such as the consideration (price) of the property, the accepted receipt by the assignor, the description of the property, and the terms and conditions of the transaction.
- The testimonium : this shows that all the parties are involved in the execution of the deed.
- Execution : this means signing. The capacity of the parties (either individual, corporate bodies, illiterates) is of great essence in the mode of execution. It is important to note that the type of parties involved determines how they will sign. Example 2 directors or a director/secretary will sign if a company is involved. In the same way, if an association, couple, individual, illiterate, family land (omonile), firm, unregistered association, etc. is involved the format of signature would be different.
- Attestation : this refers to the witnessing of the execution of the deed by witnesses.
For a Deed of Assignment to be effective, it must include a column for the Governor of the state or a representative of the Government where the property is, to sign/consent to the transaction. By virtue of Sec. 22 of the Land Use Act, and Sec. 10 Land Instrument Registration Law, the Governor must consent to the transaction.
Do you have any further questions? feel free to call Ibejulekkilawyer on 08034869295 or send a mail to [email protected] and we shall respond accordingly.
Disclaimer: The above is for information purposes only and should not be construed as legal advice. Ibejulekkilawyer.com (blog) shall not be liable to any person(s) for any damage or liability arising whatsoever following the reliance of the information contained herein. Consult us or your legal practitioner for legal advice.
Only 22% of poorest Nigerian households have electricity access –World Bank
Related Posts
Understanding the Deed of Assignment
The Deed of Assignment is a legal document that transfers the rights and obligations of one party (the Assignor) to another party (the Assignee). This legal instrument is commonly used in various industries, including Law and Government. In the context of legal matters, the Deed of Assignment plays a crucial role in ensuring the proper transfer of legal rights and responsibilities between parties.
Key Elements of a Deed of Assignment
When drafting a Deed of Assignment, several key elements need to be included to make it valid and enforceable:
- Parties: Clearly identify the Assignor and Assignee with their complete legal names and contact information.
- Assignment Subject: Describe the rights, obligations, or property being transferred.
- Consideration: Specify any monetary or non-monetary consideration exchanged between the parties.
- Effective Date: State the date when the assignment becomes effective.
- Governing Law: Determine the jurisdiction and legal framework under which the Deed is governed.
- Signatures: Obtain the signatures of all parties involved, along with the date of signing.
The Importance of the Deed of Assignment
The Deed of Assignment holds significant importance in both legal and business contexts. It ensures transparency, clarity, and security while transferring rights or properties. By documenting the transfer process, the Deed of Assignment protects the interests of all parties involved and provides a legally binding agreement.
Practical Applications
1. real estate transactions.
In real estate, the Deed of Assignment is frequently utilized to transfer property ownership from the seller to the buyer. It serves as proof of the assignment and safeguards the buyer's rights over the property.
2. Intellectual Property
When a person or company wants to transfer the ownership of intellectual property, such as patents, trademarks, or copyrights, a Deed of Assignment becomes crucial. It outlines the transfer of these valuable assets and provides legal protection to the Assignee.
3. Debt Assignment
Debt Assignment allows one party to transfer their debt obligations to another party. This often occurs when companies sell their outstanding invoices or loans to a third party. The Deed of Assignment ensures a smooth transition and protects all parties involved.
4. Business Contracts
Within the realm of business contracts, a Deed of Assignment can play a significant role in the transfer of contractual rights and obligations. This can involve assigning rights to receive payments, transferring contractual benefits, or delegating responsibilities to another party.
Utilize Practical Law for Deed of Assignment Insights
For comprehensive and reliable information on Deed of Assignment, turn to Practical Law, a leading source for legal knowledge and insights. Practical Law offers a diverse range of resources, including expertly crafted templates, guides, and sample agreements, to help professionals navigate the intricacies of legal matters.
With Practical Law, you can gain a deeper understanding of the legal implications and practical considerations surrounding the Deed of Assignment. Stay informed, make well-informed decisions, and optimize your legal strategies with the guidance of industry-leading experts.
Unlock the power of Practical Law and enhance your knowledge on the Deed of Assignment today.
Professional Income Tax Software - GoSystem Tax RS
C-Track - Court Case Management System
Void ab initio - Practical Law
Search Office Locations - Denaro Anthony D Atty
What Attorneys Should Know About Reptile Theory
What GC Should Know About 4 Types of Intellectual Property
Bangalore Location
10 Ways to Celebrate Pride Month
Legal Systems in Australia: Overview - Practical Law
Internet Privacy Laws Revealed - How Your Personal Information is Protected Online
Deed of Assignment: Everything You Need to Know
A deed of assignment refers to a legal document that records the transfer of ownership of a real estate property from one party to another. 3 min read updated on January 01, 2024
Updated October 8,2020:
A deed of assignment refers to a legal document that records the transfer of ownership of a real estate property from one party to another. It states that a specific piece of property will belong to the assignee and no longer belong to the assignor starting from a specified date. In order to be valid, a deed of assignment must contain certain types of information and meet a number of requirements.
What Is an Assignment?
An assignment is similar to an outright transfer, but it is slightly different. It takes place when one of two parties who have entered into a contract decides to transfer all of his or her rights and obligations to a third party and completely remove himself or herself from the contract.
Also called the assignee, the third party effectively replaces the former contracting party and consequently assumes all of his or her rights and obligations. Unless it is stated in the original contract, both parties to the initial contract are typically required to express approval of an assignment before it can occur. When you sell a piece of property, you are making an assignment of it to the buyer through the paperwork you sign at closing.
What Is a Deed of Assignment?
A deed of assignment refers to a legal document that facilitates the legal transfer of ownership of real estate property. It is an important document that must be securely stored at all times, especially in the case of real estate.
In general, this document can be described as a document that is drafted and signed to promise or guarantee the transfer of ownership of a real estate property on a specified date. In other words, it serves as the evidence of the transfer of ownership of the property, with the stipulation that there is a certain timeframe in which actual ownership will begin.
The deed of assignment is the main document between the seller and buyer that proves ownership in favor of the seller. The party who is transferring his or her rights to the property is known as the “assignor,” while the party who is receiving the rights is called the “assignee.”
A deed of assignment is required in many different situations, the most common of which is the transfer of ownership of a property. For example, a developer of a new house has to sign a deed of assignment with a buyer, stating that the house will belong to him or her on a certain date. Nevertheless, the buyer may want to sell the house to someone else in the future, which will also require the signing of a deed of assignment.
This document is necessary because it serves as a temporary title deed in the event that the actual title deed for the house has not been issued. For every piece of property that will be sold before the issuance of a title deed, a deed of assignment will be required.
Requirements for a Deed of Assignment
In order to be legally enforceable, an absolute sale deed must provide a clear description of the property being transferred, such as its address or other information that distinguishes it from other properties. In addition, it must clearly identify the buyer and seller and state the date when the transfer will become legally effective, the purchase price, and other relevant information.
In today's real estate transactions, contracting parties usually use an ancillary real estate sale contract in an attempt to cram all the required information into a deed. Nonetheless, the information found in the contract must be referenced by the deed.
Information to Include in a Deed of Assignment
- Names of parties to the agreement
- Addresses of the parties and how they are binding on the parties' successors, friends, and other people who represent them in any capacity
- History of the property being transferred, from the time it was first acquired to the time it is about to be sold
- Agreed price of the property
- Size and description of the property
- Promises or covenants the parties will undertake to execute the deed
- Signatures of the parties
- Section for the Governors Consent or Commissioner of Oaths to sign and verify the agreement
If you need help understanding, drafting, or signing a deed of assignment, you can post your legal need on UpCounsel's marketplace. UpCounsel accepts only the top 5 percent of lawyers to its site. Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb.
Hire the top business lawyers and save up to 60% on legal fees
Content Approved by UpCounsel
- Define a Deed
- Contract for Deed California
- Contract for Deed in Texas
- Assignment Law
- Deed Contract Agreement
- Assignment Of Contracts
- Legal Assignment
- Deed vs Agreement
- Assignment Legal Definition
- Contract for a Deed
Deed of assignment of rent deposit(s) | Practical Law
Deed of assignment of rent deposit(s)
Practical law uk standard document 6-520-2981 (approx. 13 pages).
Deed of Assignment
Introduction.
Most of the time, when a tenant chooses to leave their property they will do so at the end of the fixed term of the tenancy and they will give you vacant possession of the property when they do.
However, sometimes one of your tenants will want to leave in the middle of a tenancy and the other remaining tenants will want to stay. In these circumstances if you do agree to allow them to leave the agreement, you can provide a new tenancy agreement that starts afresh, or you, the outgoing tenant, the remaining tenants and the replacement tenant can sign a deed of assignment. This will transfer the outgoing tenants interest in the property over to their replacement.
Deeds and signatures
As a deed this document must be signed by all parties but that signature must be witnessed by someone who is not a family member or a party to the agreement. The most appropriate way to do this is to have the witness be physically present in the room as the parties sign the deed.
Members only
Have you forgotten your password?
- Related Content
- Resources Index
- Pre-tenancy
- Creating Your Tenancy
- Managing Your Tenancy
- Ending Your Tenancy
- Looking After Your Property
- Licensing and Local Government
- Energy Efficiency
What is the process for dealing with a rent deposit deed on the assignment of a lease? What documentation is required?
A rent deposit is a sum of money that is deposited by a tenant when it takes a lease of premises as security against the non-payment of rent and other breaches of the lease. The money is held on the terms of the rent deposit deed .
Rent deposit agreements usually cover 'any' default or breach by the tenant, and not just rent arrears. The deposit is usually held either:
by the landlord as trustee, and on terms allowing the landlord to withdraw sums in the event of tenant default, or
it remains the tenant's money, but is protected by a legal charge in the landlord's
Access this content for free with a 7 day trial of LexisNexis and benefit from:
- Instant clarification on points of law
- Smart search
- Workflow tools
- 41 practice areas
** Trials are provided to all LexisNexis content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisNexis services please email customer service via our online form. Free trials are only available to individuals based in the UK, Ireland and selected UK overseas territories and Caribbean countries. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
Get your quote today and take step closer to being able to benefit from:
- 36 practice areas
Get a LexisNexis quote
* denotes a required field
To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.
Existing user? Sign-in CONTINUE READING GET A QUOTE
Related legal acts:
- Landlord and Tenant (Covenants) Act 1995 (1995 c 30)
Key definition:
Deed definition, what does deed mean.
Deeds are written agreements but differ from contracts in that the limitation period is 12 years and consideration is not required. There are very few categories of transactions that require execution by deed but they are transfers of land, leases, mortgages and charges, sales by mortgagees, appointments of trustees, powers of attorney and gifts.
Popular documents
Scotland—the process for applying for sequestration.
Scotland—the process for applying for sequestrationSequestration in Scotland is the legal process by which an insolvent debtor’s estate is gathered in, realised and then distributed among their creditors by a trustee appointed for that purpose. The process requires that a formal award of
Micklefield clauses
Micklefield clausesWhat is a Micklefield clause?It is common for employee share plans to provide that, on termination of employment (or when an employee is given or receives notice of termination of employment), subsisting share awards will be forfeited and subsisting share options will lapse.It is
Late payment penalties—inheritance tax
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
Contributory negligence in personal injury claims
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
0330 161 1234
- International Sales(Includes Middle East)
- Latin America and the Caribbean
- Netherlands
- New Zealand
- Philippines
- South Africa
- Switzerland
- United States
Popular Links
- Supplier Payment Terms
- Partner Alliance Programme
HELP & SUPPORT
- Legal Help and Support
- Tolley Tax Help and Support
LEGAL SOLUTIONS
- Compliance and Risk
- Forms and Documents
- Legal Drafting
- Legal Research
- Magazines and Journals
- News and Media Analysis
- Practice Management
- Privacy Policy
- Cookie Settings
- Terms & Conditions
- Data Protection Inquiry
- Protecting Human Rights: Our Modern Slavery Agreement
Deed of Assignment | Assignor | Assignee
Assign your property to another with a "deed of assignment".
Transfer your property to another person
Last updated on 16 November 2023
1. What is a Deed of Assignment?
A Deed of Assignment is a contract where the owner (the “assignor”) transfers ownership over property to another person (the “assignee”) by way of assignment. The assignee steps into the shoes of the assignor and assumes all the rights and obligations to the property.
2. When do you need a Deed of Assignment?
A Deed of Assignment is used when the owner wants to transfer ownership (and the rights and obligations) over property to another person.
3. What information do you need to create the Deed of Assignment?
To create your Deed of Assignment you’ll need the following minimum information:
- The type of assignor (e.g. individual or business) as well as name and details (e.g. nationality and address).
- The type of assignee (e.g. individual or business) as well as name and details (e.g. nationality and address).
- Brief description of the property to be assigned.
4. How much is the document?
The document costs PHP 400 for a one-time purchase. Once purchased you have unlimited use and revisions of this type of document.
You can also avail of Premium subscription at PHP 1,000 and get (a) unlimited use of our growing library of documents (from affidavits to contracts); and (b) unlimited use of our “ Ask an Attorney ” service, which lets you consult an expert lawyer anytime for any legal concern you have.
Click here to get this document
9 Eymard Drive, New Manila Quezon City Owned and operated by JCArteche’s Online Documentation & Referral Services
Back to Top
- Terms of Service
- Privacy Policy
- Create Documents
- Ask An Attorney
- How It Works
- Customer Support
How does it work?
1. choose this template.
Start by clicking on "Fill out the template"
2. Complete the document
Answer a few questions and your document is created automatically.
3. Save - Print
Your document is ready! You will receive it in Word and PDF formats. You will be able to modify it.
Deed of Assignment
Rating: 4.5 - 19 votes
A Deed of Assignment is an instrument of transfer which is used in real estate transactions to transfer legal title or the ownership of a land or building from the title holder (called the assignor ) to another called the assignee , usually for a consideration (money or money's worth).
The title transfer is done in writing, signed, sealed and delivered by the parties to the transaction. This is a very important document that should be delivered to the purchaser after the conclusion of the sale of any real property .
Note: This document is different from the Contract of Sale because although it is a vital document in real property sale and purchase transactions, the Contract of Sale alone does not transfer ownership or interest in real estate. On the other hand, a registered Deed of Assignment not only transfers legal interest in real property but also serves as the assignee's root of title . This means that a registered Deed of Assignment is enough proof of ownership of real property .
According to the Land Use Act, all state and federal lands are vested in the governor of each state and the federal government respectively, who hold the lands as trustees for Nigerians. Consequently, a person who acquires ownership of land in Nigeria is granted a certain term of years (usually 99 years) and is not referred to as the owner but the holder of a term of years and can assign the remainder of such term to another under a Deed of Assignment.
Note that if a person gifts another a real property , a Deed of Gift should be executed for this purpose.
How to use this document
The document should outline the names and addresses of the parties, a detailed description of the property being conveyed, the origin of the property, covenants and representations of the assignor.
After completing this document, the parties should sign the document . If either of the parties is an individual , the individual should sign the document and the document must be attested by one witness who will put their name, occupation, address and signature. If either of the parties is a company , the common seal of the company should be affixed on the document and either two directors or one director and one company secretary should sign the document.
After the documents have been properly executed, either of the parties (particularly the assignee) should take steps to register the property . The parties should consult a real property agent or their lawyer to register the property .
The assignor should deliver at least 4 (four) signed copies of this document to the assignee for registration at the requisite lands registry. The assignor can also keep a signed copy of this document for their record .
Applicable law
The Land Use Act 1978 applies to this document. The Property and Conveyancing Law of 1959 , Lagos State Registration of Titles Law 2004 and the Registration of Titles laws of various states are also applicable to this document.
How to modify the template
You fill out a form. The document is created before your eyes as you respond to the questions.
At the end, you receive it in Word and PDF formats. You can modify it and reuse it.
A guide to help you: How to Acquire Real Property in Nigeria
Other names for the document:
Deed of Agreement for Land, Deed of Assignment for Agreement, Deed of Assignment for Contract, Deed of Assignment for Land, Deed of Assignment of Real Property
Country: Nigeria
Commercial Real Estate - Other downloadable templates of legal documents
- Commercial Lease Agreement
- Request for Extension of Time for Rent Payment for Commercial Lease
- Commercial Lease Assignment Agreement
- Commercial Lease Amendment Agreement
- Commercial Sublease Agreement
- Commercial Lease Renewal Agreement
- Other downloadable templates of legal documents
Assignment of Lease
Jump to Section
What is an assignment of lease.
The assignment of lease is a title document that transfers all rights possessed by a lessee or tenant to a property to another party. The assignee takes the assignor’s place in the landlord-tenant relationship.
You can view an example of a lease assignment here .
How Lease Assignment Works
In cases where a tenant wants to or needs to get out of their lease before it expires, lease assignment provides a legal option to assign or transfer rights of the lease to someone else. For instance, if in a commercial lease a business leases a place for 12 months but the business moves or shuts down after 10 months, the person can transfer the lease to someone else through an assignment of the lease. In this case, they will not have to pay rent for the last two months as the new assigned tenant will be responsible for that.
However, before the original tenant can be released of any responsibilities associated with the lease, other requirements need to be satisfied. The landlord needs to consent to the lease transfer through a “License to Assign” document. It is crucial to complete this document before moving on to the assignment of lease as the landlord may refuse to approve the assignment.
Difference Between Assignment of Lease and Subletting
A transfer of the remaining interest in a lease, also known as assignment, is possible when implied rights to assign exist. Some leases do not allow assignment or sharing of possessions or property under a lease. An assignment ensures the complete transfer of the rights to the property from one tenant to another.
The assignor is no longer responsible for rent or utilities and other costs that they might have had under the lease. Here, the assignee becomes the tenant and takes over all responsibilities such as rent. However, unless the assignee is released of all liabilities by the landlord, they remain responsible if the new tenant defaults.
A sublease is a new lease agreement between the tenant (or the sublessor) and a third-party (or the sublessee) for a portion of the lease. The original lease agreement between the landlord and the sublessor (or original tenant) still remains in place. The original tenant still remains responsible for all duties set under the lease.
Here are some key differences between subletting and assigning a lease:
- Under a sublease, the original lease agreement still remains in place.
- The original tenant retains all responsibilities under a sublease agreement.
- A sublease can be for less than all of the property, such as for a room, general area, portion of the leased premises, etc.
- Subleasing can be for a portion of the lease term. For instance, a tenant can sublease the property for a month and then retain it after the third-party completes their month-long sublet.
- Since the sublease agreement is between the tenant and the third-party, rent is often negotiable, based on the term of the sublease and other circumstances.
- The third-party in a sublease agreement does not have a direct relationship with the landlord.
- The subtenant will need to seek consent of both the tenant and the landlord to make any repairs or changes to the property during their sublease.
Here is more on an assignment of lease here .
Benjamin W.
Parties Involved in Lease Assignment
There are three parties involved in a lease assignment – the landlord or owner of the property, the assignor and the assignee. The original lease agreement is between the landlord and the tenant, or the assignor. The lease agreement outlines the duties and responsibilities of both parties when it comes to renting the property. Now, when the tenant decides to assign the lease to a third-party, the third-party is known as the assignee. The assignee takes on the responsibilities laid under the original lease agreement between the assignor and the landlord. The landlord must consent to the assignment of the lease prior to the assignment.
For example, Jake is renting a commercial property for his business from Paul for two years beginning January 2013 up until January 2015. In January 2014, Jake suffers a financial crisis and has to close down his business to move to a different city. Jake doesn’t want to continue paying rent on the property as he will not be using it for a year left of the lease. Jake’s friend, John would soon be turning his digital business into a brick-and-mortar store. John has been looking for a space to kick start his venture. Jake can assign his space for the rest of the lease term to John through an assignment of lease. Jake will need to seek the approval of his landlord and then begin the assignment process. Here, Jake will be the assignor who transfers all his lease related duties and responsibilities to John, who will be the assignee.
You can read more on lease agreements here .
Image via Pexels by RODNAE
Assignment of Lease From Seller to Buyer
In case of a residential property, a landlord can assign his leases to the new buyer of the building. The landlord will assign the right to collect rent to the buyer. This will allow the buyer to collect any and all rent from existing tenants in that property. This assignment can also include the assignment of security deposits, if the parties agree to it. This type of assignment provides protection to the buyer so they can collect rent on the property.
The assignment of a lease from the seller to a buyer also requires that all tenants are made aware of the sale of the property. The buyer-seller should give proper notice to the tenants along with a notice of assignment of lease signed by both the buyer and the seller. Tenants should also be informed about the contact information of the new landlord and the payment methods to be used to pay rent to the new landlord.
You can read more on buyer-seller lease assignments here .
Get Help with an Assignment of Lease
Do you have any questions about a lease assignment and want to speak to an expert? Post a project today on ContractsCounsel and receive bids from real estate lawyers who specialize in lease assignment.
Meet some of our Assignment of Lease Lawyers
I was born and raised in Wayne, New Jersey and attended Seton Hall University, graduating cum laude. I followed my family down to Florida to attend Ave Maria School of Law where I graduated cum laude. I was admitted to the Florida Bar in 2018. During law school, I participated in the Certified Legal Internship program with the State Attorney's Office of the 20th Judicial Circuit and litigated 5 jury trials, 1 non jury trial and argued various motions before the court under the supervision of an Assistant State Attorney. I was an Assistant States Attorney for Collier County from 2018 to 2020 before moving into private practice in the areas of real estate and first party property from 2020 to 2021. As of November 2021, I started my own law practice that focuses on business planning, real estate and estate planning.
Vicki graduated from Regent University School of Law in Virginia Beach, Virginia in 1996. She is a licensed attorney. She has been admitted to Wisconsin since 1998 and Pennsylvania since 1999.
I work with private tech companies on entity formation, corporate governance, and commercial agreements. I was an in-house counsel for a unicorn fintech startup and am currently associated with a startup boutique while operating my solo practice. I received my JD from Berkeley Law, and served in the US Navy for 5 years as a combat linguist. I am fluent in Korean.
Business, Real Estate, Tax, Estate Planning and Probate attorney with over 20 years experience in private practice in Colorado. Currently owner/operator of John M. Vaughan, Attorney at Law solo practitioner located in Boulder, CO. My practice focuses on transactional matters only.
I have 20-plus years of experience as a corporate general counsel, for public and private corporations, domestic and international. I have acted as corporate secretary for a publicly-held corporation and have substantial experience in corporate finance, M&A, corporate governance, incorporations, corporate maintenance, complex transactions, corporate termination and restructuring, as well as numerous aspects of regulatory and financial due diligence. In my various corporate roles, I have routinely drafted complex corporate contracts and deal-related documents such as stock purchase agreements, option and warrant agreements, MSAs, SOWs, term sheets, joint venture agreements, tender agreements purchase and sale agreements, technology licensing agreements, vendor agreements, service agreements, IP and technology security agreements, NDAs, etc. and have managed from both a legal and business perspective many projects in the financial, technology, energy and venture capital fields.
My practice focuses on business and commercial litigation. I have worked with companies of all sizes from sole member LLCs to those in the Fortune 500. I've advised clients on mergers, equity issuances, commercial transactions, joint ventures, employment issues, and non-competition. I've also drafted and negotiated the underlying agreements for these transactions and more.
Accomplished Attorney with 33 years of experience assisting clients with their legal needs, including reviewing and drafting of various contracts and agreements.
Find the best lawyer for your project
Contract to lease land from a church.
I’m planning on leasing land from a church. Putting a gym on the property. And leasing it back to the school.
Ok; first step is that you will need a leasing contract with the church. Ask them to prepare one for you so you would just need an attorney to review the agreement and that should cost less than if you had to be the party to pay a lawyer to draft it from scratch. You need to ensure that the purpose of the lease is clearly stated - that you plan to put a gym on the land so that there are no issues if the church leadership changes. Step 2 - you will need a lease agreement with the school that your leasing it do (hopefully one that is similar to the original one your received from the church). Again, please ensure that all the terms that you discuss and agree to are in the document; including length of time, price and how to resolve disputes if you have one. I hope this is helpful. If you would like me to assist you further, you can contact me on Contracts Counsel and we can discuss a fee for my services. Regards, Donya Ramsay (Gordon)
How It Works
Post Your Project
Get Free Bids to Compare
Hire Your Lawyer
Real Estate lawyers by top cities
- Austin Real Estate Lawyers
- Boston Real Estate Lawyers
- Chicago Real Estate Lawyers
- Dallas Real Estate Lawyers
- Denver Real Estate Lawyers
- Houston Real Estate Lawyers
- Los Angeles Real Estate Lawyers
- New York Real Estate Lawyers
- Phoenix Real Estate Lawyers
- San Diego Real Estate Lawyers
- Tampa Real Estate Lawyers
Assignment of Lease lawyers by city
- Austin Assignment of Lease Lawyers
- Boston Assignment of Lease Lawyers
- Chicago Assignment of Lease Lawyers
- Dallas Assignment of Lease Lawyers
- Denver Assignment of Lease Lawyers
- Houston Assignment of Lease Lawyers
- Los Angeles Assignment of Lease Lawyers
- New York Assignment of Lease Lawyers
- Phoenix Assignment of Lease Lawyers
- San Diego Assignment of Lease Lawyers
- Tampa Assignment of Lease Lawyers
related contracts
- Addendum to Lease
- ALTA Statement
- Apartment Lease
- Apartment Rental Agreement
- Boundary Line Agreement
- Brokerage Agreement
- Building Contract
- Building Lease
- Business Office Lease Agreement
- Buyer Agency Agreement
other helpful articles
- How much does it cost to draft a contract?
- Do Contract Lawyers Use Templates?
- How do Contract Lawyers charge?
- Business Contract Lawyers: How Can They Help?
- What to look for when hiring a lawyer
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
Contracts Counsel was incredibly helpful and easy to use. I submitted a project for a lawyer's help within a day I had received over 6 proposals from qualified lawyers. I submitted a bid that works best for my business and we went forward with the project.
I never knew how difficult it was to obtain representation or a lawyer, and ContractsCounsel was EXACTLY the type of service I was hoping for when I was in a pinch. Working with their service was efficient, effective and made me feel in control. Thank you so much and should I ever need attorney services down the road, I'll certainly be a repeat customer.
I got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.
Want to speak to someone?
Get in touch below and we will schedule a time to connect!
Find lawyers and attorneys by city
- Practical Law
On an assignment can a landlord retain a rent deposit from the assignor tenant?
Practical law resource id a-005-8542 (approx. 2 pages).
- Landlord and Tenant
⛪ Rent deposit assignment
A rent deposit assignment is a legal document that assigns the responsibility for paying the rent on a property from one party to another. This type of assignment is typically used when a tenant is unable to make their rent payments and assigns the responsibility to a third party, such as a family member or friend. The assignment can also be used to assign the responsibility for paying the rent to a new tenant if the original tenant moves out before their lease is up.
Note: Working on a legal issue? Try our AI Legal Assistant - It's free while in beta 🚀
Deed Of Assignment For Rent Deposits (Occupation Lease)
England and Wales
Associated business activities
Lease a property, try the world's most advanced ai legal assistant, today.
IMAGES
VIDEO
COMMENTS
The Deed of Assignment is required to effect a transfer of property and to show the legal right to possess it. It is always a subject of debate whether Deed of Assignment is a contract; a Deed of Assignment is actually a contract where the owner (the "assignor") transfers ownership over certain property to another person (the "assignee ...
This DEED OF ASSIGNMENT (the "Assignment" or "Deed") duly executed by: The undersigned party/ies duly identified as the "ASSIGNOR" and/or "DEBTOR" set forth under Schedule "A" and made an integral part hereof; ... Deposit Act of the Philippines of 1974), as amended, and other laws/regulations relative to the confidentiality ...
The Deed of Assignment is a legal document that transfers the rights and obligations of one party (the Assignor) to another party (the Assignee). This legal instrument is commonly used in various industries, including Law and Government. In the context of legal matters, the Deed of Assignment plays a crucial role in ensuring the proper transfer ...
The deed of assignment is the main document between the seller and buyer that proves ownership in favor of the seller. The party who is transferring his or her rights to the property is known as the "assignor," while the party who is receiving the rights is called the "assignee.". A deed of assignment is required in many different ...
by Practical Law Property. Maintained • , England, Wales. A deed for use when acting on the sale of a reversionary interest in a property subject to occupational leases, where a tenant (or more than one) has entered into a Rent Deposit Deed.
Name Competent Proof of Identity. to me known and known to be the same person/s who signed and executed the foregoing Deed of Assignment of Time/Savings Deposits and they acknowledge to me that the same is his/their free and voluntary act and deed as well as of the entity/ies herein represented and that it was executed for the ends and purposes ...
ASSIGNEE has tho tull and absolute control of Sald deposit's / placement's Upon tha non-fulfillment by the ASSIGNOR/DEBTOR of any 01 the conditions of this deed and the correlative Óromissory note's, whlch torrn/s an integral 'part of this assignment by reference, the ASSIGNEE Is fully authorized and empowered to apply said
these deed and the correlative promissory note/s, which form/s an integral part of this assignment by reference., the ASSIGNEE is fully authorized and empowered to apply said deposit/s or placement/s for the purpose of liquidating the financial accommodation/loan either partially or totally.
A deed for use when acting on the sale of a reversionary interest in a property subject to occupational leases, where a tenant (or more than one) has entered into a Rent Deposit Deed. To access this resource, sign in below or register for a free, no-obligation trial.
The deed of Assignment for Rent Deposits outlines the terms and conditions of the assignment of a rental property lease. It provides a legally binding agreement between the landlord, the original tenant, and the new tenant. This deed serves to transfer the rights and obligations of the original tenant to the new tenant, including the ...
In these circumstances if you do agree to allow them to leave the agreement, you can provide a new tenancy agreement that starts afresh, or you, the outgoing tenant, the remaining tenants and the replacement tenant can sign a deed of assignment. This will transfer the outgoing tenants interest in the property over to their replacement.
A Deed of Assignment is a vital legal document used to transfer rights, interests or assets between parties. ... Deed Of Assignment For Rent Deposits Occupation Lease Deed Of Assignment Of Benefit Of Claim For The Freehold Or Extended Lease House Under Section 8 Or Section 14 Deed Of Assignment Of Equitable Interest In Residential Land Deed Of ...
This Deed of Assignment made the day and year stated in Section 1 of the First Schedule hereto BETWEEN (1) MBSB BANK BERHAD (Registration No. 200501033981)(716122-P), a company incorporated in Malaysia with its registered office at Level 25, Menara MBSB Bank, PJ Sentral, Lot 12, Persiaran Barat, Seksyen 52, 46200 Petaling Jaya, Selangor ...
This precedent deed of assignment provides for the landlord to assign the benefit of the rent deposit deed to the buyer on a sale of the landlord's reversionary interest, subject to the buyer covenanting with the tenant to hold the deposit in accordance with the terms of the deed and perform and observe the landlord's obligations in the ...
A rent deposit is a sum of money (usually equalling between 6 and 12 months' gross rent) paid by the tenant and accessible by the landlord in circumstances agreed between the parties. The circumstances are usually non-payment of rent or breach of tenant covenants. The document setting out the rent deposit agreement is usually a rent deposit deed.
If the individual title is issued when entering into a SPA: The stamp duty will be calculated based on the property purchase price (as stated in the Memorandum of Transfer and SPA), or the property's market value. If the individual title is not issued when entering into a SPA: Both the SPA and Deed of Assignment will bear a nominal stamp duty of RM10 on each copy of the documents.
2 5. The ASSIGNOR has sufficient deposit/s or placement/s with the BANK which is/are acceptable to the ASSIGNEE as collateral for the Bond; NOW THEREFORE, for and in consideration of the foregoing premises, the ASSIGNOR hereby cedes, transfers, conveys, and delivers to the ASSIGNEE, its successors or assigns, PESO denominated deposit/s or placement/s as represented
A rent deposit is a sum of money that is deposited by a tenant when it takes a lease of premises as security against the non-payment of rent and other breaches of the lease. The money is held on the terms of the rent deposit deed. Rent deposit agreements usually cover 'any' default or breach by the tenant, and not just rent arrears.
A Deed of Assignment is a contract where the owner (the "assignor") transfers ownership over property to another person (the "assignee") by way of assignment. The assignee steps into the shoes of the assignor and assumes all the rights and obligations to the property. 2. When do you need a Deed of Assignment?
A Deed of Assignment is an instrument of transfer which is used in real estate transactions to transfer legal title or the ownership of a land or building from the title holder (called the assignor) to another called the assignee, usually for a consideration (money or money's worth). The title transfer is done in writing, signed, sealed and delivered by the parties to the transaction.
This assignment can also include the assignment of security deposits, if the parties agree to it. This type of assignment provides protection to the buyer so they can collect rent on the property. The assignment of a lease from the seller to a buyer also requires that all tenants are made aware of the sale of the property.
Our Customer Support team are on hand 24 hours a day to help with queries: +44 345 600 9355. Contact customer support Opens in a new window. End of Document. Resource ID a-005-8542. Can a Landlord, on the assignment of a lease by a Tenant, opt to retain the assignor's Rent Deposit as well as requiring the incoming Tenant to sign a 6 months rent ...
The deed of Assignment for Rent Deposits outlines the terms and conditions of the assignment of a rental property lease. It provides a legally binding agreement between the landlord, the original tenant, and the new tenant. This deed serves to transfer the rights and obligations of the original tenant to the new tenant, including the ...