Obtain copy Assignment of Lease

Obtain copy Assignment of Lease

What is an Assignment of Lease?

An Assignment of Lease is a Deed that is executed by the Landlord of a property in which he agrees to transfer the Lease from an existing tenant to another tenant. It is chiefly used where the property is leasehold and has not yet been registered, and has a large capital value, e.g. where a lesehold property is being sold. In practice the landlord is the vendor of a leasehold property, and the assignee is the purchaser.

What Information does the Assignment contain?

An assignment is a handy document to obtain a copy of if you require details of past ownerships or purchase prices of a property. It contains the names and addresses of the parties to the lease, the outgoing tenant and the incoming tenant. The term (length) of the lease also appears, and the number of years remaining in the term. The yearly rent payable and any apportionments will also be referred to, and the consideration (amount paid) for the assignment. There may be fresh covenants and/or easements, details of which will also appear.

Often the Deed will contain a recital detailing previous history of ownership, reasons for new covenants or easements, etc.

Although we are discussing landlords and tenants here, in reality the landlord is the vendor and the assignee is the purchaser. The terms assignment, assignor and assignee are confusingly used because the property is leasehold. If the property were freehold they would not be used.

From where can I obtain a Copy Assignment?

An assignment is usually found within the bundle of pre-registration deeds and documents for a leasehold property and forming part of the current or former root of title, being one of the documents in the chain. Once the property is registered there is no need to draw a Deed of Assignment for future purchases, but the Land Registry will retain a copy of any such forwarded to it on first registration if they add significantly to the title information. Where this is the case the Land Registry will add a note memo to the end of any clause in the Title Register that refers to the Assignment, to say a copy has been retained. A copy can then be obtained using our Associated Documents Search.

Associated Documents Search

This is a service we provide whereby for a fee of £29.95 you can obtain a copy of all Deeds and Documents that have been copied by the Land Registry and held in any one Title. If this includes an Assignment of a Lease that will be included.

Associated Documents Search