After the outgoing tenant finds a replacement, landlords do not need to increase their administration costs by drafting a new tenancy agreement.
Instead, all parties can complete a deed of assignment. This legal document needs to be signed by the new tenant, the departing tenant, the remaining tenant(s) and the landlord because it confirms:
- The outgoing tenant is leaving and is being released from the contract
- The incoming tenant is moving in and wishes to be bound by the terms of the contract
- The remaining tenants and you, the landlord, agree to this arrangement
If you like a custom, completely personalised assignment agreement, use the link below. It takes about 5 min to create and you will end up with an agreement, tailored to your specific property.
Download CUSTOM Assignment Agreement
Alternatively, if you just want to download a generic deed of assignment of tenancy template, use the link below.
Download GENERIC Deed of Assignment of Tenancy Agreement
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The information presented on this site should not be construed as legal or any other professional advice or service. You should consult with a professional adviser familiar with your particular factual situation for advice concerning specific legal or other matters before making any decision.
Over the next few weeks we will be publishing additional documents that cover:
- Deed of Assignment of Tenancy
- Shorthold Tenancy Agreement Form
- Company Let Agreement Document
- Holiday Letting Agreement Form
- Tenant Inventory Form
- Letter to Utility Supplier
GET THE ENTIRE SERIES OF LANDLORD RESOURCES HERE
