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.
Alternatively, if you just want to download a generic deed of assignment of tenancy template, use the link below.
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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