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Things you need to know about Deed of Assignment.


1. What is a Deed of Assignment? 

A Deed of Assignment is a contract where the owner (the “assignor”) transfers ownership over a 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 to the property.


2. When do you need a Deed of Assignment?

A Deed of Assignment is used when the owner wants to transfer to another person the ownership (and the rights and obligations) of the property.  

The deed is normally executed in the course (or as part of the terms) of another contract. However, if this is the case, the assignment is allowed only if the original contract allows the assignment and if the other party to the original contract agrees to the assignment.  


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:

  1. The type of assignor (e.g. individual or business) as well as name and details (e.g. nationality and address);
  2. The type of assignee (e.g. individual or business) as well as name and details (e.g. nationality and address); and
  3. 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.

Related Documents.

Activities that involve a Deed of Assignment sometimes use the following documents. You may be interested in them:

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