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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 pertaining to the property.
A Deed of Assignment is used when the owner wants to transfer to another person the ownership, as well as the rights and obligations, pertaining to 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.
To create your Deed of Assignment you’ll need the following minimum information:
Activities that involve a Deed of Assignment for Immovable Property sometimes use the following documents. You may be interested in them:
