Deed of assignment

Use this document where tenants on an assured shorthold tenancy are changing and the landlord wants the tenancy to continue on its existing terms rather than grant a new tenancy.

Of particular importance are the clauses relating to the deposit because outgoing tenants are likely to want a return of the proportion of the deposit they paid. The landlord will therefore want incoming tenants to make up the balance and will also want to ensure that any losses recoverable from the deposit can be taken whether before or after the change of tenants.

The Prescribed Information form relating to tenancy deposits should be re-served on the tenants and any Relevant Person (anyone who has paid the deposit of tenants) within 30 days of the assignment.