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.
Users of this document are responsible for forming their own view as to whether this document and its contents are suitable for use in any particular circumstances. The supply of this document does not constitute legal or other professional advice, nor does it constitute any opinion or recommendation as to how any person should conduct its business or whether any person should or should not enter into any form of contract. Users should, if appropriate, consult their professional advisers as to any such matter. No warranty, express or implied, is given in respect of this document and neither RICS nor the authors shall be liable for any loss or damage of any kind arising directly or indirectly from the use or misuse of this document or from any reliance on it by any person, except to the extent that exclusion of such liability is prohibited by law.