Lease Assignment Deed 23.2.2024
Lease Assignment Deed 23.2.2024
Lease Assignment Deed 23.2.2024
…………………………………….
IN FAVOUR OF
………………………………………………
A. The Assignor is the owner and registered proprietor of the property comprised in
LEASEHOLD REGISTER VOLUME.............FOLIO..................PLOT…… (hereinafter
called the “the Property”)( Insert developments on the land if any)
2. The Assignor warrants that it has full rights and authority to assign the revenue to the
Assignee and execute this deed of assignment.
3. The Assignor undertakes to notify all tenants of the said Property (where applicable)
of the Assignment and furnish proof of such notification to the Assignee.
4. The Assignor shall not, during the continuance of this Deed, assign its rights to the
revenues arising from the aforesaid property to any other party, except with the
knowledge and prior written consent of the Assignee.
5. The Assignor fully understands and recognizes that the Assignment set forth herein
is a material inducement to the Assignee to provide the financing described herein and
in the loan documents between the Assignor and the Assignee.
This Assignment shall be determined upon the Assignor/Borrower repaying all outstanding
obligations with the Assignee.
IN WITNESS WHEREOF the parties have executed this Deed on the date first above written.
SIGNED BY
………….………………….
[ASSIGNOR]
In the presence of
Name .................................................................
Signature ..................................................................
Position ..................................................................
SIGNED BY
……………………………………….
[ASSIGNEE]
Name .................................................................
Signature ..................................................................
Position ..................................................................
Name .................................................................
Signature ..................................................................
Position ...................................................................
Declaration