Overview
An Assignment Deed can generally be registered for the assignment of any property. It is commonly used to transfer a liability or debt.
The purchaser steps into the shoes of the transferor and has all the rights the transferor had, including the amount due under a loan agreement and every legal remedy the transferor was entitled to. It can also be registered when a leased property is sold to a third party.
When you need it
- Transfer of a debt or receivable
- Sale of a leased property to a third party
- Transfer of contractual rights
Documents usually required
Open as checklist- The underlying agreement / lease
- ID proof and photographs of both parties
- Consideration details
- Two witnesses with ID proof
This is an indicative list. Exact requirements depend on the property, the authority and your situation, and we confirm the full list after reviewing your papers.
How it works
- 1
Review the underlying document
We confirm that the rights are assignable.
- 2
Draft
The deed is drafted with clear recitals.
- 3
Stamp and register
The deed is stamped and registered where required.