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Real Estate Assignment Contract Form

Real Estate Assignment Contract Form Template for England and Wales

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Key Requirements PROMPT example:

Real Estate Assignment Contract Form

"I need a Real Estate Assignment Contract Form to transfer ownership of a commercial warehouse property in Manchester from my company to a buyer, with completion scheduled for March 2025 and including specific environmental warranties due to the property's industrial history."

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Document background
The Real Estate Assignment Contract Form is a crucial legal instrument used in England and Wales when transferring property rights and interests from one party to another. It's particularly relevant when existing property rights need to be reassigned, such as in lease transfers, property portfolio restructuring, or corporate reorganizations. The document ensures compliance with the Law of Property Act 1925, Land Registration Act 2002, and other relevant property legislation, while providing a clear framework for the assignment process, including necessary consents, warranties, and registration requirements.
Suggested Sections

1. Parties: Details of the assignor and assignee, including full legal names, registered addresses, and company numbers if applicable

2. Background: Context of the assignment and details of the property interest being assigned, including relevant history of the property

3. Definitions: Key terms used throughout the document, including defined terms for Property, Assignment Date, Completion Date, etc.

4. Property Description: Detailed description of the property being assigned, including address, title number, and any relevant registered interests

5. Assignment Provisions: Core terms of the assignment, including the agreement to assign and any conditions precedent

6. Consideration: Details of payment or other consideration for the assignment, including payment terms and method

7. Completion Requirements: Steps required to complete the assignment, including timing, documentation, and registration requirements

8. Warranties: Standard warranties given by assignor regarding title, capacity to assign, and property condition

Optional Sections

1. Landlord Consent: Provisions regarding obtaining and documenting landlord's consent for leasehold assignments

2. Tax Covenants: Specific provisions regarding allocation of tax liabilities and responsibilities

3. Environmental Provisions: Provisions dealing with environmental liabilities and responsibilities

Suggested Schedules

1. Property Schedule: Detailed property description including plans, boundaries, and any rights or easements

2. Title Documents: Copies of relevant title documents including official copies of the register

3. Existing Agreements: Copies of relevant existing agreements being assigned, including leases or contracts

4. Land Registry Forms: Required Land Registry forms for registration of the assignment

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Law of Property Act 1925: Primary legislation governing transfer of legal estates in land, requirements for legal assignments, and formalities for property transfers

Land Registration Act 2002: Covers requirements for registration of property interests, rules regarding notice and priority, and electronic conveyancing provisions

Law of Property (Miscellaneous Provisions) Act 1989: Specifies requirements for contracts to be in writing and formal requirements for validity, particularly under Section 2

Landlord and Tenant Act 1927: Governs assignment of leases and landlord's consent requirements for leasehold property assignments

Common Law Principles: Legal principles regarding privity of contract, assignment of rights and obligations, and notice requirements

Land Registration Rules 2003: Sets out procedural requirements and registration formalities for land transactions

Stamp Duty Land Tax Legislation: Covers tax implications of assignment and associated reporting requirements

Consumer Rights Act 2015: Consumer protection legislation applicable when one party is acting as a consumer

Unfair Contract Terms Act 1977: Regulates unfair terms in contracts and provides consumer protection measures

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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