Deed of Assignment of Rent

Deed of Assignment of Rent

THIS DEED OF ASSIGNMENT of rent made this ………………..… day of …..…… 2000 BETWEEN AB son of ………………………… residing at …………… (hereinafter referred to as the vendor which term shall unless the context requires otherwise include his heirs, legal representatives and assigns) of the one part and CD son of ………………………….… residing at ………… (hereinafter called the purchaser which term shall include his heirs, successors and assigns) of the other part.

WHEREAS by a Deed of Sale dated the ………….. day of ………..…… AB has sold and conveyed to CD absolutely the land (describe the property), subject to the existing tenancy or tenancies of person or persons named in the schedule hereunder and whereas it has been agreed by and between AB and CD that the said AB shall also transfer and assign unto and to the use of the said CD all rents payable by all such tenants accrued up to and inclusive of the date of sale at and for the sum of Rs. ……………..… now THIS DEED WITNESSES that in pursuance of the said agreement and in consideration of the sum of  Rs. …….……… paid by CD………… the receipt whereof the said AB………………. hereby admits, acknowledges and confirms, the said AB does hereby grant, transfer and assign unto and in favour of the said CD all those rents and sums of money particulars whereof are specified in the Schedule hereunder and all benefits and advantages thereof and empower and authorise, CD to have, receive, collect and realise the same either amicably or through court and appropriate the same for his absolute use and benefit. And this Indenture further witnesses that the said AB does hereby covenant with the said CD that all and every item of such rents and sums of money are still lawfully due and payable by the said respective tenants and that the said AB never received any advance against such rent or rents nor any part payment or any other deposit or deposits adjustable with the said rents nor released or committed to release or remit the same or any portion thereof nor written off any amount with intent to exonerate any tenant or tenants from his or their liability on that account. And further there is no injunction or prohibitory order against him from realising the same or any portion thereof  nor from assigning all such amounts in the manner hereunder effected.

The Schedule above referred to

Serial     Name of No.       tenants Monthly
rent		 Due for Amount due Remarks

IN WITNESS WHEREOF the parties herein have executed these presents on the day, month and year first above-written.

Signed, sealed and delivered by  AB

the vendor in the presence of:

Signed, sealed and delivered by  CD

the purchaser in the presence of:

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