Document background
A Deed of Consent to Assignment of Lease is a crucial document in Indian property transactions when an existing tenant wishes to transfer their lease to another party. This document is required under Indian law, specifically the Transfer of Property Act, 1882, whenever a tenant seeks to assign their lease to a third party. The deed serves multiple purposes: it provides the landlord's formal consent to the assignment, protects the landlord's interests by establishing conditions for the assignment, ensures the new tenant's commitment to the original lease terms, and addresses any modifications to the original lease arrangement. It must be properly executed and registered in accordance with Indian registration laws and typically requires stamp duty payment. This document is particularly important in commercial leases where businesses need to transfer their lease rights as part of business restructuring, relocation, or other commercial arrangements.
