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Deed Of Assignment Of Rental Income
"I need a Deed of Assignment of Rental Income to assign the rental income from my commercial property at 123 Orchard Road to DBS Bank as security for a business loan, with the assignment to take effect from March 1, 2025."
1. Parties: Details of the assignor and assignee
2. Background: Context of the assignment, including details of the property and existing rental arrangement
3. Definitions: Key terms used tHRoughout the deed
4. Assignment: Core clause assigning the rental income
5. Consideration: Details of payment or other consideration for the assignment
6. Representations and Warranties: Assignor's confirmations regarding ownership and right to assign
7. Execution: Formal execution blocks with witness requirements
1. Security Provisions: Additional provisions when the assignment is being made as part of a security arrangement
2. Power of Attorney: Optional clause granting the assignee power to deal directly with rental matters
3. Tax Provisions: Specific arrangements regarding tax liability and responsibilities between parties
1. Schedule 1 - Property Details: Full legal description of the property including title details
2. Schedule 2 - Tenancy Agreement: Copy or key details of the relevant tenancy agreement
3. Schedule 3 - Notice of Assignment: Form of notice to be given to tenant regarding the assignment
4. Schedule 4 - Payment Details: Bank account and payment arrangement details for rental payments
Authors
Assignee
Property
Rental Income
Tenancy Agreement
Assignment Date
Commencement Date
Completion
Effective Date
Encumbrance
Event of Default
Lease
Notice of Assignment
Payment Account
Payment Date
Permitted Security Interest
Property Title
Rent
Security
Tenant
Term
Transaction Documents
Working Day
Outstanding Amount
Related Rights
Secured Obligations
Security Period
Tenancy Rights
Relevant Jurisdiction
Authorisation
Consideration
Representations and Warranties
Covenants
Notice Requirements
Payment Arrangements
Security
Default and Remedies
Further Assurance
Powers of Attorney
Tax Provisions
Costs and Expenses
Severability
Governing Law
Jurisdiction
Entire Agreement
Amendments
Notices
Assignment and Transfer
Counterparts
Indemnification
Termination
Registration
Stamp Duty
Successors and Assigns
Time of Essence
Waiver
Force Majeure
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