Document background
The Deed of Assignment of Rental Proceeds is a crucial document in Singapore's property and finance sector, used when a property owner wishes to or is required to transfer their right to receive rental income to another party. This commonly occurs in financing arrangements where rental income serves as security for loans or in investment structures. The deed must comply with Singapore's legal requirements and typically includes details of the property, the underlying tenancy agreement, and the mechanism for rental payment collection. It provides security to the assignee while maintaining the underlying landlord-tenant relationship.
