DEED OF ASSIGNMENT
THIS DEED OF ASSIGNMENT is made this ________.
BETWEEN
________, of the following address:
________
hereinafter referred to as (the "Assignor" which expression shall where the context so admits include its successors-in-title and assigns) of the first part;
AND
________, of the following address:
________
hereinafter referred to as (the "Assignee" which expression shall where the context so admits include its successors-in-title and assigns) of the other part.
The Assignor and the Assignee shall be collectively referred to as the "Parties".
WHEREAS
A. The Assignor is the beneficial owner of all that parcel of land described as follows (the "Land"):
________
B. The Assignor obtained the legal title to the Land particularly described in this document by virtue of the following:
________
C. The Assignor has agreed to sell and transfer the entire Land to the Assignee of and grant the Assignee the entire right, title and interest in the unexpired residue of the Assignor's term of the Assignor's right of occupancy.
NOW THIS DEED WITNESSES AS FOLLOWS
In consideration of the sum of ₦________ (________) paid to the Assignor by the Assignee, the receipt of which is hereby acknowledged, the Assignor as beneficial owner, hereby assigns and transfers unto the Assignee all that residue of unexpired years of the Land to hold the same unto the Assignee subject to the provisions of the law.
COVENANTS, WARRANTIES AND REPRESENTATIONS OF THE ASSIGNOR
The Assignor hereby represents, warrants and covenants as follows:
(I) that the Land is free and clear of any mortgage, lien, debts and encumbrance and no part of the Land is subject to any encumbrance;
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(III) that the Assignee shall have full possession of the Land and its appurtenances effective from the date of this Deed;
(IV) to deliver to the Assignee upon execution all original title documents pertaining to the Land which are in the possession of the Assignor and which may come to his possession to Assignee;
(V) that the Assignor has the full right, power and absolute authority to assign and transfer the Land to the Assignee in the manner contained in this Deed;
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IN WITNESS OF WHICH the Parties have set their hands and seal this day and year first written above.
SIGNED, SEALED AND DELIVERED by the within named Assignor:
___________________________
________
IN THE PRESENCE OF:
Name................................................................................................................
Address.............................................................................................................
Occupation........................................................................................................
Signature..........................................................................................................
SIGNED, SEALED AND DELIVERED by the within named Assignee:
___________________________
________
IN THE PRESENCE OF:
Name................................................................................................................
Address.............................................................................................................
Occupation........................................................................................................
Signature..........................................................................................................
I hereby consent to the Transaction contained in this Deed.
Dated ______ day of _____________________, ___________.
____________________________________
Honourable Commissioner and Attorney General of Justice
on behalf of the Executive Governor of Abia state
SCHEDULE
DESCRIPTION OF PROPERTY CONVEYED UNDER THIS DEED
All that parcel of land described as follows:
________