Assignment of House Rent Arrears (India)
This template is used for the legal transfer of unpaid rent debts from a landlord to another party. It allows the new owner of the debt to legally pursue the tenant for the outstanding balance, including any applicable interest.
ASSIGNMENT OF HOUSE RENT ARREARS
THIS ASSIGNMENT _________ (as in Form No. 1).
Whereas
AA. is the owner/landlord of house ___________________________________________.(give full description of the house, its boundaries and No. if any, along with its situation in Mohalla __________________________________________), And MN. is the tenant from month to month under a lease or rent note dated _______________ and is in occupation of the said house at a monthly rent of Rs _________ payable on _________ day of every month.
Whereas the said
BB. has not paid the rent of the said house for a period commencing from ______________and ending on _________in spite of repeated demands and a written notice dated _____________The amount of the past rent due comes to Rs ______________
NOW THIS DEED WITNESSES AS FOLLOWS:
In consideration of Rs______________ paid by the said Assignee BB. (the receipt of which is hereby acknowledged) the Assignor AA. hereby assigns to the said Assignee BB. the right to recover Rs______________due as arrears of rent from the said tenant MN. The said Assignee has and shall have all the rights to recover the said arrears of rent with interest and appropriate the same to his use.
IN WITNESS WHEREOF ______________________
Sd.
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About this template
What is this template?
This document is a formal deed that transfers the ownership of a specific financial debt—unpaid house rent—from a creditor to a new party. It is not a rental agreement or a notice to quit, as it focuses exclusively on the transfer of the right to collect money already owed.
When should you use it?
Use this document when a landlord wants to sell or give away their right to collect past-due rent from a tenant to someone else. If the intention is merely to hire a manager to collect rent on the landlord's behalf without transferring ownership of the debt, use a Property Management Agreement instead.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Assignment of Debt | The Assignor transfers the full right to recover specific house rent arrears to the Assignee for a stated consideration amount. |
| 2 | Representations and Warranties | The Assignor confirms they have the absolute right to the debt and that no previous assignment of these specific arrears has occurred. |
| 3 | Power of Attorney | The Assignee is granted the authority to initiate legal proceedings or issue receipts in the Assignor's name to recover the debt. |
| 4 | Indemnity | The Assignor agrees to compensate the Assignee for any losses resulting from defects in the title to the assigned rent debt. |
Who it's for
- a landlord in India transferring unpaid rent debt to a third-party debt recovery agent
- an individual selling their interest in a property including accrued but unpaid rental income
- a legal heir assigning inherited rent arrears to a specialized collection entity
How long it runs and how it's signed
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