Deed of Novation

Copyright © 2025 LexisNexis
Published by a LexisNexis Property expert
Precedents

Deed of Novation

Copyright © 2025 LexisNexis

Published by a LexisNexis Property expert

Precedents
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DATE [date]

Parties

  1. 1

    [name of Party A] [of OR incorporated in England and Wales (Company registration number [number]) whose Registered office is at] [address] ([description for Party A])

  1. 2

    [name of Party B] [of OR incorporated in England and Wales (company registration number [number]) whose registered office is at] [address] ([description for Party B])

  1. 3

    [name of Party C] [of OR incorporated in England and Wales (company registration number [number]) whose registered office is at] [address]([description for Party C])

Background

    1. (A)

      On [date] [description of Party A] and [description of Party B] entered into a contract (Contract) for [describe the general nature of the contract] [relating to [description of Property] (Property)].

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Jurisdiction(s):
United Kingdom
Key definition:
Deed definition
What does Deed mean?

Deeds are written agreements but differ from contracts in that the limitation period is 12 years and consideration is not required. There are very few categories of transactions that require execution by deed but they are transfers of land, leases, mortgages and charges, sales by mortgagees, appointments of trustees, powers of attorney and gifts.

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