Document background
The Warranty Deed with Assignment is a sophisticated legal instrument used in Canadian real estate transactions where both property transfer and rights assignment are required. This document type is particularly relevant when the transfer of property needs to be accompanied by the assignment of specific rights, contracts, or obligations associated with the property, such as lease agreements, service contracts, or development rights. The deed provides comprehensive warranties about the property's title and the grantor's right to convey it, while simultaneously facilitating the legal assignment of related interests. Commonly used in complex commercial real estate transactions, this document must comply with provincial land title regulations and federal property law requirements. The Warranty Deed with Assignment offers superior protection compared to other deed types, making it particularly valuable in high-stakes property transfers where certainty of title and clear assignment of rights are crucial.
