This deed of covenant is for use where an "old" lease under the Landlord and Tenant (Covenants) Act 1995 is assigned and the landlord and the management company require a direct covenant from the assignee. It is assumed that the assignment does not require the landlord's consent so there is, therefore, no licence to assign containing a direct covenant.

For a deed of covenant by an assignee where no management company is involved, see Standard document, Deed of covenant by assignee of residential lease (old tenancy).