When buying or selling real estate in Los Angeles, the paperwork can feel overwhelming. Two key documents you’ll often encounter in escrow are the Assignment and Assumption of Sublease and the Grant Deed. At LCD Capital Escrow, a trusted escrow company in Los Angeles, we make sure these forms are properly handled to protect all parties and ensure a smooth closing.
What Is an Assignment and Assumption of Sublease?
An Assignment and Assumption of Sublease is a legal document that transfers the rights and responsibilities of a lease from one tenant to another.
Assignment means the original tenant transfers their lease interest to a new party.
Assumption means the new tenant agrees to take on all obligations, including rent payments and lease terms.
When Do You Need It?
During property sales with tenants: When a Los Angeles property is sold with tenants in place, this document ensures the lease obligations pass to the new owner.
For commercial properties: Common in Los Angeles office and retail spaces where subleases are frequent.
Even without tenants: Some lenders or escrow officers may still require it to confirm no lease rights are overlooked.
Why It’s Important
Protects the buyer by transferring all lease obligations.
Releases the seller from future landlord duties.
Ensures tenants know who their new landlord is.
What Is a Grant Deed?
A Grant Deed is the most common document used in California to transfer ownership of real property. It guarantees that:
The seller owns the property and has the right to sell it.
The property hasn’t already been sold to someone else.
There are no undisclosed liens, except those recorded.
When Do You Need It?
Every Los Angeles property sale: The Grant Deed is essential for legal ownership transfer.
Refinancing or ownership updates: Used to add or remove a spouse or update title.
Why It’s Important
Ensures the buyer receives clear ownership.
Creates a public record of the property transfer.
Required for county recording in California.
Why These Documents Matter in Escrow
At LCD Capital Escrow, we specialize in guiding clients through the Los Angeles escrow process. Documents like the Assignment and Assumption of Sublease and the Grant Deed are not just formalities — they’re critical for protecting buyers, sellers, and tenants.
They provide legal continuity by ensuring lease and ownership rights are honored.
They provide clarity and protection against future disputes.
They are required for compliance and recording, making the transfer official.
✅ Key Takeaway: In Los Angeles real estate, the Assignment and Assumption of Sublease ensures proper transfer of lease obligations, while the Grant Deed ensures legal transfer of ownership. With the expertise of LCD Capital Escrow, a top escrow company in Los Angeles, you can close your transaction with confidence.