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Assignment Agreement1

This agreement assigns the rights and obligations of a purchase and sales agreement for a property from the original buyer (ASSIGNOR) to a new buyer (ASSIGNEE). The ASSIGNEE agrees to pay the ASSIGNOR a non-refundable fee and accepts the terms of the original sales agreement. The ASSIGNEE acknowledges receiving copies of the original agreement. Additional terms specify that the assignment is non-transferable without consent and that the ASSIGNOR makes no warranties regarding inspection reports. Both parties agree to and accept the terms of the assignment.

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Joshua Schofield
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© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
100% found this document useful (3 votes)
606 views

Assignment Agreement1

This agreement assigns the rights and obligations of a purchase and sales agreement for a property from the original buyer (ASSIGNOR) to a new buyer (ASSIGNEE). The ASSIGNEE agrees to pay the ASSIGNOR a non-refundable fee and accepts the terms of the original sales agreement. The ASSIGNEE acknowledges receiving copies of the original agreement. Additional terms specify that the assignment is non-transferable without consent and that the ASSIGNOR makes no warranties regarding inspection reports. Both parties agree to and accept the terms of the assignment.

Uploaded by

Joshua Schofield
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Agreement to Assign Contract for Sale and Purchase

Subject Property: ________________________________________________________________________

Legal Description: ________________________________________________________________________

This agreement is made between ____________________________________ (ASSIGNOR) and


____________________________________ (ASSIGNEE) regarding purchase of the above referenced
SUBJECT PROPERTY.

Whereas ____________________________________ (BUYER) has entered into a Purchase and Sales


Agreement with ____________________________________ (SELLER) for the purchase of SUBJECT
PROPERTY, and whereas BUYER wishes to assign its rights, interests and obligations in the Purchase and
Sales Agreement, it is hereby agreed between ASSIGNOR and ASSIGNEE as follows:

1. ASSIGNEE shall pay ASSIGNOR a NON-REFUNDABLE assignment fee of $________ (payable


$_______ with signing of contract and balance at close).

2. Assignee’s inspection period shall expire upon execution of this Assignment. ASSIGNEE accepts
all terms and conditions of the contract for Sale and Purchase between BUYER and SELLER in its
entirety.

3. ASSIGNEE acknowledges receipt of legible copies of the original Contract for Sale and Purchase
in its entirety including all Addendum(s) associated with this transaction.

4. Additional terms and conditions of this Assignment are as follows:

a) This assignment contract is non-assignable without the express written consent of the
ASSIGNOR. No changes to the Purchase Contract can be made without written Consent of
BUYER.

b) Disclosures and Acknowledgement:

i) ASSIGNOR and affiliated associates make no warranty, expressed or implied,


regarding inspection reports or other reports provided to ASSIGNEE by ASSIGNOR or
third parties concerning this property.

ii) ASSIGNEE acknowledges they are conducting a transaction dealing directly with
ASSIGNOR for the purchase of SUBJECT PROPERTY. ASSIGNEE is not relying upon
or being represented by a REAL ESTATE BROKERAGE in this transaction.

AGREED AND ACCEPTED

______________________________ ___________ ______________________________ ___________


Assignee Date Assignor Date

______________________________ _______________________________
Print Name Print Name

______________________________ ___________ ______________________________ ___________


Assignee Date Assignor Date

______________________________ _______________________________
Print Name Print Name

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