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Agreement To Assign Contract For Sale and Purchase

This agreement assigns the rights and obligations of a purchase and sale agreement for a property from an Assignor to an Assignee. The Assignee agrees to pay the Assignor an assignment fee and make deposits with the seller's attorney and Assignor. The Assignee accepts all terms of the original purchase agreement and acknowledges receiving copies. Additional terms specify that the assignment is non-transferable without consent and no changes can be made to the purchase agreement without written approval. Both parties have signed agreeing to the terms.

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610 views1 page

Agreement To Assign Contract For Sale and Purchase

This agreement assigns the rights and obligations of a purchase and sale agreement for a property from an Assignor to an Assignee. The Assignee agrees to pay the Assignor an assignment fee and make deposits with the seller's attorney and Assignor. The Assignee accepts all terms of the original purchase agreement and acknowledges receiving copies. Additional terms specify that the assignment is non-transferable without consent and no changes can be made to the purchase agreement without written approval. Both parties have signed agreeing to the terms.

Uploaded by

J InTheBox
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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: ___________________________________________________________ _________________

This agreement is made between _________________________ (ASSIGNOR) and


________________________________(ASSIGNEE) regarding purchase of above referenced SUBJECT PROPERTY.

Whereas _________________________ has entered into a Purchase and Sales Agreement with __Owner of Record (SELLER) for
the purchase of ___________________________________, 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 an assignment fee of $__________________________

2. ASSIGNEE is to put earnest money down with Sellers attorney: _______________________________ in the amount of
$____________________

3. ASSIGNEE is to make a down payment in the amount of $____________________with ASSIGNOR made payable to
____________________________________. This deposit shall be credited toward the total assignment fee and is NON-
REFUNDABLE with the only exception of good and marketable title not being available to ASSIGNEE.

4. ________________________________ Title Company will handle closing.


5. Closing is to take place on or before _______/_________/__________
6. ASSIGNEE accepts all terms and conditions of the contract for Sale and Purchase between BUYER and SELLER in its
entirety.
7. ASSIGNEE acknowledges receipt of legible copies of the original Contract for Sale and Purchase in its entirety including all
Addendums associated with this transaction.
8. Additional terms and conditions of this Assignment are as follows:
● 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 ________________________
9. Disclosures and Acknowledgement:
a. 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. ASSIGNEE is advised to
independently verify the accuracy of all information contained in reports regarding this property.
b. 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.
10. ASSIGNEE waives the financing contingency clause; purchase of property is a cash deal.
● BUYER agrees to pay for the following closing costs: ___________________________________________

AGREED AND ACCEPTED

ASSIGNOR

Name (print): __________________________________________ Dated: _______________

Name (signature): ______________________________________

ASSIGNEE

Name (print): ___________________________________________ Dated: _______________

Name (signature): ________________________________________

Address: ________________________________________________

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