Assignment of Contract for Purchase of Real Estate
For value received, I, ____________(1)___________, of
___________(2)____________, as assignor, hereby transfer and
assign to ________(3)__________ of _________(4)__________, as
assignee, his heirs, legal representatives, and assigns, all
my rights and interest in that contract between
_________(5)_________ of ___________(6)________________,
seller, and assignor, as purchaser, for the sale of the
following described real estate, subject to the covenants,
conditions, and payments therein contained:
[legal description]
I authorize and empower assignee, on his performance of all
the above-mentioned covenants, conditions, and payments, to
demand and receive of seller the deed covenanted to be given
in the contract hereby assigned in the same manner and with
the same effect as I could have done had this assignment not
been made.
Dated __________(7)________________, 20__(8)_.
___________(9)________________
ACCEPTANCE BY ASSIGNEE
I, ___________(10)______________, accept the above assignment
of that contract dated. I agree to perform all obligations to
be performed by assignor under the contract, according to the
terms and conditions therein stated, and to indemnify assignor
against any liability arising from the performance or
nonperformance of such obligations.
Dated ___________(11)____________, 20__(12)_.
____________(13)______________
CONSENT BY SELLER
I, __________(14)__________, the Seller named in the contract
herein assigned, consent to the assignment.
Dated _________(15)__________, 20_(16)_.
_____________(17)_____________
Notice
The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances by many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.
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