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Assignment

This document assigns all rights, title, and interest in a real estate contract from an Assignor to an Assignee. The Assignor warrants that the original contract is valid and assignable. In exchange for payment of an assignment fee, the Assignee assumes the obligations of the original contract and agrees to indemnify the Assignor for any non-performance. The assignment will be effective on the date of closing, provided all terms are met.

Uploaded by

Duane McCalla
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
73 views

Assignment

This document assigns all rights, title, and interest in a real estate contract from an Assignor to an Assignee. The Assignor warrants that the original contract is valid and assignable. In exchange for payment of an assignment fee, the Assignee assumes the obligations of the original contract and agrees to indemnify the Assignor for any non-performance. The assignment will be effective on the date of closing, provided all terms are met.

Uploaded by

Duane McCalla
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Assignment of Contract Agreement

In consideration of the sum of ____________ (Assignment Fee), _______________________________


(Assignor) hereby assigns and otherwise transfers to _____________________________ (Assignee) all rights,
title, and interest held by Assignor in and to the contract described as follows:

Contract dated _______________, 20____, between ________________________ and


_________________________________ and concerning the property located
at_____________________________________.

Assignor warrants and represents that said contract is in full force and effect and is fully assignable. Assignor
further warrants that it has the full right and authority to transfer said contract and that contract rights herein
transferred are free of lien, encumbrance or adverse claim. Said contract has not been modified and remains
on the terms contained therein.

Assignee hereby assumes and agrees to perform all remaining obligations of Assignor under the contract and
agrees to indemnify and hold Assignor harmless from any claim or demand resulting from non-performance
by Assignee. Assignee shall be entitled to all monies remaining to be paid under the contract, which rights are
also assigned hereunder.

The assignment fee shall be paid at the time of closing to assignor in the form of cash, official check or wire
transfer, and recorded on the hud-1 settlement statement.

Closing shall take place no later than _______________ .

Assignee has given a non-refundable deposit of $_____________ to be held in escrow at


______________________________________.

It is hereby acknowledged by Assignee that this Assignment of Contract Agreement and the original contract
for Sale and Purchase is not assignable by Assignee without the express written authorization of Assignor,
authorization of which may be withheld for any reason by assignor.

This Assignment shall become effective as of the date last executed and shall be binding upon and inure to the
benefit of the parties, their successors and assigns.

_______________________________ ___________________

Assignor Date

_______________________________ ___________________

Assignee Date

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