Real Estate Ownership

Assignment of Contract

Brenda Peterson Brenda Peterson
How To Use

This review list is provided to inform you about this document in question and assist you in its preparation.  Assignment of contracts is a profitable form of real estate buying.  This contract is a standard form for that.

  1. Make multiple copies.  Give one to each signatory.  Keep one with the transaction file.

Assignment of Contract

WHEREAS, ________________, is the contract vendee (purchaser) the following described contract for the sale of real estate:

Vendor (Seller): _____________________

Purchase price: $ ______ (______________&_/100 dollars)
Legal description: ________________________________________________________________

In consideration of the sum of $_____(______________&_/100 dollars), ________________ assigns to ______________, all of ________________’s rights and title to said agreement. ________ _____________ shall indemnify ________________ from any and all liabilities related to said contract.

____ further agrees to execute any and all further documents reasonably required by ______________ to perfect ______________’s assignment herein.

Contract attached as Exhibit 1.

Dated: ________________________________________________


Seller


Purchaser