${Title}

Join Now
Browse Template

Assignment of Contract for purchase of property

Neutral

This is an assignment of property sale and purchase contract. It should be a part of a wholesale real estate contract, which is usually used for the sale of distressed property. Thus, this contract should be used with the "Property sale and purchase contract". In this contract, the wholesaler acts as a purchaser. This template is drafted in neutral form. 

How to Tailor the Document for Your Need?


01

Create Document

Fill in the details of the parties. You can click the "Fill with Member’s Information" button to complete it with information saved to your account.

02

Fill Information

Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the "Next" button.

03

Get Document

When you are done, click the "Get Document" button and you can download the document in Word or PDF format.

04

Review Document

Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document.

Document Preview


Document Description

This is an assignment of property sale and purchase contract. It should be a part of a wholesale real estate contract, which is usually used for the sale of distressed property. Thus, this contract should be used with the "Property sale and purchase contract". This template is drafted in neutral form. 

The assignor (wholesaler) assigns the property sale and purchase contract to the assignee (end purchaser). The obligations and rights of the Property sale and purchase contract will be transferred to the assignee. The assignee will also indemnify the assignor of any liability arising from their contractual performance. 

How to use this document? 

This agreement should be carefully read by the vendor, assignee and assignor.

All parties should sign and return a copy, and once signed, all parties should get a copy. To avoid any future disputes, all parties may wish to have their signatures witnessed.

If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.

 

Still looking for answers to your questions? Connect with the lawyers on Hire.Legal who are experienced in figuring out your legal requirement! 

 

Related Documents