Real Estate Purchase Contract Assignment: Page 1 of 2

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REAL ESTATE PURCHASE CONTRACT ASSIGNMENT

I. THE PARTIES. This Real Estate Purchase Contract Assignment Agreement


(“Agreement”) is made on _________________, 20____, (“Effective Date”) by and
between:

Assignor: _________________, (“Assignor”) with a mailing address of


__________________________________, hereby transfer and assign to:

Assignee: _________________, (“Assignee”) with a mailing address of


__________________________________, that agrees to assume all rights and
interest in a purchase contract between the Assignor and:

Seller: _________________, (“Seller”) with a mailing address of


__________________________________, for a purchase contract dated on
_________________, 20____ (“Assignment”).

The above-referenced Assignor and Assignee may each be referred to as a “Party” and
collectively referred to herein as the “Parties.”

II. THE PROPERTY. The Assignment is regarding real property located at the following
street address: __________________________________.

Additional Description: __________________________________.

III. TRANSFER. The Parties agree that the Assignor is transferring the Assignment to
the Assignee for the following:

☐ - Fixed Payment of $_________________ (“Payment Amount”). The


Assignment is to be transferred in exchange for the Assignee paying the
Assignor the Payment Amount within ____ days of the Effective Date.

☐ - No Payment. The Assignor is transferring the Assignment for no payment or


compensation. The Assignee’s consideration shall be recognized as the
undertaking of any liabilities or obligations in the Assignment.

☐ - Gift. The Assignor is granting the Assignment as a gift to the Assignee.

☐ - Other. _______________________________________________________.

IV. SELLER APPROVAL. For this Agreement to be in effect: (check one)

☐ - It is REQUIRED for the Seller to approve this Agreement within ____ days of
the Effective Date. If the Seller does not approve this Agreement or fails to sign,
this Agreement, then this Agreement shall be considered void.

☐ - It is NOT REQUIRED for the Seller to approve this Agreement. Upon the
execution by both Parties, this Agreement shall be in full force and effect.

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V. ASSUMPTION. The Assignee acknowledges and agrees to assume the transfer and
ownership of all liabilities, obligations, and claims that currently exist or may in the future
regarding the Assignment. As of the Effective Date, the Assignee agrees to comply with
all terms, make all payments, and perform all the conditions, covenants, and any other
duties as part of the Assignment.

VI. PARTIES’ REPRESENTATIONS. The Assignee acknowledges that they have a full
understanding of the Assignment and the terms of this Agreement. The Assignor further
warrants that they own the rights transferred in the Assignment and understand the
terms of this Agreement. Both Parties agree to provide and complete any obligations
under this Agreement or the Assignment.

VII. SEVERABILITY. If any term, covenant, condition, or provision of this Agreement is


held by a court of competent jurisdiction to be invalid, void, or unenforceable, the
remainder of the provisions shall remain in full force and effect and shall in no way be
affected, impaired, or invalidated.

VIII. GOVERNING LAW. This Agreement shall be governed under the laws located in
the State of _________________.

IX. WAIVER. The failure of either Party to enforce any provision of this Agreement shall
not be deemed a waiver or limitation of that Party’s right to subsequently enforce and
compel strict compliance with every provision of this Agreement.

X. ADDITIONAL TERMS. _________________________________________________


______________________________________________________________________
______________________________________________________________________

XI. ENTIRE AGREEMENT. This Agreement constitutes the entire Agreement between
the Parties. No modification or amendment of this Agreement shall be effective unless
in writing and signed by both Parties.

Assignor Signature: ____________________________ Date: _____________

Print Name: ____________________________

Assignee Signature: ____________________________ Date: _____________

Print Name: ____________________________

Seller Signature (if required): ____________________________ Date: _____________

Print Name: ____________________________

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