BUYER Assignment Contract
BUYER Assignment Contract
BUYER Assignment Contract
(Assignor) hereby assigns, transfers, sells the Contract/Interest, whether written or verbal in the
property located at ____________________ in the City of ___________________, State of to
_______________________________(Assignee).
In addition to the assignment fee, the assignee shall reimburse assignor the deposit amount of __________ which
has already been paid by assignor. This assignment is made with no warranties, guarantees, or claims to condition
of property, size, title, or present or future value of property and it is the assignees responsibility to perform their
own due diligence before closing. This assignment shall survive the closing.
If there is a price reduction between (Assignor) and the owner of property, the difference
will be added to (Assignor) assignment fee of ______________________ while keeping the
total purchase price the same at ______________________.
● Closing: This transaction shall be closed, the balance of the monies due shall be paid, and all documents signed
by the parties hereto on or before ________________ after escrow has been opened. The earnest money deposit is
to be held by the escrow company pending closing. It is expressly agreed that upon the event of any default or
failure on the part of the Buyer to comply with the terms and conditions of this contract that said deposit is to be
paid to Seller as liquidated damages. If escrow is delayed, assignee agrees to extend the contract for up to
10 business days. Assignee understands that earnest money deposit is non-refundable under any
circumstances unless assignor is not able to deliver transferable title past extension period.
● The undersigned agrees that they have the full authority to execute this document personally and for any
organization they represent or will represent. By signing, you agree that you have read, understand and have the
full power and authority to enter into this legal agreement. If you do not understand this document, please seek
legal council prior to signing. The undersigned acknowledges receipt of a copy of this document.
_
Assignor Date
Assignee Date
Assignee Date