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    Updated Assignment Template

    Uploaded by

    donluciano973
    Real Estate contract Assignment

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Updated Assignment Template

    Uploaded by

    donluciano973
    3 views1 page
    Real Estate contract Assignment

    Original Title

    Copy_of_Updated_Assignment_Template

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    © © All Rights Reserved

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    Real Estate contract Assignment

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    3 views1 page

    Updated Assignment Template

    Uploaded by

    donluciano973
    Real Estate contract Assignment

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Assignment of Residential Purchase Contract

    For the Assignment Fee set forth below, and other good and valuable consideration, and the mutual benefits to be
    delivered by all parties to this agreement, the undersigned KeyGlee Investments, LLC (Assignor) does hereby assign
    unto _________________________ (Assignee) all rights, interest, suits, claims, and title to a contract of sale
    concerning such properties known as ______________________________________ ​(the “Subject Property”).
    _________________________________________

    Provided, however, no warranties of any kind whatsoever are made incident to this Assignment and the Assignee
    accepts all rights, obligations, and responsibilities of the Purchase Contract concerning the Subject Property and agrees
    to close on or before the date set forth therein. If escrow fails to close by _____________________, all rights to the
    Purchase Contract immediately transfer back to Assignor. In the event that close of escrow needs to be extended to clear
    title, assignee agrees to extend until notified by the escrow officer that title is clear. Assignor may elect to allow an
    extension of Close of Escrow at a per diem of $100 paid by the Assignee.

    Assignee herein agrees to deposit Assignment Earnest Money of _________________ time on the day of Assignee’s
    execution of this Assignment in the form of cashier’s check or wired funds into escrow. If escrow is closed, cashier’s
    check is to be dropped off at KeyGlee’s office located at 2121 S Mill Ave, Suite 205, Tempe, AZ 85282.

    Disbursement of Fees, Purchase Contract Earnest Money and Assignment Earnest Money shall be as follows: The
    Assignment Fee will be calculated as the difference between the Sales Price of the Contract, which is the subject of the
    Assignment, and the amount of ________________. The Assignment Fee will be disbursed to Assignor at the close of
    escrow and paid through escrow. Assignee is to pay all closing costs.

    The Assignment Earnest Money is to be credited towards the Assignee’s purchase costs at the close of escrow. Assignee
    will forfeit all Assignment Earnest Money to Assignor if escrow does not close due to Assignee’s cancellation or failure
    to perform under the Purchase Contract or this Assignment for any reason other than seller’s inability to provide clear
    title by the closing date or breach of the Purchase Contract by seller.

    In the event of a dispute between Assignor and Assignee regarding the Assignment Earnest Money deposited with the
    __________________, Assignor and Assignee authorize _____________________ to release the Assignment Earnest
    Money pursuant to the terms and conditions of this Assignment in its sole and absolute discretion. Assignor and
    Assignee agree to hold harmless and indemnify ___________________ against any claim, action, or lawsuit of any
    kind, and from any loss, judgment, or expense, including costs and attorney fees, arising from or relating in any way to
    the release of the Assignment Earnest Money as provided herein. The Earnest Money that was deposited by Assignor
    for the Purchase Contract shall be refunded back to Assignor upon the close of escrow between seller and Assignee.
    Assignee permits ___________________ to provide Assignor with a copy of the settlement statement after Close of
    Escrow.

    Executed this 9th day of August, 2019.

    ________________________________ ________________________________
    Assignee Signature Assignee Printed Name

    ________________________________ ________________________________
    Assignor Signature Assignor Printed Name

    One or more members of KeyGlee, LLC are licensed real estate agents in the state of Arizona with My Home Group.

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