Agreement to Assign
Contract for Sale and Purchase
This agreement is made between ____________________________________ (ASSIGNOR) and
________________________________ (ASSIGNEE) regarding purchase of the referenced SUBJECT PROPERTY below.
Subject Property: ____________________________________________________________
Legal Description: ____________________________________________________________
Whereas ____________________________________ (BUYER) has entered into a Purchase and Sales Agreement with
____________________________________ (SELLER) for the purchase of SUBJECT PROPERTY, and whereas BUYER
wishes to assign its rights, interests and obligations in the Purchase and Sales Agreement, it is hereby agreed between
ASSIGNOR and ASSIGNEE as follows:
Buyer/Assignor hereby assigns all rights excluding all earnest money deposits to said contract for sale and
purchase to_____________________________ (Assignee) in exchange for compensation in the amount of
________________________ dollars ($ ).
1. Buyer/Assignor will collected a Non-refundable deposit directed towards the assignment fee of (20% or agreed
$_____________) with the balance of $______________ due at closing.
2. ASSIGNEE accepts all terms and conditions of the contract for Sale and Purchase between BUYER and SELLER in
its entirety.
3. ASSIGNEE acknowledges receipt of legible copies of the original Contract for Sale and Purchase in its entirety
including all Addendum(s) associated with this transaction.
4. Additional terms and conditions of this Assignment are as follows:
A) This assignment contract is non-assignable without the express written consent of the ASSIGNOR. No changes to
the Purchase Contract can be made without written Consent of BUYER.
B) Disclosures and Acknowledgement: Seller sells property as-is with no warranty of property conditions.
Assignor makes no representation to buyer, or his agents, as to the condition of the subject property.
ASSIGNEE acknowledges and agrees that he or she is purchasing the property on an “as-is” basis and based
on his or her own inspection, investigation, and evaluation thereof. ASSIGNEE is not relying upon any
representations of ASSIGNOR, SELLER or SELLER’S agent(s) to investigate and report on the condition of
the property.
C) ASSIGNOR, SELLER do not warrant that the property meets any current City, County, State or Federal building
codes, as well as the presence of any and all outstanding or pending violations against the property. ASSIGNEE
assumes all responsibility to perform any inspection, investigation, and evaluation thereof, prior to the signing of this
Agreement.
AGREED AND ACCEPTED
______________________________ __________ ______________________________ __________
Assignee Date Assignor Date
______________________________ ______________________________
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