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Agreement whereby a buyer, who has made an offer to purchase certain real property, assigns his/her right to purchase to another party.
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Type:
Word Document
Size:
33 kb
Pages:
3
Views:
360
Posted:
07/02/09
Categories
DocStore > Agreements > Purchase and Sale Agreements
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right of assignment contract, form assignment of contract, memorandum of sale contract assignme..., assignment of contract, purchase agreements real estate, real estate purchase agreement, real estate purchase agreement form, commercial real estate purchase agreemen...

Assignment of Real Estate Purchase Agreement

[INSTRUCTIONS] ASSIGNMENT OF REAL ESTATE PURCHASE AGREEMENT What is an Assignment of a Real Estate Purchase Agreement? Assigning a real estate purchase agreement is giving up your right to purchase a piece of real property by selling that right to another to a third party. What you need to be aware of in order to assign a Real Estate Purchase Agreement? The underlying real estate purchase agreement needs to be signed in a specific way in order to assign it to a third party. The phrase, “and/or assignees” must be added to all the spaces where the buyer signs his/her name on the underlying contract. Also it is important to include a small section in the contract stating that an assignment of the contract to a third party shall be permitted. What key terms should be included in the Assignment of a Real Estate Purchase Agreement? The most important term is the fee that the assignor receives from the assi