Glen Ross

Assignment Agreement

Standard template for assigning real estate purchase contracts

Agreement Overview

Key Terms

  • Assignment fee and payment terms
  • Original contract details
  • Rights and obligations being assigned
  • Assignor and assignee responsibilities
  • Seller acknowledgment requirements
  • Closing coordination

Important Sections

1. Original Contract

Reference to the original purchase agreement being assigned, including all relevant details.

2. Assignment Terms

Specific rights and obligations being transferred from assignor to assignee.

3. Consideration

Assignment fee and payment structure between the parties.

4. Representations

Warranties and representations from both assignor and assignee.

Usage Instructions

  1. Verify assignability of original contract
  2. Complete all required information
  3. Obtain seller consent if required
  4. Review with legal counsel

Disclaimer: This template is provided for informational purposes only and should not be considered legal advice. Please consult with qualified legal counsel before using this agreement.