Purchase Contract Assignment Form

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Purchase Contract Assignment Form

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Updated June 22, 2023

A purchase contract assignment is between a holder (assignor) that transfers their interest in buying real estate to someone else (assignee). Before the closing, it is common to assign a purchase contract to a business entity or the person whom the loan or mortgage will be under. It’s also accepted for a contract holder to sell their rights to buy a property for a fixed amount.

Seller’s Consent

Depending on the purchase contract signed between the seller and assignor, the seller may be required to give their consent before the agreement is legally valid.

Table of Contents

  • Simple Version
  • Advanced Version
  • Step 1 – Come to a Verbal Agreement

Step 2 – Share the Purchase Contract

Step 3 – create an assignment, step 4 – attach and close.

  • Sample : Purchase Contract

How to Write

real estate assignment contract pdf

Download: PDF , MS Word , OpenDocument

real estate assignment contract pdf

How to Assign a Purchase Contract (4 Steps)

This guide is for assignments when selling a purchase contract to a 3rd party .

Step 1 – Come to a Non-Binding Agreement

real estate assignment contract pdf

The buyer (assignor) in the original purchase contract and the new buyer (assignee) will need to come to an agreement. In most cases, the assignee will offer a fixed amount to buy the contract.

real estate assignment contract pdf

The assignor may need to require the assignee to sign a non-disclosure agreement (NDA) as the details included in the purchase contract are confidential.

After signing the NDA, the assignor should share the purchase contract with the assignee.

real estate assignment contract pdf

After the purchase contract is shared an assignment should be written and signed. If there is a payment as part of the assignment, it should be paid at the time of signing.

If the seller’s consent is required, the assignment will need their signature to be valid.

real estate assignment contract pdf

After the assignment is signed, it should be attached to the original purchase contract. The assignee will be recognized as the buyer and will be required to close on the property in accordance with the terms of the purchase contract.

Sample  Purchase Contract

Real estate purchase contract assignment.

I. THE PARTIES. This Real Estate Purchase Contract Assignment Agreement (“Agreement”) is made on [ EFFECTIVE DATE ] (“Effective Date”) by and between:

Assignor : [ ASSIGNOR’S NAME ], (“Assignor”) with a mailing address of [ ADDRESS ], hereby transfer and assign to:

Assignee : [ ASSIGNEE’S NAME ], (“Assignee”) with a mailing address of [ ADDRESS ], that agrees to assume all rights and interest in a purchase contract between the Assignor and:

Seller : [ SELLER’S NAME ], (“Seller”) with a mailing address of [ ADDRESS ], for a purchase contract dated on [ DATE ] (“Assignment”).

The above-referenced Assignor and Assignee may each be referred to as a “Party” and collectively referred to herein as the “Parties.”

II. THE PROPERTY. The Assignment is regarding real property located at the following street address: [ ADDRESS ].

Additional Description: [ ADDITIONAL DESCRIPTION ].

III. TRANSFER. The Parties agree that the Assignor is transferring the Assignment to the Assignee for the following:

☐ – Fixed Payment of $[ AMOUNT ] (“Payment Amount”). The Assignment is to be transferred in exchange for the Assignee paying the Assignor the Payment Amount within [ # ] days of the Effective Date.

☐ – No Payment. The Assignor is transferring the Assignment for no payment or compensation. The Assignee’s consideration shall be recognized as the undertaking of any liabilities or obligations in the Assignment.

☐ – Gift. The Assignor is granting the Assignment as a gift to the Assignee.

☐ – Other. [ DESCRIBE OTHER ]

IV. SELLER APPROVAL. For this Agreement to be in effect: (check one)

☐ – It is REQUIRED for the Seller to approve this Agreement within [ # ] days of the Effective Date. If the Seller does not approve this Agreement or fails to sign, this Agreement, then this Agreement shall be considered void.

☐ – It is NOT REQUIRED for the Seller to approve this Agreement. Upon the execution by both Parties, this Agreement shall be in full force and effect.

V. ASSUMPTION. The Assignee acknowledges and agrees to assume the transfer and ownership of all liabilities, obligations, and claims that currently exist or may in the future regarding the Assignment. As of the Effective Date, the Assignee agrees to comply with all terms, make all payments, and perform all the conditions, covenants, and any other duties as part of the Assignment.

VI. PARTIES’ REPRESENTATIONS. The Assignee acknowledges that they have a full understanding of the Assignment and the terms of this Agreement. The Assignor further warrants that they own the rights transferred in the Assignment and understand the terms of this Agreement. Both Parties agree to provide and complete any obligations under this Agreement or the Assignment.

VII. SEVERABILITY. If any term, covenant, condition, or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remainder of the provisions shall remain in full force and effect and shall in no way be affected, impaired, or invalidated.

VIII. GOVERNING LAW. This Agreement shall be governed under the laws located in the State of [ STATE ].

IX. WAIVER. The failure of either Party to enforce any provision of this Agreement shall not be deemed a waiver or limitation of that Party’s right to subsequently enforce and compel strict compliance with every provision of this Agreement.

X. ADDITIONAL TERMS.  [ ADDITIONAL TERMS ]

XI. ENTIRE AGREEMENT. This Agreement constitutes the entire Agreement between the Parties. No modification or amendment of this Agreement shall be effective unless in writing and signed by both Parties.

Assignor Signature: ____________________________ Date: _____________

Print Name: ____________________________

Assignee Signature: ____________________________ Date: _____________

Seller Signature (if required): _______________________ Date: _____________

Section 1 The Parties

(1) Effective Date For Purchase Contract.  The calendar date considered the first day of this document’s effect on the Parties involved must be established in the first section.

real estate assignment contract pdf

(2) Assignor Of Real Estate Interest.  The Party who shall release his or her interest on the concerned real estate upon the satisfaction of this agreement’s conditions must be identified with a record of his or her full name and mailing address. If Assignor is a Business Entity then make sure the name recorded is its entire legal name.

real estate assignment contract pdf

(3) Assignee Of Real Estate . The Party that will be able to express a rightful interest or claim on the real estate or real property through this document will need to be named. This will require a record of his or her name and address. Bear in mind, a Business Entity acting as the Assignee must have its legal identity including status suffix (if any) produced.

real estate assignment contract pdf

(4) Seller Of Real Estate.  The Property Owner or the Party selling the concerned real estate requires his or her name presented.

(5) Date Of Purchase Contract. Furnish the time and date of the original purchase contract this agreement concerns.

real estate assignment contract pdf

Section 2 The Property

(6) Property Location. The concerned real estate must have its physical address (where it may be visited in person) documented.

(7) Property Description. In addition to the location of the concerned real estate, it is recommended that an adequate description be provided. For instance, define any type of structure on the property (i.e. residential building, office building with parking lot, etc.). Ideally, the property’s legal description can be reported here or attached to this agreement.

real estate assignment contract pdf

Section 3 Transfer

(8) Fixed Payment. The manner by which the Assignor releases his or her interest over the concerned real estate to the Assignee will need to be discussed in this paperwork. If this transfer of interest results from a payment from the Assignee to the Assignor then mark the “Fixed Payment” checkbox (found in the third section). This statement will require the exact “Payment Amount” and the maximum number of days after the Effective Date when this payment must be received from the Assignee in order for it to be on time and in compliance with this agreement.

real estate assignment contract pdf

(9) No Payment. Select the second checkbox if “No Payment” will be required of the Assignee to assume the real estate interest being discussed from the Assignor.

real estate assignment contract pdf

(10) Gift. If this transfer of interest is considered a gift from the Assignor to the Assignee then select the “Gift” checkbox.

real estate assignment contract pdf

(11) Other.  There may be other circumstances or conditions the Assignee and Assignor have agreed to fulfill for this assignment to occur. For instance, the release of interest may be dependent on the termination of the Assignee from a shared Business Entity with the Assignor. In any case, if none of the statements made in the third section accurately define the basis for this assignment, select the “Other” checkbox and provide this definition to the space available.  

real estate assignment contract pdf

(12) Required Seller Approval. This agreement has thus far dealt with the Assignor and the Assignee. If the Seller of the real estate must approve this assignment then the first statement made in Section IV should be selected and a report the number of days within the effective date of this agreement when such approval must be gained (from the Seller) will be required.

(13) No Seller Approval Requirement. Select the second statement made by Section IV if this agreement may require only the consent of the Assignor and the Assignee to be effective.

real estate assignment contract pdf

(14) Governing Law. Report the state that will hold authority over this assignment and the agreement being developed.

real estate assignment contract pdf

Section 10 Additional Terms

(15) Remaining Agreement Conditions.  All the conditions and the terms that the Assignor and Assignee require to be complied with should be contained within this agreement before it is signed. Section X will supply the space for such information to be presented and will allow the title of additional paperwork that will be attached to be included. This area may be left unattended if the information produced thus far represents the full scope of the obligations each Party must live up to for this assignment to proceed to completion.

real estate assignment contract pdf

(16) Assignor Signature And Date. The Assignor making this assignment should sign his or her name and dispense the date this action was completed.

(17) Assignor Printed Name.

real estate assignment contract pdf

(18) Assignee Signature And Date. The Recipient of this assignment, the Assignee, should review this agreement then sign his or her name. The date of the Assignee signature must also be reported at the time of signing.

(19) Assignee Printed Name.

real estate assignment contract pdf

(20) Seller Signature And Date. If it has been indicated that the Seller must provide consent, then he or she must sign this paperwork upon its completion and a thorough review so that this assignment may proceed. His or her signature date will also be required.

(21) Seller Printed Name.

real estate assignment contract pdf

  • Purchase Agreements »

Real Estate Assignment Contract

A real estate assignment contract  allows a real estate buyer to transfer their purchasing rights and responsibilities to someone else before the closing date. Typically, the new buyer pays a fee to the original buyer for the assignment. The form specifies the amount and due date of the assignment fee (if applicable), as well as all other details of the transaction, including the new buyer’s  liabilities , payment requirements , and rights under the purchase agreement . 

Download:  PDF ,  Word (.docx) ,  OpenDocument

REAL ESTATE ASSIGNMENT CONTRACT

1. THE PARTIES . This Real Estate Assignment Contract (“Assignment”) is entered into on [MM/DD/YYYY] (“Effective Date”), by and between:

Assignor : [ASSIGNOR’S NAME] (“Assignor”) with a mailing address of [ADDRESS] , and

Assignee : [ASSIGNEE’S NAME] (“Assignee”) with a mailing address of [ADDRESS] .

The Assignor and Assignee are each referred to herein as a “Party” and, collectively, as the “Parties.”

2. ORIGINAL AGREEMENT . The Assignor is the purchasing party to that certain purchase and sale agreement, dated [MM/DD/YYYY] , for the real property located at [PROPERTY ADDRESS] , and as more particularly described therein (“Original Agreement”).

3. ASSIGNMENT . The Assignor hereby transfers, assigns, and sets over to the Assignee all contractual rights, title, interests, and obligations in and to the Original Agreement on the Effective Date, pursuant to the terms of the Original Agreement

4. CONSIDERATION . For the sum of any dollar amount stipulated herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree to the following: [DESCRIBE PAYMENT OR OTHER CONSIDERATION] .

5. ASSUMPTION . By executing this Assignment, the Assignee accepts and assumes the transfer and ownership of all liabilities, obligations, and claims that currently exist or may in the future regarding the Assignment. As of the Effective Date, the Assignee agrees to comply with and assume all terms, payments, conditions, covenants, and any other duties and obligations as part of this Assignment and those set forth in the Original Agreement.

6. REPRESENTATIONS . The Parties acknowledge that they have a full understanding of the terms of this Assignment. The Assignor further warrants and represents that they own the rights transferred in this Assignment and has prior consent to execute this Assignment under the terms of the Original Agreement or otherwise through the written consent of the selling party under the Original Agreement; in the latter case, the written and signed consent of said party shall be attached to this Assignment. The Parties agree to provide and complete any obligations under this Assignment and the Original Agreement.

Assignor Signature : ___________________ Date:  [MM/DD/YYYY] Print Name: [ASSIGNOR’S NAME]

Assignee Signature : ___________________ Date:  [MM/DD/YYYY] Print Name:  [ASSIGNEE’S NAME]

Frequently Asked Questions

Is it legal to assign a purchase agreement, is there a time limit for assignment.

Whether or not a buyer can assign their purchasing rights depends on the terms and conditions of the original purchase agreement. If the agreement allows assignment , the buyer may need to notify the seller and get their written permission before drafting the assignment contract.

  • Note : Some real estate contracts, such as those involving foreclosed property and homes owned by the Department of Housing and Urban Development (HUD), contain anti-assignment clauses.

Unless the parties agree to a different arrangement, the original buyer can assign their rights and obligations to someone else at any point before the closing date.

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  • How to Create and Sign Real-Estate Assignment Contract

A real-estate assignment contract is a piece of legal document that is used to transfer the legal obligations of a party of a contract (property) from one individual to another. That is, it is usually drawn up after a real-estate purchase agreement has been created and signed by the buyer and the seller. Once a real-estate assignment contract is signed, all the legal obligations of real-estate property are legally transferred from the seller to the buyer.

A standard real-estate assignment contract contains the following information.

  • The full names of all the parties involved in the real-estate assignment contract.
  • The full addresses of all the parties involved in the real-estate assignment contract.
  • The price and other costs associated with the property.
  • The date of sale of the property.
  • Term and conditions of sale.

Creating and Signing a Real-Estate Assignment Contract

A real-estate assignment contract can usually be developed using any software application that allows a user to create a word file or a PDF file. PDF.co provides a user the ability to embed an electronic signature using its tools. Below is a picture of an unfilled real estate assignment contract document, which is ready to be filled and signed.

Real-Estate Assignment Contract Document

How to Fill and Sign a Real-Estate Assignment Contract using Zapier

  • Set up Trigger
  • Set up Action
  • PDF Filler Configuration
  • Test PDF Filler
  • Test Success
  • PDF Filler Output

Step 1: Set up Trigger

In this tutorial, we will show you how to sign a Real-Estate Assignment Contract using PDF.co and Zapier. All of our contracts are stored in a folder in Google Drive and Google Drive serves as our Trigger to run the Zap.

We assume that you have already set up the Google Drive trigger. If you haven’t yet, you can check out this tutorial .

Step 2:  Set up Action

First, let’s choose PDF.co as the App and PDF Filler as the Action Event .

Real Estate Assignment Contract Zapier

Step 3: PDF Filler Configuration

Next, let’s configure the PDF Filler.

  • In the Source PDF field, select the File link.
  • In the Text objects fields, enter the coordinates, page number, text, font size, font name; width, height and text alignment in this format x;y;pageIndex;text;fontSize;fontName;;;;width;height;alignment You can easily get the coordinates using the Simple PDF Viewer

Real Estate Assignment Contract with Zapier

Step 4: Test PDF Filler

Then, let’s send the PDF Filler configuration to PDF.co to make sure that we set it up correctly.

Real Estate Assignment Contract using Zapier

Step 5: Test Success

Zapier confirmed that our test was successful. PDF.co returned a temporary URL of the signed contract. You can copy and paste the URL in your browser to view the PDF.

Sign Real Estate Assignment Contract Zapier

Step 6: PDF Filler Output

Here’s the Real-Estate Assignment Contract file that we signed using the PDF.co PDF Filler.

Fill Real Estate Assignment Contract Zapier

How to Fill and Sign a Real-Estate Assignment Contract using Integromat

  • Create Scenario
  • Set up PDF.co Module
  • Run Scenario
  • Signed Contract Output

Step 1: Create Scenario

In this tutorial, we will show you how to sign a Real-Estate Assignment Contract using PDF.co and Integromat.

To get started, let’s create a Scenario and choose the PDF.co Add Text and Images To a PDF module.

Create Integromat Scenario

Step 2:  Set up PDF.co Module

Then, let’s configure the module.

  • In the Input File field, select the Import PDF from URL so we can manually add the file URL.
  • In the Url field, enter the source file link.
  • Under Text Annotations , click on the Add item This will allow us to enter the text in the PDF document.

Set up Module in Integromat

  • In the Text field, enter the text to add in the PDF.
  • In the Pages field, type in the page index or page number. The first page is 0.
  • In the X and Y coordinates, enter the text coordinates in the PDF. You can use the Simple PDF Viewer tool to get the coordinates.

Integromat Tutorial

  • In the Font Size field, enter your desired font size.
  • In the Font Name field, type in the font name you’d like to use. The default system font is Arial.

Run Integromat Scenario

Once all the text objects have been added, let’s run the Scenario to make sure that we configured the module correctly.

Step 3: Run Scenario

When the Scenario processes the request successfully, PDF.co returns a temporary URL to view or download the signed PDF. You can copy and paste the URL in your browser to see the result.

Running Integromat Scenario

Step 4: Signed Contract Output

Here’s the Real-Estate Assignment Contract that we signed using the PDF.co module.

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Legal Templates

Home Business Assignment Agreement

Assignment Agreement Template

An Assignment Agreement is an effective legal document for transferring contractual obligations. Using an Assignment Contract template makes the process go smoothly.

Published April 9, 2023 | Legally reviewed by Brooke Davis

An assignment agreement may be the best solution if you need or desire to transfer your rights, obligations, and benefits under a contract. Although this legally allowable transfer may seem complicated, using an assignment contract template designed expressly for this purpose can save you time and money. By understanding what an assignment contract does and how it works, you will be better positioned to broker a deal that relieves you of the contractual obligations and earn a profit.

What is an Assignment Agreement?

When to use an assignment agreement, what to include in an assignment agreement, how does assignment of contract work, how to write an assignment agreement, assignment agreement sample.

An assignment agreement effectively transfers the rights and obligations of a person or entity under an initial contract to another. The original party is the assignor, and the assignee takes on the contract’s duties and benefits. It’s often a requirement to let the other party in the original deal know the contract is being transferred.

When not prohibited by the original contract, the assignor steps into the situation and seamlessly continues to fulfill the agreement. Like any  business form , a poorly written assignment agreement may leave the assignor obligated to certain aspects of the deal.

The most common use of an assignment agreement contract occurs when the assignor is no longer able or desires to continue. Rather than leave the initial party, the obligor, without a provider, transfers the assignment contract to another organization.

For example, a small residential trash collection service plans to shutter its operation. Before closing the shop, the business brokers a deal to send their accounts to a curbside pickup company providing similar services. After notifying account holders, the new outfit continues the service.

A reliable assignment contract template is the most cost-effective way to transfer rights, obligations, and benefits. You can create a legally binding assignment contract by inputting the following information.

  • Effective Date:  The document must indicate when the transfer of rights and obligations occurs.
  • Parties:  Include the full name and address of the assignor, assignee, and obligor (if required).
  • Assignment:  Provide details that identify the original contract being assigned.
  • Third-Party Approval: If the initial contract requires the approval of the obligor, note the date the approval was received.
  • Signatures:  Both parties must sign and date the printed assignment contract template once completed. If a notary is required, wait until you are in the presence of the official and present identification before signing. Failure to do so may result in having to redo the assignment contract.

The person wishing to pass along their contractual obligations and benefits confirms the transfer if permissible. This can be determined by reviewing the original contract. If no clause exists barring a transfer, it is typically allowable. The use of a diligent assignment contract template can significantly simplify the process.

Take note that language may require you to give the obligor notice. If this is the case, you may need to craft a letter of assignment to notify the other party or parties of your intentions. Using a trustworthy letter of assignment template may be prudent to ensure you include all the necessary particulars.

Step 1 – Assignor and Assignee Details

List all of the pertinent information regarding the parties involved in the transfer. This includes full names, addresses, phone numbers, and relevant contact information. This step clarifies who transfers the initial contract and who takes on its responsibilities.

Step 2 – Provide Original Contract Information

Describing and identifying the contract that is effectively being re-assigned is essential. This step avoids any confusion after the transfer has been completed.

Step 3 – Consideration

Provide accurate information regarding the amount the assignee pays to assume the contract. This figure should include taxes and any relevant peripheral expenses. If the consideration is to be paid over a period, indicate the method and installments.

Step 4 – Terms and Conditions

The terms and conditions of any agreement are crucial to a smooth transaction. You must cover issues such as dispute resolution, governing law, whether the obligor needs to approve the deal, and any relevant clauses. Standard clauses are included on a smartly crafted assignment contract template.

Step 5 – Signatures

Both parties must sign the agreement to ensure it is legally binding and that they have read and understood the contract. If a notary is required, wait to sign off in their presence.

A formal assignment agreement template makes the process go smoothly. The template is an accurate guide that ensures all parties complete a valid and legally binding agreement.

Assignment Agreement screenshot

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IMAGES

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