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Assignment Agreement

Assignment of Real Estate Purchase and Sale Agreement

THIS ASSIGNMENT is made this day of , 20, by and between ("Assignor") and ("Assignee").

RECITALS:

Assignor has entered into a certain Real Estate Purchase and Sale Agreement with ("Seller"), dated , for the purchase and sale of the property located at:

AGREEMENT:

  1. Assignment: For the sum of $ ("Assignment Fee"), Assignor hereby assigns all rights and interest in said Purchase Agreement to Assignee.
  2. Payment: Assignee shall pay the Assignment Fee to Assignor at the time of closing. This fee is in addition to the purchase price stated in the original Agreement.
  3. No-Cash Clause: Assignee acknowledges that Assignor has a $0.00 cash-out-of-pocket position in this equitable interest. Assignee assumes all obligations, including any earnest money deposits required by the original contract.
  4. Indemnification: Assignee agrees to indemnify and hold Assignor harmless from any and all liability or damages arising from the original Agreement after the date of this Assignment.
  5. Closing: Closing shall take place on or before at the office of .

Assignor Signature

Date: _________________

Assignee Signature

Date: _________________

Disclaimer: This template is for educational purposes. Consult legal counsel in your specific jurisdiction.