ASSIGNMENT OF CONTRACT/INTEREST

(Assignor) hereby assigns, transfers, sells the Contract/Interest, whether written or verbal in the
property located at ____________________ in the City of ___________________, State of to
_______________________________(Assignee).

● (Assignor) has negotiated a purchase price on the above referenced property of

______________________ which is an “as is/where is” price with no warranties or guarantees. Adding the
assignment fee of ______________________ , the assignees total purchase price is ____________________ plus
any inspection fees, repairs, due diligence, surveys and/or closing costs.

In addition to the assignment fee, the assignee shall reimburse assignor the deposit amount of __________ which
has already been paid by assignor. This assignment is made with no warranties, guarantees, or claims to condition
of property, size, title, or present or future value of property and it is the assignees responsibility to perform their
own due diligence before closing. This assignment shall survive the closing.

If there is a price reduction between (Assignor) and the owner of property, the difference
will be added to (Assignor) assignment fee of ______________________ while keeping the
total purchase price the same at ______________________.

● Closing: This transaction shall be closed, the balance of the monies due shall be paid, and all documents signed
by the parties hereto on or before ________________ after escrow has been opened. The earnest money deposit is
to be held by the escrow company pending closing. It is expressly agreed that upon the event of any default or
failure on the part of the Buyer to comply with the terms and conditions of this contract that said deposit is to be
paid to Seller as liquidated damages. If escrow is delayed, assignee agrees to extend the contract for up to
10 business days. Assignee understands that earnest money deposit is non-refundable under any
circumstances unless assignor is not able to deliver transferable title past extension period.

● The undersigned agrees that they have the full authority to execute this document personally and for any
organization they represent or will represent. By signing, you agree that you have read, understand and have the
full power and authority to enter into this legal agreement. If you do not understand this document, please seek
legal council prior to signing. The undersigned acknowledges receipt of a copy of this document.

● The assignment fee of __________________ is to be paid from proceeds at closing.

● Earnest: ______________________ dollars non-refundable earnest money in a form of a Bank WIRE or

Cashier Check’s shall be deposited at ______________________ located _________________________ by
5pm on ___________________________. Earnest money shall be applied to towards the overall purchase
price of _________________________.
Other Terms:

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Assignor Date

Assignee Date

Assignee Date