This agreement is made between _______________________________ (BUYER/ASSIGNOR) and_____________________________________________(ASSIGNEE) regarding the purchase of the referenced  SUBJECT PROPERTY below. 

Subject Property: 

Legal Description

Whereas (BUYER/ASSIGNOR) has entered into a Purchase and Sales  Agreement with (SELLER) for the purchase of SUBJECT PROPERTY, and  whereas the BUYER/ASSIGNOR wishes to assign its rights, interests, and obligations in the Purchase and  Sales Agreement, it is hereby agreed between ASSIGNOR/BUYER and ASSIGNEE as follows: 

Buyer/Assignor hereby assigns all rights excluding all earnest money deposits to said  the contract for sale and purchase to (Assignee) in exchange for compensation in the  amount of _________________________ dollars ($___________________). 

1. ASSIGNOR will collect a Non-refundable deposit directed towards the assignment fee of (20% or as  agreed$____________________) within 24 hours of signing the agreement with the balance of $_______________due at the closing failure of which the agreement shall be voided without any Notice. 

2. ASSIGNEE accepts all terms and conditions of the contract for Sale and Purchase between  BUYER/ASSIGNOR and SELLER in its entirety. 

3. ASSIGNEE acknowledges receipt of legible copies of the original Contract for Sale and  Purchase in its entirety, including all Addendum(s) associated with this transaction. 

4. ASSIGNOR may, at any time before closing, renegotiate the underlined purchase price in the contract with  the SELLER. ASSIGNOR will be entitled to the entire difference between the contract price and the  assignment fee in this Agreement. The difference, if any, will be paid as an additional assignment fee at  closing. ASSIGNOR’s negotiation of the purchase price in the contract with the SELLER does not affect the  total amount due at closing by the ASSIGNEE. 

5. Additional terms and conditions of this Assignment are as follows: 

A)This assignment contract is non-assignable without the express written consent of the  BUYER/ASSIGNOR. No changes to the Purchase Contract can be made without the written  consent of the BUYER/ASSIGNOR.

B)Disclosures and Acknowledgement: Seller sells property as-is with no warranty of property  conditions. Assignor makes no representation to the assignee, or his agents, as to the  condition of the subject property. ASSIGNEE acknowledges and agrees that he or she is  purchasing the property on an “as-is” basis and based on his or her inspection,  investigation, and evaluation thereof. ASSIGNEE is not relying upon any representations of  ASSIGNOR, SELLER, or SELLER’S agent(s) to investigate and report on the condition of the 

property. The ASSIGNEES inspection period or due diligence period is over when the  ASSIGNOR signs the contract with the SELLER. 

C) ASSIGNOR, SELLER does not warrant that the property meets any current City, County, State, or Federal building codes, as well as the presence of any and all outstanding or pending  violations against the property. ASSIGNEE assumes all responsibility to perform any inspection,  investigation, and evaluation thereof prior to the signing of this Agreement. 

D) ASSIGNOR acknowledges that if he or she attempts to communicate with the SELLER in any form,  way, or shape, the terms of this assignment agreement shall be terminated, and the ASSIGNOR shall  forfeit the ASSIGNEES earnest money as liquidated damages.  


Assignee Date Assignor Date Print Name Print Name

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