Assignment for Deed
This Assignment for Deed ("Assignment") is made effective as of [Date], by and between, [Your Name], having an address of [Your Address] ("Assignor"), and [Assignee's Name], having an address of [Assignee's Address] ("Assignee").
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I. Recitals
Whereas, Assignor is the current owner of the real property located at [Your Address], legally described as [Legal Description of Property]; and
Whereas, the Assignor desires to assign all of their rights, title, and interest in the aforementioned property to the Assignee; and
Whereas, the Assignee desires to accept such assignment and assume all rights and obligations related to the property.
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II. Assignment
Now, therefore, in consideration of the mutual covenants and agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Assignor hereby assigns, transfers, and conveys to Assignee all of their rights, title, and interest in and to the real property described above, together with all improvements, appurtenances, and easements appertaining thereto.
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III. Assumption
Assignee hereby assumes all rights, obligations, and liabilities associated with the property from and after the Effective Date of this Assignment, including but not limited to any existing leases, agreements, or encumbrances affecting the property.
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IV. Consideration
In consideration for this Assignment, Assignee agrees to pay Assignor the sum of [Purchase Price] dollars ($[Purchase Price]) upon the execution of this Assignment.
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V. Governing Law
This Assignment shall be governed by and construed by the laws of the [State] without regard to conflicts of law principles.
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VI. Entire Agreement
This Assignment constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to such subject matter.
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VII. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Assignment as of the Effective Date first above written.
[YOUR NAME]
Date:
[ASSIGNEE'S NAME]
Date:
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This deed was acknowledged before me on this date by [YOUR NAME], Assignor, and [ASSIGNEE'S NAME], Assignee.
[NOTARY PUBLIC]
Date:
My commission expires:
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