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Flip Assignment Form | PDF | Assignment (Law) | Property Law
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Flip Assignment Form

This document assigns an existing real estate purchase contract from the original buyer (Assignor) to a new buyer (Assignee). It transfers all rights, title, and interest in the purchase contract along with any obligations to perform under the contract, including after closing. The Assignor represents that the purchase contract is in full force and has not been modified, their interest is unencumbered, and they have authority to make the assignment. The Assignee agrees to assume and perform all obligations under the purchase contract and indemnify the Assignor for any losses from failing to do so.

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Nat Williams
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166 views3 pages

Flip Assignment Form

This document assigns an existing real estate purchase contract from the original buyer (Assignor) to a new buyer (Assignee). It transfers all rights, title, and interest in the purchase contract along with any obligations to perform under the contract, including after closing. The Assignor represents that the purchase contract is in full force and has not been modified, their interest is unencumbered, and they have authority to make the assignment. The Assignee agrees to assume and perform all obligations under the purchase contract and indemnify the Assignor for any losses from failing to do so.

Uploaded by

Nat Williams
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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ASSIGNMENT

OF
CONTRACT TO BUY AND SELL REAL ESTATE

FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which are


acknowledged, the undersigned (“Assignor”) hereby assigns to

(“Assignee”), whose address is


, all of Assignor’s right, title and
interest in and to the Contract to Buy and Sell Real Estate dated , 20
between , as Seller, and Assignor, as
Buyer, as modified by

[describe amendments, if any, or


(collectively, the “Purchase Agreement”), including but not limited to any
insert “no modifications”]
right Assignor might otherwise have or acquire to return of any earnest money deposited by
Assignor.

Assignor represents and warrants to Assignee that (1) Exhibit A attached to this
Assignment is a true and complete copy of the Purchase Agreement, (2) the Purchase Agreement
is in full force and effect and has not been modified in any way (other than by any amendment or
modification referred to in the definition of Purchase Agreement above), (3) Assignor’s interest in
the Purchase Agreement is free and clear of any prior assignment and of any lien or security
interest, (4) Assignor has good right and lawful authority to execute and deliver this Assignment
and to assign to Assignee all of Assignor’s interest in the Purchase Agreement, and (5) no party to
the Purchase Agreement is presently in default with respect to the performance of such party’s
obligations under the Purchase Agreement.

By accepting this Assignment, Assignee assumes and agrees to perform all of the
obligations of the Buyer under the Purchase Agreement, including but not limited to any
obligations to be performed after closing thereunder, and to indemnify Assignor against any loss,
claim, damage or expense Assignor may incur by reason of Assignee’s failure to perform the
assumed obligations on a timely basis.

Signed and delivered as of , 20 .

[If individual Assignor]


Name:

Name:
[If Assignor is an entity]

By

Name:

Title:

STATE OF COLORADO )
) ss.
COUNTY OF )

The foregoing instrument was acknowledged before me this day of

by

My commission expires

Witness my hand and official seal.

Notary Public

-2-
EXHIBIT A
to
ASSIGNMENT OF CONTRACT TO BUY AND SELL REAL ESTATE
[Attach copy of Purchase Agreement, including any modifications]

A-1

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