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THIS IS AN ASSIGNMENT CONTRACT.
By signing, Seller acknowledges the Conditional Buyer intends to assign to an end buyer. The Conditional Buyer may profit from this assignment without performing improvements.
Payment shall be cash only, made upon transfer after assignment to an End Buyer. No earnest money deposit is required from the Conditional Buyer.
The Agreement is expressly assignable to any third party ("End Buyer") without further consent from Seller.
Conditional Buyer has this period to secure an End Buyer.
End Buyer has this period from assignment to complete due diligence and deliver funds.
Conditional Buyer's Status:
Conditional Buyer/Assignor Rights: Conditional Buyer can rescind without penalty if an End Buyer is not secured within the Assignment Period or if the End Buyer fails to fund. Conditional Buyer is released from all obligations upon valid assignment and is **NOT** obligated to close on the Property themselves.
Seller Rights: Seller may rescind at any time before assignment is completed.
Seller acknowledges they are solely responsible for obtaining independent legal review.
Seller is responsible for ensuring compliance with all state laws governing property assignment transfers, including all necessary state-specific disclosures.
The Property is sold **"AS-IS"** in its present condition with no warranties by Seller, except as required by law.
Seller shall provide access with at least this much notice for inspections.
A title commitment shall be obtained within this many days of contract execution.
Closing shall occur within this timeline from the date End Buyer satisfies all contingencies and provides proof of funds.
Possession shall be delivered to End Buyer at closing, or:
Property is delivered "as-is" with all fixtures and items currently attached or contained within, UNLESS specifically excluded below.
In any legal action arising from this Agreement, the prevailing party shall be entitled to reasonable attorney's fees and costs.
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This section is for use only if required by state law or requested by parties.
On this day of , , before me, the undersigned notary public, personally appeared:
... and (Conditional Buyer/Assignor), known to me to be the persons whose names are subscribed to the foregoing agreement, and acknowledged that they executed the same voluntarily.
[NOTARY SEAL]
Note: A one-time payment of $2.50 or a valid payment code unlocks saving and emailing for both forms.