Assignment Of Real Estate Contract smartbusinessbox.in/assignment-of-real-estate-contract
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What is Assignment Of Real Estate Contract? The assignment of the contract is basically handing over the rights and obligations in selling a property to another party. The assigning party is the assignor and the second party is the assignee. The assignee engages the assignor to assume his rights and sell the property. The assignment is done on the grounds that the assignee will find a buyer for the property for a fee. The end buyer if agrees to this set-up is also documented in the contract. The real estate consultants, the assignee here often use this strategy to identify assignors who are selling properties at a really low price than the market price. The assignors indulge in an assignment of contract and identify buyers at a high market price for the property and enjoy a fee from the sales transaction. This process is also called as Real Estate Wholesaling. The assignor though has assigned the rights to the assignee is still under the obligation of the agreement and the original owner. Any defaults by the assignor can cause damage to the assignee and therefore the contract has to be clearly drafted.
Why Use Assignment Of Real Estate Contract? The assignment of Real Estate Contract acts as a valid document that explains the rights of the assignor and assignee in the transition process of property sales.
How To Use? Fill In The Blanks Customize Template Save, Print, Done.
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