SubjectProperty:_________________________________________________
Legal Description: _____________________________________________________________<\/p>\n\n\n\n
______________________________________________________________________________<\/p>\n\n\n\n
This agreement is made between Your Company (ASSIGNOR) and Investor X (ASSIGNEE) regarding purchase of above referenced SUBJECT PROPERTY.<\/p>\n\n\n\n
Whereas Your Company (BUYER)__ has entered into a Purchase and Sales Agreement with __________ (SELLER)__ for the purchase of SUBJECT PROPERTY______________________ and whereas BUYER wishes to assign its rights, interests and obligations in the Purchase and Sales Agreement, it is hereby agreed between ASSIGNOR and ASSIGNEE as follows:<\/p>\n\n\n\n
1. ASSIGNEE shall pay ASSIGNOR a NON-REFUNDABLE assignment fee of Rs. 60,000 (payable Rs. 30,000 with signing of contract and balance at close).<\/p>\n\n\n\n
2. Assignee\u2019s inspection period shall expire upon execution of this Assignment. ASSIGNEE accepts all terms and conditions of the contract for Sale and Purchase between BUYER and SELLER in its entirety.<\/p>\n\n\n\n
3. ASSIGNEE acknowledges receipt of legible copies of the original Contract for Sale and Purchase in its entirety including all Addendums associated with this transaction.<\/p>\n\n\n\n
4. Additional terms and conditions of this Assignment are as follows: This assignment contract is non-assignable without the express written consent of the ASSIGNOR. No changes to the Purchase Contract can be made without written Consent of
Company<\/p>\n\n\n\n
5. Disclosures and Acknowledgement:
a) ASSIGNOR and affiliated associates make no warranty, expressed or implied, regarding inspection reports or other reports provided to ASSIGNEE by ASSIGNOR or third parties concerning this property.<\/p>\n\n\n\n
b) ASSIGNEE acknowledges they are conducting a transaction dealing directly with ASSIGNOR for the purchase of SUBJECT PROPERTY.<\/p>\n\n\n\n
c.) ASSIGNEE is not relying upon or being represented by a REAL ESTATE BROKERAGE in this transaction.<\/p>\n\n\n\n
AGREED AND ACCEPTED
#1 ASSIGNOR (____________________________________)<\/p>\n\n\n\n
Signature:________________________________________
Date:_______________<\/p>\n\n\n\n
#2 ASSIGNOR (____________________________________)
Signature:________________________________________
Date:________________
<\/p>\n\n\n\n
ASSIGNEE(________________________________________)
Signature:_________________________________________ \u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 Dated:_____________<\/p>\n\n\n\n