Assignment

Posted on November 1, 2011 by global

A form to to declare an assignment between you and a buyer.

Revised 04/28/2014

Assignment

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47 Responses to Assignment

  1. Vil Levy says:
    November 4, 2011 at 5:13 pm

    On the Assignment Word Doc, both signature blocks designate only “Assignee”; one should be “Assignor.”

    Vil Levy

    Reply
  2. Aliyah Nicole says:
    January 2, 2012 at 8:41 pm

    Looks like this has been changed?

    Reply
  3. CRES Mandujano says:
    March 12, 2012 at 3:02 am

    I think is fix

    Reply
  4. Mike Organek says:
    March 25, 2012 at 1:34 am

    Should work now.

    Reply
  5. Mike Organek says:
    March 25, 2012 at 1:36 am

    Hmmm! Wrong time and date of this post.

    Reply
  6. Debbie says:
    March 28, 2012 at 4:19 pm

    We apologize for this inconvenience. The signature line on the left should be noted as “Assignor.” We are working to get this fixed. In the meantime, download the Word document, save to your computer, make the change and save.

    Thanks for bringing to our attention, and don’t miss Ron’s Weekly Lesson video this week. He goes through the forms and tells you when to use them.

    Reply
  7. KJ Roberts says:
    April 9, 2012 at 12:07 pm

    Thank’s Ron it’s just what we needed

    Reply
  8. Bill De Martin says:
    April 12, 2012 at 6:44 pm

    Thanks for putting this on the site.

    Reply
  9. DENISE RUSH says:
    April 19, 2012 at 7:01 pm

    Thanks for the correction

    Reply
  10. Thomas Erb says:
    May 9, 2012 at 8:37 pm

    What a concept.. Assign the Lease. Just what I needed. Thanx, Ron

    Reply
  11. Mr. Ross says:
    May 18, 2012 at 4:06 am

    This looks fine to me. Ron appreciate all the work and knowledge you share…

    Reply
  12. James Noullet says:
    June 4, 2012 at 9:08 pm

    Just downloaded the word doc and the assignee
    is still on both. I just changed the left one to assignor and save. Thanks Ron

    Reply
  13. ZANETTE WILLIAMS says:
    July 3, 2012 at 5:07 pm

    Thanks so much for this information.

    Reply
  14. Joe Santa cruz says:
    August 7, 2012 at 1:30 am

    Will this program work in texas cause lease options are not allowed in texas

    Reply
  15. KJ Roberts says:
    September 11, 2012 at 4:50 am

    Looking for VA

    Reply
  16. Cresencio Mandujano says:
    September 15, 2012 at 2:47 am

    Thanks for putting this on the site.
    and for the correction

    Reply
  17. Steve Stockmal says:
    November 6, 2012 at 9:40 pm

    This form is great. I used it in my last deal and my attorney had no issues with it. Thanks Ron.

    Reply
  18. KJ Roberts says:
    November 29, 2012 at 3:20 am

    I like this part the best
    1. Assignee hereby accepts said assignment and assumes, covenants, and agrees to carry out and perform all of Assignor’s obligations pursuant to the Contract.
    2. This Assignment shall bind and inure to the benefit of the parties hereto and their respective successors and assigns.

    Reply
  19. Alex Vaneck says:
    December 26, 2012 at 3:24 pm

    Looks, good and thanks for the update to keep things clear, especially for newbies!

    Reply
  20. Roger Young says:
    May 17, 2013 at 11:42 pm

    Thank you very much for giving us this document, Ron. I will be using it in the very near future.

    Reply
  21. Kevin Roberts says:
    August 21, 2014 at 2:00 pm

    Wow things have changed here I picked up a deal recently and needed to assign it I was thrilled with the ability to make changes right on the form and was able to save it used the form to make a quick $44,000 assignment fee lead came to http://www.SellingaHomefast.com met the folks on a Monday put it in contract on Tuesday had the assignment done on Wednesday we all closed escrow on Tuesday total 8 days to get paid.

    Reply
  22. Sherri Thomas says:
    August 22, 2014 at 6:48 am

    Is this the same form you would use to assign your land trust? I didn’t see the form that said, Assignment of Beneficial Interest. Thank you.

    Reply
  23. William (Bill) Kovolenko Jr. says:
    March 4, 2015 at 2:28 pm

    Can a REO property under contract be assigned?

    Reply
  24. Carolyn Dailey says:
    March 11, 2015 at 11:56 pm

    Hi there-

    On the assignment agreement, on the signature part it says “ITS”…what does that mean, please? Thank you for your assistance.

    Blessings,
    C

    Reply
    • Elliot Land says:
      March 13, 2015 at 2:04 pm

      Hello Carolyn,

      This form is mostly used for corporations, and when dealing with corporations, the “its” line refers to the position of whoever is signing it.

      For example, if Carolyn is the president of ABC United Corporation and is using this form, you would sign Carolyn on the first line, print Carolyn on the next line and write President on the its line.

      Reply
  25. Randy Gold says:
    May 1, 2016 at 4:04 pm

    This assignment is made and entered into this 1st day of May, 2016 by and between __________1______________, with its principal place of business at ________2_______________ (“Assignor”), and __________3______________, (with its principal place ¬¬¬of business at/residing at) ____________4___________________ (“Assignee”).

    Can someone break it down what goes in to these blanks for me? Too simplify I labeled the blanks for you to respond exactly what to write down in the blanks. Just want to be sure I am not filling these out incorrectly. Thanks.

    Reply
  26. Judy Berrett says:
    May 2, 2016 at 1:36 pm

    Randy,
    #1 is you or your LLC (whatever you put on your contract with the seller).
    #2 is your address
    #3 is your new buyers name or company name
    #4 is his address
    As you continue to read the document a couple of times it makes better sense. that’s what I had to do awhile back 🙂

    Reply
    • Randy Gold says:
      May 7, 2016 at 8:38 pm

      I really appreciate that Judy. Thank you so much.

      Reply
    • Shirley Soto says:
      August 26, 2020 at 12:04 pm

      my first time doing one of these , in the wholesale and retail system, we have a form that allows you to enter the assignment fee, what about these one , how do you get you’re part pay?

      thank you

      Reply
  27. Ricardy Banks says:
    August 30, 2016 at 9:26 pm

    In an ACTS deal would we put our company name or Assignee as the buyer on the P&S agreement?

    Reply
  28. Randy Gold says:
    September 8, 2016 at 3:57 pm

    In the assignment in the “WHEREAS” section you put the deposit in the first blank and do you put your profit margin in the next blank or the total of which the person agreed to pay for the home? For example. I have under contract for 30,000 and he agrees to pay 35,000. Do I put a deposit of 500 and the balance of 4500 or the total balance of 34500?

    Reply
  29. Jeff Wiresinger says:
    September 9, 2016 at 1:00 am

    This form is great I really love it KISS

    Reply
  30. Dean Muhammad says:
    September 13, 2016 at 4:12 pm

    Are all of the Documents usable and up to date as of Sept 2016 in all states? Or are they subject to change?

    Thank you in advance.

    Reply
  31. Keanna Miller says:
    October 14, 2016 at 7:38 pm

    Awesome, looking forward. This use can use with Realtors

    Reply
  32. Mary Cannon says:
    November 14, 2016 at 1:46 pm

    I love this!

    Reply
  33. Gerald Faunce says:
    May 25, 2017 at 8:36 am

    Thanks Kevin Roberts for the Sellingahomequickly link. Anyone know of services like this in S Jersey?

    Reply
  34. Fernando Diaz says:
    April 15, 2019 at 10:54 pm

    fantastic form. practical and concise

    Reply
  35. Simon Mawutor says:
    June 28, 2020 at 9:42 pm

    ALL the forms are well and simple designed for us. Thank you Ron.

    Reply
  36. Lalaine Harris says:
    June 13, 2022 at 10:47 am

    Thank you Ron, I want to use this today for my first Wholesale deal

    Reply
  37. Kevina Litaba says:
    June 28, 2022 at 2:41 pm

    This is great. About to assign some properties to some buyers. This, and what we learnt about Wholesaling is awesome! Thank you Ron and the team!!!

    Reply

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