Você está na página 1de 1

ASSIGNMENT OF OPTION TO PURCHASE LAND

This Agreement made effective as of the _____ day of ______________, _______ by and between
[ASSIGNOR], of [address] (the Assignor) and [ASSIGNEE], of [address] (the Assignee).
WHEREAS:
(A)

The
Assignor
holds
an
option
to
purchase
property
located
at
____________________________, which expires on __________________________ (the
Option), a copy of which is attached hereto.

(B)

The Assignor wishes to sell the Option to the Assignee.

IT IS HEREBY AGREED as follows:


1.
For value received of _________________, receipt of which Assignee hereby acknowledges,
[NAME OF ASSIGNOR] of [address of assignor] (Assignor) hereby assigns and transfers to [NAME
OF ASSIGNEE] of [address of assignee] (the Assignee), all rights and interest of Assignor in an
Option dated [date of option agreement] whereby Assignor was given the option to purchase from
[NAME OF PARTY SELLING PROPERTY] of [address of selling party] the following described real
estate at a price and under the terms and conditions therein contained:
[FULL LEGAL DESCRIPTION OF REAL ESTATE]
Such option commenced on [date option commenced] and is good until _________ o'clock, ______
[A.M./P.M.], _________________ [date option expires].
The Assignor, by virtue of this assignment, grants to Assignee the right to exercise or reject the option
in good faith and the right to recover any moneys deposited by Assignor to receive said option.
2.

The Assignor warrants that the option is fully assignable.

3.
The Assignee, by accepting the transfer of Option agrees to exercise the Option, if at all,
according to its terms.
4.
This agreement shall be binding upon and inure to the benefit of the parties, and their
successors and assigns.
IN WITNESS OF WHICH the parties have signed this agreement the day and year first above written.
Dated at _______________________ this ______ day of ___________________, _________.

_________________________________
[ASSIGNEE]

_________________________________
[ASSIGNOR]

_________________________________
[WITNESS]

_________________________________
[WITNESS]