Assignment of Option to Purchase :

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ASSIGNMENT OF OPTION TO PURCHASE REAL ESTATE


For value received, ___________________________, of ___________________________, assignor, assigns to _______________________, of _________________________, assignee, all rights and interest of assignor in an agreement, dated ______________, 19___, whereby assignor was given the option to purchase from __________________, of ______________________, the following described real estate at a price and under the terms and conditions therein contained:


[legal description]


Such option commenced on _____________________, 19___, and is good until _____ o'clock, __.m., ___________________, 19___.


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.


Dated _______________________, 19___.


___________________________


STATE OF __________________


COUNTY OF _________________


BEFORE ME, the undersigned authority, on this __ day of _______________, 19__, personally appeared ______________________ to me well known to be the person described in and who signed the Foregoing, and acknowledged to me that he executed the same freely and voluntarily for the uses and purposes therein expressed.


WITNESS my hand and official seal the date aforesaid.


_________________________ NOTARY PUBLIC


My Commission Expires:_____


NOTICE


The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances by many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.

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