This form is an Assumption Agreement. The form provides that the grantee will assume a lien on property described in the agreement. The assumption will become effective on the date provided in the agreement.
Assignment And Assumption Agreement Example In Arizona
Category:
State:
Multi-State
Control #:
US-00424
Format:
Word;
Rich Text
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The Assignor wishes to assign the Lease to the Assignee and the Assignee desires to assume the Lease from the Assignor. Below is a list of common sections included in Assignment And Assumption Agreements.These sections are linked to the below sample agreement for you to explore. The general rule under Arizona law is that a buyer's interest in a real estate purchase agreement is freely assignable, absent restrictions or prohibitions.