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 Hillsborough
Category:
State:
Multi-State
County:
Hillsborough
Control #:
US-00424
Format:
Word;
Rich Text
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This Assignment and Assumption Contract shall be binding upon and inure to the benefit of the parties' respective successors and assigns. This Assignment and Assumption Agreement shall be binding upon and inure to the benefit of the parties' respective successors and assigns.An assignment and assumption agreement is a contract that allows one of the parties to transfer their contractual rights and duties to another party. Need to assign your rights and duties under a contract? Learn more about the basics of an assignment and assumption agreement. This Agreement is made and entered into as of. The Assignor wishes to assign the Lease to the Assignee and the Assignee desires to assume the Lease from the Assignor.