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 Sacramento
Category:
State:
Multi-State
County:
Sacramento
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. WHEREAS, Assignor wishes to assign all its rights under that certain Rental Car Concession.Once you go into a purchase and sale agreement with your seller you need an assignment agreement to assign that to your end buyer. Use this sample agreement to draft an assignment and assumption agreement for use as an ancillary document in the context of an asset purchase transaction.