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 With Novation In Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-00424
Format:
Word;
Rich Text
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This Standard Document contains provisions to incorporate an assumption of the delegated obligations and an optional novation into the assignment agreement. Note: This form must be downloaded to your device in order to be filled out properly.It must be opened in Adobe Acrobat Reader. A deed of novation is a legal contract that dissolves an old agreement and replaces it with a new one.