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 Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00424
Format:
Word;
Rich Text
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1. Assignment and Assumption. 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. The first step in creating an assignment and assumption agreement is to clearly identify the parties involved and their respective roles. An assignment and assumption agreement transfers one party's rights and obligations to a third party.