This is an official Washington form for use in land transactions, a Deed and Purchaser's Assignment of Real Estate Contract (with individual acknowledgment).
The King Washington Deed and Purchaser's Assignment of Real Estate Contract — with individual acknowledgment is a legally binding document used in real estate transactions in the state of Washington. This document serves as both a deed and an assignment of a real estate contract, transferring ownership rights from the seller to the purchaser. The King Washington Deed and Purchaser's Assignment of Real Estate Contract — with individual acknowledgment includes several key components. First, it outlines the names and contact information of both the seller (assignor) and the purchaser (assignee). It also provides the legal description of the property being transferred, including any necessary legal addresses, lot numbers, or other identifying details. Furthermore, this document includes the terms and conditions of the real estate contract being assigned. It specifies the purchase price, any contingencies, and any other important details regarding the transfer of ownership. It also includes provisions for any required inspections, disclosures, or warranties associated with the property. In the King Washington Deed and Purchaser's Assignment of Real Estate Contract — with individual acknowledgment, there is an individual acknowledgment section, where both the seller and purchaser acknowledge their understanding and acceptance of the terms and conditions outlined in the document. This section often includes a space for both parties' signatures, and the date of execution. It's important to note that there can be variations and types of the King Washington Deed and Purchaser's Assignment of Real Estate Contract — with individual acknowledgment, depending on specific circumstances. For example, there may be different versions based on whether the property is residential or commercial, or if it involves a land-only transaction. These variations may be indicated by specific keywords like "residential," "commercial," or "land-only" in the title or description. In conclusion, the King Washington Deed and Purchaser's Assignment of Real Estate Contract — with individual acknowledgment is a comprehensive document that facilitates the transfer of ownership from a seller to a purchaser. It ensures that all parties involved are aware of the terms and conditions of the contract and serves as an important legal record of the transaction.
