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 ASSIGNMENT OF OPTION TO PURCHASE REAL ESTATE

            For value received, ____________(1)_______________, of ____________(2)_______________, assignor, assigns to ___________(3)____________, of _____________(4)____________, assignee, all rights and interest of assignor in an agreement,

dated ______(5)_________, 19__(6)_, whereby assignor was given the option to purchase from _______(7)___________, of ________(8)______________, the following described real estate at

a price and under the terms and conditions therein contained:

[legal description]

            Such option commenced on _______(9)______________, 19__(10)_, and is good until __(11)___ o'clock, _(12)_.m., ________(13)___________, 19__(14)_.

            Assignor, by virtue of this assignment, grants to assignee the right to exercise or reject the option in good faith and the right to recover any moneys deposited by assignor to receive said option.

            Dated ___________(15)____________, 19_(16)__.

                                  ____________(17)_______________

STATE OF _______(18)____________

COUNTY OF ______(19)____________

            BEFORE ME, the undersigned authority, on this _(20)_ day of _______(21)________, 19_(22)_, personally appeared ___________(23)___________ to me well known to be the person described in and who signed the Foregoing, and acknowledged to me that he executed the same freely and voluntarily for the uses and purposes therein expressed.

            WITNESS my hand and official seal the date aforesaid.

                                  __________(24)_________________

                                                    NOTARY PUBLIC

     My Commission Expires:__(25)___

NOTICE

            The information in this document is designed to provide an outline that you can follow when formulating business or personal plans.  Due to the variances by many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.

 

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