January Form of the Month – OREF 013 – Assignment & Assumption of Sale Agreement

FORM OF THE MONTH

When assigning a sale agreement to a new buyer or adding an additional buyer, it is essential to ensure that all parties are fully aware of their rights and responsibilities. OREF’s new form, Assignment and Assumption of Sale Agreement, provides a clear and effective way to document these arrangements.

Do you have an idea or suggestion for a new form or edits to existing forms? We want to hear from you! Submit your ideas to our Forms Committee here.

Always check with your principal broker or legal counsel to ensure that you are following any policy requirements of your brokerage. All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.