A simpler way is to put a clause in the
original lease giving you the right to assign and contemporaneously being released of all subsequent liability.
Why would you assign? I just did two weeks ago, good price, good deal but took me 45 minutes to get there, without rush hour, too much of my time driving there to market and what not.
My standard lease/option paperwork is assignable. Just make sure your liability ends after you assign and get paid.
Simple one page assignment of contract agrreement...
A simpler way is to put a clause in the
original lease giving you the right to assign and contemporaneously being released of all subsequent liability.
Thanks Sammy and all, helped out a lot...
The Solutions Kid
[addsig]
Quote:
On 2003-10-26 12:04, 64Ford wrote:
Email me if you'd like a copy of assignment page.
IM sent
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Why would you or what are the benfits again of assigning a L/o contract. How do you make any money assigning it o someone else?
~Chantelle
If you got a good price, which you always should, then you can justify a couple of grand or more to the purchaser of the contract.
Have your assignment contract ready.
Why would you assign? I just did two weeks ago, good price, good deal but took me 45 minutes to get there, without rush hour, too much of my time driving there to market and what not.
My standard lease/option paperwork is assignable. Just make sure your liability ends after you assign and get paid.
if you do assign how do you explain this to the original seller guys?
That you will no longer be the one leasing?
Does anyone have an example of a good right-to-assign clause that they like to include in their lease-option agreements? Thanks in advance.