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Rich08

Pure Option Assignment Confusion

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I thought I would add my Option Release Doc.

 

_____________________, LLC

City, State, Zip

 

Date: ________________

Property Address: __________________________________________________________

(Insert “A” Seller Name): ____________________________________________________

(Insert “B” Option Holder / Investor Name): _________________________________________

(Insert “C” Buyer Name): ________________________________________________________

 

To Whom It May Concern:

 

Regarding the sale of the above reference property, the Buyer (insert “C” buyer name here) will be responsible for the following fee’s to be paid out of escrow at closing. The fees are for the assignment of negotiated purchase price, negotiated rent and release of the recorded notice of option.

 

Please add the above fees to the P&S agreement, initial and date by all parties.

 

Amount payable to (insert “B” investor name or co. name) is (insert negotiated assignment fee / option release fee amount) for property contract assignment, negotiation and option release fee.

 

x_________________________________ _______________

Signature of Buyer Date

 

_________________________________

Print Name

 

x___________________________________ ________________

Signature of Option Holder (LLC, Managing Member) Date

 

________________________________

Print Name

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