Assignment Of Lease Option Agreement

ASSIGNMENT OF LEASE OPTION AGREEMENT Namely this LEASE OPTION AGREEMENT WITH OPTION TO PURCHASE REAL ESTATE (hereinafter referred to as the “Lease/Option”) Was made on _______ day of ____________________________, 20_______, Copy attached as Addendum “A” along with other documents. THIS ASSIGNMENT, is made on this _________ day of ____________________________, 20_______, BETWEEN:

_____________________________________________________________ (hereinafter referred to as the “Assignor”)

AND _____________________________________________________________ (hereinafter referred to as the “Assignee”) FOR VALUE RECEIVED, namely $ ___________________ the Assignor assigns and transfers to Assignee the above mentioned Lease/Option executed by Assignor (as Tenant/Buyer), of the following described Property: ADDRESS: __________________________________________________________________________ , together with all his right, title, and interest in and to the Lease/Option, subject to all the conditions and terms contained in the Lease/Option, to have and to hold until the present term of the Lease/Option Agreement expires. ASSIGNOR COVENANTS, that he/she is the lawful and sole owner of the interest assigned hereunder; that this interest is free from all encumbrances; and that he has performed all duties and obligations and made all payments required under the terms and conditions of the Lease/Option Agreement. ASSIGNEER AGREES to pay all rent due after the effective date of this assignment, and to assume and perform all duties and obligations required by the terms of the Lease/Option Agreement. SIGHNED: _______________________________ Assignor

________________________________ Assignee

_______________________________ Witness

________________________________ Witness

ADDENDUM “A”