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Assignment of Contract for Deed and Quit Claim Deed

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ASSIGNMENT OF CONTRACT FOR DEED by Business Entity

(Top 3 inches reserved for recording data)

Minnesota Uniform Conveyancing Blanks

Form 30.3.4 (2011)

DATE: (month/day/year)

FOR VALUABLE CONSIDERATION,

a under the laws of

("Assignor"), hereby sells, assigns, and transfers to

("Assignee"), the Seller's or Purchaser's interest in that Contract for Deed ("Contract") dated (check the applicable box) (month/day/year) made by

as Seller, and

as Purchaser, and recorded on as Document Number (or in Book

(month/day/year) of Page ), in the Office of the County Recorder Registrar of Titles of

(check the applicable boxes) County, Minnesota, for the sale and conveyance of real property in said County and State described as follows:

Check here if all or part of the described real property is Registered (Torrens)

By acceptance hereof, Assignee assumes and agrees to keep and perform all the covenants made or assumed by Assignor in the Contract. Assignor covenants that there remains unpaid under the Contract the sum of

Dollars ($ ) with interest thereon from (month/day/year)

and that Assignor has good right to sell, transfer, and assign the Contract.

Note: This document does not convey fee title to the real property described above.

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Page 2 of 2

Assignor

By:

Its:

By:

Its:

Minnesota Uniform Conveyancing Blanks Form 30.3.4

State of Minnesota, County of

This instrument was acknowledged before me on (month/day/year) by

and by

as of

as

(Stamp)

Title (and Rank):

My commission expires:

(month/day/year)

THIS INSTRUMENT WAS DRAFTED BY:

TAX STATEMENTS FOR THE REAL PROPERTY DESCRIBED IN THIS INSTRUMENT SHOULD BE SENT TO:

Enter text

What the Assignment of Contract for Deed and Quit Claim Deed Is

An Assignment of Contract for Deed and Quit Claim Deed is a paired real estate instrument used when contractual rights under a contract for deed are transferred and the grantor conveys any present interest by quitclaim. The assignment transfers equitable rights and obligations under the installment contract, while the quitclaim deed conveys whatever title the grantor holds without warranty. These documents together clarify who controls payment obligations and what interest, if any, passes; they are typically notarized and recorded in the county recorder's office to protect purchasers and creditors through public notice.

Why Pairing an Assignment with a Quitclaim Deed Matters

Combining an Assignment of Contract for Deed with a Quit Claim Deed clarifies the transfer of contractual rights and any present title interest, creates public notice for title examiners and lenders, and reduces ambiguity about enforceable obligations and who can collect or defend the property interest.

Why Pairing an Assignment with a Quitclaim Deed Matters

Who Typically Uses These Documents

Typical users include parties to a contract for deed, purchasers, sellers, and closing agents who need to transfer contractual rights or clear title.

  • Seller (assignor) transferring contract rights; may retain limited obligations until recorded.
  • Buyer (assignee) acquiring contract benefits and obligations; expects notice and recording evidence.
  • Title companies, closing attorneys, and lenders needing public notice and clean chain of title.

When obligations, lender consent, or recording are involved, professionals such as title agents or real estate attorneys are commonly engaged to ensure enforceability and correct indexing.

Key Parties and Their Roles

Seller / Assignor

The party that originally holds the contract for deed rights and executes the assignment and quitclaim. Must confirm they have authority to assign, disclose encumbrances, obtain lender consents where required, and sign before a notary for recording.

Buyer / Assignee

The party receiving contractual rights and any present interest. Should verify chain of title, confirm payment and obligation terms, and record the assignment to protect against competing third-party claims and liens.

Step-by-Step: Complete, Notarize, and Record

Complete the assignment first, then execute the quitclaim deed; notarize, record, and distribute copies to all interested parties promptly.

  • 01
    Prepare Document: Identify contract and assemble supporting documents.
  • 02
    Review Title: Confirm assignor's interest and lender encumbrances.
  • 03
    Sign & Notarize: All parties sign before a notary as required.
  • 04
    Record & Distribute: File with county recorder; send certified copies to parties.

Workflow Overview: From Drafting to Public Notice

Typical workflow from drafting to recorded notice involves coordination among assignor, assignee, notary, and county recorder's office.

  • Drafting: Complete assignment and quitclaim forms; attach contract excerpts.
  • Authentication: Notary verifies signatures and identity.
  • Recording: County records instruments, creating public notice.
  • Post-Recording: Send copies to lender, title company, and parties.

Core Elements Every Professional Form Should Include

A complete Assignment of Contract for Deed and Quit Claim Deed includes specific sections that make the transfer clear, recordable, and defensible against later title challenges.

Parties

Clearly identify assignor and assignee by full legal names, addresses, and contact information; include entity types, trust or representative capacity where applicable to avoid ambiguity in enforcement and indexing.

Property Description

Use the full legal description from the original deed or contract for deed, attach parcel or exhibit references, and include municipal identifiers so recorders and title examiners can accurately match instruments.

Contract Reference

Cite the original contract for deed by date, parties, and recording information so the assignment unmistakably ties to the underlying agreement and confirms which rights and obligations transfer.

Consideration

State cash amount or clear consideration language; explicit consideration language helps with tax reporting, interpretation of assumptions, and enforcement of monetary obligations.

Warranties

A quitclaim deed conveys no warranties; the assignment should state whether any representations or indemnities exist to manage expectations about title quality and post-transfer liability.

Recording Block

Provide an acknowledgement or jurat, county recorder instructions, and a margin for clerk stamps so the instrument will be accepted, indexed correctly, and provide public constructive notice.

Digital Workflow Configuration for Electronic Completion

Set up the electronic workflow to capture signatures, notary acknowledgement, and an auditable PDF suitable for county recording and distribution to lenders and title companies.

Field Configuration
Document Type Assignment and quitclaim paired file
Notarization Enable RON or offline notary steps as required
Recordation Produce recording-ready PDF, include margin space
Signer Authentication Email + SMS code or ID verification

Platform Capabilities to Check Before You Start

Use a platform that supports secure signing, tamper-evident PDFs, and a complete audit trail for chain-of-custody and recording purposes.

  • File Formats: PDF/A and DOCX supported
  • Integrations: NetSuite, Salesforce, Google Workspace
  • Authentication: Email, SMS, or ID verification

Timelines and Timing Considerations

Timing affects priority and enforceability; record promptly to establish constructive notice and to comply with lender or contract notice requirements in many jurisdictions.

Recording Priority:

Record immediately to protect against subsequent bona fide purchasers.

Notary Timing:

Sign and notarize prior to recording.

Tax Reporting:

Transfers may create tax reporting obligations in the transfer year; consult IRS guidance.

Statute of Limitations:

Limitations may affect claims; check state law for accrual rules.

Lender Consent:

Obtain mortgagee consent per loan documents if required.

Key Milestones from Execution to Indexing

Sequential milestones help manage risk and ensure the instrument establishes public notice and enforceability at each stage of processing.

01

Draft and Review

Prepare instruments and obtain internal approvals before signatures.

02

Obtain Consents

Secure lender or third-party consents required by loan documents.

03

Sign and Notarize

Execute before a notary or via approved RON procedure.

04

Record Instrument

File at the county recorder to create public notice.

Assignment vs. Quit Claim Deed — How They Differ

Quick comparison of the two instruments shows purpose, effect, and typical parties to help select the correct document for your transfer.

Criteria Assignment Quit Claim Deed
Primary Purpose transfer contract rights convey existing title interest
Transfers interest equitable rights present title interest
Notarization required
Recording recorded recommended recorded recommended

eSignature Vendor Pricing and Feature Snapshot

Pricing and capability overview for common eSignature vendors useful when choosing a solution to execute or notarize Assignment of Contract for Deed and Quit Claim Deed documents.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies by plan Varies by plan Varies by plan Varies by plan
Bulk Send Yes Varies by plan Varies by plan Varies by plan Varies by plan
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes Varies Varies

Common Preparation Errors to Avoid

  • Using a street address instead of the full legal property description can lead to mis-indexing and title examiner rejection at recording.
  • Failing to reference the original contract for deed by recording number or date can create ambiguity about which agreement is assigned.
  • Skipping lender or mortgagee consent when required by loan documents can trigger acceleration clauses or lender objections to the assignment.
  • Omitting notary acknowledgements or using incorrect notary language causes county clerks to reject the instrument for recording.

Risks and Potential Consequences of Improper Execution

Recording Rejection: Clerk refusal delays notice
Title Defect: Unclear chain risks litigation
Tax Exposure: Unreported gain or liability
Mortgage Default: Lender remedies possible
Fraud Allegations: Improper authority risks claims
Statutory Penalties: State-specific fines or sanctions

Frequently Asked Questions

Answers to common questions about execution, recording, notarization, and electronic signing for Assignment of Contract for Deed and Quit Claim Deed documents.


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