Parties
Clear legal names and capacities of assignor and assignee
An assignment addendum clarifies who holds purchase rights, allocates risk between parties, and helps ensure escrow and the seller recognize the assignee. It reduces ambiguity about consideration, effective date, and post-assignment liability, improving enforceability when properly completed and executed.
Each party should confirm signing authority and any state-specific execution or recording steps before finalizing the addendum.
| Field | Configuration |
|---|---|
| Signature Order | Assign signers in the contract-specified order |
| Notary / Witness Fields | Add conditional fields if notarization or witnesses are required |
| Supporting Attachments | Attach purchase contract and title report as reference |
| Notifications | Enable notifications to escrow and seller where consent is required |
Verify the chosen vendor supports notarization (remote or in-person) and provides a tamper-evident audit trail suitable for title and escrow review.
Clear legal names and capacities of assignor and assignee
Exact legal description or street address as in the contract
Specify whether rights, obligations, or both are assigned
Exact dollar amount or description of non-cash consideration
Date assignment takes effect and governs timing
Who remains liable to seller after assignment, if any
Date when parties sign the addendum; sets effective timing
If contract requires consent, obtain it within the period specified
Deliver executed addendum to escrow immediately upon signing
Coordinate with title for any required recording or file updates
Confirm assignor/assignee obligations relative to scheduled closing
Prepare addendum and review against purchase contract terms.
Assignor and assignee sign; secure seller consent if required.
Provide executed document to escrow and request instruction updates.
Proceed to closing with assignee recognized as buyer per instructions.
An investor assigned a contract to an end buyer who paid a fee to the investor
A buyer tried to assign without obtaining lender consent
| 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 trial | Varies | Varies | Varies | Varies |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No cap | 100 env/user/yr | Varies | Varies | Varies |