Real Estate Key Assignment

REAL ESTATE KEY ASSIGNMENT

This Real Estate Key Assignment ("Assignment") is made on by and between the Assignor and Assignee identified below. Assignor transfers possession of the keys and access devices listed herein to Assignee subject to the terms and conditions set forth in this Assignment.

Parties

Property Identification

Key Inventory and Access Devices

Assignor hereby delivers to Assignee the keys, remotes, fobs, access codes and related devices listed below. Each item transferred is identified by type, quantity and identifying marks or serial numbers where available.

Additional devices (check applicable) and provide identifying details where applicable.

Garage remote — Serial/ID:

Security fob — Fob ID:

Electronic keypad / code — Location: Code description (do not include numeric code if confidential):

Assignment Terms and Conditions

Effective Date of transfer:

Assignor represents and warrants that Assignor is the lawful holder of the keys and devices listed and has the authority to deliver them. Assignor further represents that, to Assignor’s knowledge, the locks and devices are in working order except as disclosed herein. Assignee accepts possession of the listed keys and devices and acknowledges receipt as of the Effective Date.

Rekeying and Security: Rekeying required prior to Assignee occupancy. If rekeying is required, party responsible for payment: . Assignor shall disclose any known duplicate keys in possession of third parties:

Assignment of Liability: Upon delivery and acceptance, Assignee accepts responsibility for securing the property and for any loss, theft or unauthorized use of the transferred keys and devices. Assignee shall indemnify, defend and hold Assignor harmless from any claims, losses or damages arising from Assignee’s possession or use of the keys and devices except to the extent caused by Assignor’s gross negligence or willful misconduct.

Return of Keys: Unless otherwise agreed in writing, Assignee shall promptly return all keys, remotes and devices to Assignor upon termination of Assignee’s interest in the property or on demand. Failure to return keys may result in rekeying or replacement charges incurred by Assignee.

Disclosures

Known issues affecting keys, locks or access devices (describe in detail if applicable):

Lead paint present: Yes No    Mold or water damage affecting locks: Yes No

Default, Remedies and Miscellaneous

Default by Assignee in exercising reasonable care with respect to the keys or devices shall entitle Assignor to recover the costs of replacement or rekeying in addition to any other remedies available at law or in equity. The prevailing party in any dispute arising out of this Assignment shall be entitled to recover reasonable attorneys’ fees and costs.

Governing Law: This Assignment shall be governed by and construed in accordance with the laws of the State of without regard to conflict of law principles.

Entire Agreement: This Assignment constitutes the entire agreement between the parties with respect to the subject matter herein and supersedes all prior negotiations and understandings, whether written or oral. Any modification must be in writing and signed by both parties.

Acknowledgment

By signing below, Assignor certifies that the key inventory listed is accurate to the best of Assignor’s knowledge and that Assignor has authority to transfer possession of the keys and devices. Assignee acknowledges receipt of the listed items and accepts responsibility for the same pursuant to the terms of this Assignment.

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