Description: Tempe, Arizona Assignment of Contract for Deed by Seller is a legal document that outlines the transfer of ownership rights from the seller to another party known as the assignee. This agreement allows the seller to assign their rights and obligations under an existing contract for deed to the assignee. In Tempe, Arizona, there are primarily two types of Assignment of Contract for Deed by Seller that can be encountered: 1. Absolute Assignment of Contract for Deed: In this type of assignment, the seller transfers the complete ownership rights and responsibilities of the contract for deed to the assignee. The assignee essentially steps into the shoes of the seller and becomes responsible for fulfilling the terms and conditions agreed upon in the original contract. 2. Partial Assignment of Contract for Deed: This type of assignment allows the seller to transfer only a portion of their rights and obligations under the contract for deed. The partial assignee shares responsibility with the seller in fulfilling the terms of the contract, while the seller retains some control and benefits. Keywords: Tempe, Arizona, Assignment of Contract for Deed by Seller, legal document, transfer of ownership rights, assignee, existing contract for deed, rights and obligations, absolute assignment, partial assignment, terms and conditions, control and benefits.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.