This is an official Washington form for use in land transactions, a Deed and Seller's Assignment of Real Estate Contract (with individual acknowledgment).
Seattle Washington Deed and Seller's Assignment of Real Estate Contract — with individual acknowledgment is a legal document commonly used in real estate transactions in Seattle, Washington. This document serves multiple purposes, including transferring ownership from the seller (granter) to the buyer (grantee), assigning the rights and obligations of the seller under the real estate contract to the buyer, and providing an individual acknowledgment of the parties involved. The Seattle Washington Deed and Seller's Assignment of Real Estate Contract — with individual acknowledgment is often used when there is an existing real estate contract in place between the seller and the buyer, and the seller wishes to transfer their rights and obligations to the buyer. This document ensures that the buyer assumes all responsibilities and benefits outlined in the original contract. Key elements included in the document are: 1. Parties: The document identifies the granter (seller) and grantee (buyer) by their legal names and addresses. 2. Property Description: A detailed description of the property being transferred is included, which typically includes the property address, legal description, and any additional identifying information. 3. Real Estate Contract Assignment: This section outlines the terms of the assignment, including the date of the assignment, the date of the original contract, and any specific conditions or requirements related to the assignment. 4. Consideration: The consideration section specifies the amount of money exchanged or any other valuables given as part of the transfer. This may include the payment made by the buyer to the seller for assuming the contract. 5. Individual Acknowledgment: This portion of the document includes separate acknowledgments from both the granter and the grantee, stating that they understand the terms of the agreement, their obligations, and the consequences of the transfer. It ensures that each party is aware of their rights and responsibilities. While there may not be different types of Seattle Washington Deed and Seller's Assignment of Real Estate Contract — with individual acknowledgment, there can be variations in terms of specific details and clauses included based on the unique circumstances of the transaction. It is important to consult with legal professionals or real estate experts to ensure that the document is tailored to the specific needs of the parties involved in the transaction and complies with all relevant laws and regulations.
