ASSIGNMENT OF OPTION TO PURCHASE LAND

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THIS AGREMENT is made the ___________________day of _____________________ 19____________
BETWEEN

1) ________________________of ___________________– 2) ________________________of ___________________–

WHEREAS:
A) The assignor is the holder of an option to purchase property located at

_______________________________which expires on ______________________ B) The assignor wishes to sell the option to the assignee

NOW IT IS HEREBY AGREED as follows:
1. In consideration for the payment of £_______receipt of which the assignee hereby

acknowledges, the assignor hereby transfers his/her entire interest in the option and all

his/her rights thereunder to the assignee.

  1. The assignor warrants the transfer is fully assignable
  2. The assignee, by accepting the transfer of the option, agrees to exercise the option, if at

all, according to its terms.
4. This agreement shall by binding upon and inure to the benefit of the parties, their

successors and assigns.

IN WITNESS OF WHICH the parties have signed this agreement the day and year first above written).

________________________________ Signed by or on behalf of the assignor

In the presence of (witness)
Name ———————————————- Address ———————————————– ———————————————- Occupation ———————————————-

______________________________ Signed by or on behalf of the assignee

In the presence of (witness)
Name ————————————————- Address ———————————————- ———————————————- Occupation ———————————————-

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