Lease Option Assignment

General Real Estate Investing
1

Hello All,

If I sign a Lease w/Option with a seller and the contract lets me assign it how will that work?

Do I just have my TB sign the Assignment Contract with me after he pays me my fee?

Do I need it notarized?

What do I do with it then? Do hand it to my TB or to the Seller?

Am I free from the deel at that point?

I’m trying to begin in Assignments to begin as an Investor so any help is appreciated. Thanks.

2

You would use a separate Assignment Agreement that needs to be signed by the assignee, in this case the t/b. You are paid at that time and this releases you from the deal.