Once you have assigned or sold your real estate option agreement, you must notify the optionor of the assignment by sending a notice of assignment of real estate option agreement like the following sample notice. Send your letter by U.S. Postal Service Certified Mail, return receipt requested, so that you have verifiable proof it was received. Also, send a copy to the attorney or escrow or title agent holding the property title transfer documents in escrow.
FORM 19.2 Sample Notice of Assignment of Real Estate Option Agreement
September 10, 2005
Mr. David D. Jones
5300 West Oklahoma Avenue
Tampa, FL 33629
Dear Mr. Jones:
Please take notice that on this tenth day of September 2005, I have assigned all of my rights and interest in that certain Real Estate Option Agreement, executed by you as Optionor, to me, as Optionee, on July 9, 2005, to Robert D. Johnson, whose post office mailing address is 4709 Swan Avenue, Tampa, FL 33606.
A copy of the Assignment of Real Estate Option Agreement is attached to this letter of notification.
Donald S. Reed
Attachment: Assignment of Real Estate Option Agreement
Copyright Thomas J. Lucier 2005. To customize this document, download it to your hard drive from Thomas J. Lucier's web site at www.thomaslucier.com/optionforms.html. The document can then be opened, edited, and printed using Microsoft Word or another popular word processing application.
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