Notice of Assignment of Contract for Deed - West Virginia 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the Seller(s) name in the first blank space. This identifies who is assigning the contract.
  3. Next, enter the Assignee's name in the corresponding field. This is the individual or entity receiving the rights to the contract.
  4. Fill in the date of the original Contract for Deed where indicated. This provides context for the assignment.
  5. Specify the payment start date by entering it in the designated area, ensuring clarity on when payments should commence.
  6. Complete the Assignee's address details, including city, state, zip code, and phone number for future correspondence.
  7. Select whether the Contract for Deed has been recorded or not by checking one of the provided options.
  8. Finally, sign and date at the bottom as Seller(s), and ensure a notary public acknowledges your signatures as required.

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Legal Confirmation: The Notice of Assignment legally confirms that the rights under a contract, such as the right to receive payment, have been transferred to another party. It provides clarity and ensures that the debtor is aware of whom they should make payments to or deal with going forward.
The assignment must be in writing and signed by the assignor. The other party or parties to the agreement must be given notice of the assignment.
Assignment contracts are a vehicle used by real estate investors to transfer one partys rights and obligations under an existing real estate contract to another party.
A Notice of Assignment (NOA) makes it clear that the rights to collect payment from certain invoices have been transferred to another party, often a factoring company. When a business assigns its receivables, it means that the factor, not the business, now receives payments from customers on those invoices.
The acknowledgement of the notice by the recipient is not a statutory requirement for the assignment to be valid, but it can serve as evidence of the recipients awareness and acceptance of the assignment.

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Contract assignment is a legal process in which a party transfers their rights and obligations under a contract to another party. Contract assignment involves three parties: the assignor, the assignee, and the obligor.

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