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Assignment of Contract for Deed by Seller - South Carolina

Assignment of Contract for Deed by Seller - South Carolina 2026

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The document is an Assignment of Contract for Deed, where the Seller(s) assign their rights and interests in a specific Contract for Deed to an Assignee. It includes sections for identification of parties, acknowledgment by witnesses, and notarization in South Carolina.

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Click ‘Get Form’ to open the Assignment of Contract for Deed in the editor.
Begin by filling in the 'Prepared by, recording requested by and return to' section. Enter your name, company, address, city, state, phone, fax, and zip code.
In the main body of the form, identify yourself as the 'Seller(s) or Assignor(s)' by entering your name in the designated space.
Next, specify the 'Assignee' by entering their name where indicated. This is the individual or entity receiving your rights under the contract.
Fill in details about the original Contract for Deed: include names of buyers and reference its recording information (Book, Page, Document Number) from your county's records.
Complete the date and sign where indicated as 'Seller'. Ensure witnesses also print their names and sign appropriately.
Finally, prepare for notarization by filling in details for both notary sections at the end of the document.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can a seller assign a contract?

While assignment contracts are typically only used for amounts of less than $5,000, you can assign a higher profit contract when both the buyer and seller agree. You cannot assign a contract if the original contract prohibits doing so.

How does an assignment contract work in real estate?

Assignment contracts dont involve transferring or selling the property directly like a purchase agreement. Instead, the buyer under the original purchase agreement (the assignor) assigns their rights and obligations under the purchase agreement to the assignee, sometimes for a profit.

What is the law relating to assignment of contracts?

An assignment must be clear and unequivocal; There must be clear evidence of the intent to transfer rights; An assignment must describe the subject matter of the assignment; Notice to the obligor.

Can a contract be assigned without consent?

In the absence of an express provision to the contrary, the rights and duties under a bilateral executory contract that does not involve personal skill, trust, or confidence may be assigned without the consent of the other party.

Is assignment of contract legal in South Carolina?

In South Carolina, the assignment of a contract is generally permissible unless the contract itself prohibits it or if the assignment would docHubly change the obligations of the other party.

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What are the disadvantages of a contract for deed for seller?

Risks for Sellers Other risks include: (1) the loan remains on a Sellers credit report, (2) Seller is still liable for the loan, (3) risk of non-payment by the buyer, and (4) the buyer never goes through a formal application process like with a regular mortgage.

Are assignment contracts legal?

Generally, the law allows the assignment of a contractual right unless the substitution of rights would materially change the duty of the obligor, materially increase the burden or risk imposed on the obligor by the contract, materially impair the chance of obtaining return performance, or materially reduce the value

Assignment of Contract for Deed by Seller - South Carolina 2026

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