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This form releases and discharges a previously recorded notice of lien claim for assessment.
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What is assumption and release agreement

An assumption and release agreement is a legal document that allows one party to transfer their rights and obligations under a contract to another party, while releasing the original party from those obligations.

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Assumption and release agreement is needed by:
  • Parties involved in a contract transfer
  • Legal professionals and advisors
  • Businesses looking to assign contracts
  • Individuals engaging in property transactions

How to fill out the assumption and release agreement

  1. 1.
    Download the assumption and release agreement template from pdfFiller.
  2. 2.
    Open the document in the pdfFiller editor.
  3. 3.
    Fill in the names and addresses of all parties involved at the top of the document.
  4. 4.
    Clearly state the original agreement title and date to provide context.
  5. 5.
    Outline the specific terms and conditions that are being assumed by the new party.
  6. 6.
    Include a section for the releasing party to acknowledge their release of obligations.
  7. 7.
    Have all parties sign and date the agreement in the designated signature fields.
  8. 8.
    Save the completed document in your preferred format, either as a PDF or other supported formats.
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