Novation Agreement (Professional Template)

Novation Agreement (Professional Template)

Price: $25
Category: Contracts & Agreements

---

Short Description

Safely replace an existing party in a real estate contract with our Novation Agreement. Ideal for creative financing, wholesaling, and investor-to-investor deal transfers. Fully editable Word format for easy customization.

---

Full Product Description

What is a Novation Agreement?

A novation agreement allows one party to transfer all rights and obligations in a contract to a new party, with the consent of all involved. In real estate investing, it’s a powerful tool for substituting buyers, investors, or entities without having to terminate the original agreement.

---

Why This Template is Essential for Investors

• ✅ Investor-Proven Format – Designed for creative finance and wholesale transactions.
• ✅ Clear Transfer Terms – Eliminates misunderstandings when replacing a buyer or seller.
• ✅ Legally Sound Structure – Ready for attorney review and state-specific adjustments.

---

Template Sections Include:

• Parties to the Agreement – Original party, new party, and counterparty details.
• Recitals & Background – Why the novation is taking place.
• Release of Original Party – Original party is fully discharged from obligations.
• Assumption of Obligations – New party accepts all rights and duties.
• Mutual Consent & Signatures – Binding acknowledgment from all involved.
• Notary Page – For added enforceability.

---

Included Files

• 📄 Editable Word (.docx) – Fully customizable for your deal.
• 🖋 Signature-ready format with space for exhibits and attachments.

---

💡 Pro Tip: Pair the Novation Agreement with your Subject-To Addendum or Assignment Agreement for more complex deal structures.

---

Price: $25
Delivery: Instant download after purchase.
Format: Editable Word (.docx)

🛒 Add to Cart – Download Now