The following is a form of assignment of land contract in common use in Michigan by the legal profession, together with a form of consent by the vendee, and the acceptance and agreement by the assignee of the vendee to carry out the terms and conditions of the contract. This form is sufficient to comply with all the statutory provisions relating to land contracts, but such assignment cannot be recorded unless the original contract has been acknowledged by the vendor.

Consent by Vendor.

Detroit, Michigan. I (or we) hereby consent that the interest of (here insert name of party of the second part) in the within contract be assigned to (here insert name of party to whom interest is being assigned to) subject to all the conditions and obligations therein contained.

......................................................L.S.

Assignment by Vendee.

In consideration of.................... dollars, to me in hand paid,

I do hereby sell, assign and transfer unto (here insert name of party to whom interest is being assigned) all my right, title and interest in and to the within contract, and advantages to be derived therefrom.

................................................L.S.

Acceptance of Assignment by Assignee as Vendee.

I, assignee above named, do hereby accept the above assignment, and do hereby covenant and agree to and with (here insert name of party of first part), the party of the first part to the within contract, in consideration of his (or her) consent above given, to assume, perform and carry out with him (or her) all the conditions and obligations therein contained on the part of the party of the second part thereto to be performed.