Assignment and Assumption of Contracts, Warranties, Permits, and Licenses (Commercial Real Estate Purchase and Sale) (FL) | Practical Law
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A document used in transactions for the purchase and sale of commercial real estate in Florida to assign contracts, warranties, guaranties, permits, and licenses that affect the real property. The seller assigns its interest under these agreements and the purchaser assumes all of the seller's interests in these agreements as of the closing date. This Standard Document has integrated notes with important explanations and drafting tips.