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Jenice Edmonds-McDaniel
  • columbus, OH
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URGENT question...my mind just drew a total blank!

Jenice Edmonds-McDaniel
  • columbus, OH
Posted Aug 3 2008, 11:00

:help: I am filling out a contract...and assignment contract, for a property, I'm down to the part where it says
hereby assigns all rights to said contract to:
person's name
("Assignee")
in exchange for compensation in the amount of __$___________________________________.

the exchange part is where I'm drawing a blank...do I put the purchase price of the property, or would I put what I'm making off of the property here. Example, say the property is being sold for $80,000 I'm selling it for $90,000 do I put the $10,000 or the $90,000 here! I'm thinking it should be the selling price of the property...but I may be wrong, my mind is lost! :goofy: Please help!