harbourfront condo: An Assignment of an Agreement of Purchase and Sale - 03/10/15 09:54 AM


An Assignment of an Agreement of Purchase and Sale takes place when the original purchaser who bought from the builder assigns or sells the contract that was signed with the builder. 
 
The builder Agreements usually prohibit the purchaser to assign the Agreement. However, in the current Toronto condo market, there is more need for Assignments, as some investors want to sell, make a profit and move on. So, builders are agreeing to permit Assignments.  The builders charge a fee between $2500-$5000 to give this consent.
 
It is recommended that an Assignment Agreement contain two important clauses:
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Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto  ON (RE/MAX Condos Plus Corporation, Brokerage)

Rosalind Nicholas

Toronto Condo Real Estate Agent, Toronto ON

Toronto, ON

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RE/MAX Condos Plus Corporation, Brokerage

Address: 45 Harbour Square, Toronto, ON, M5J 2G4

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