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Ontario Assignment Sale
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Is an Assignment legal in Ontario?
An assignment is a sales transaction where the original buyer of a property (the "assignor") allows another buyer (the "assignee") to take over the buyer's rights and obligations of the Agreement of Purchase and Sale before the original buyer closes on the property.
What is a preconstruction assignment sale?
Unless prohibited in writing in the original agreement, it is mostly legally permitted. Some developers may charge a fee for assignment sales. It's best to confirm with the builder directly regarding any restrictions and fees.
Homebaba is one of the leading online marketplaces for pre-construction and assignment sales in Ontario. Check out hundreds of Ontario Assignment Sales advertised by Licensed Real Estate Agents.
Toronto Assignment Sale - Homebaba.
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