A different purchase structure
An assignment generally concerns rights and obligations under an existing purchase agreement. It is important to understand the underlying contract and what is being transferred.
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Assignment sales
Understand the opportunity.
Discuss opportunities to take over a purchaser’s contractual interest before the original transaction closes. Each assignment depends on its own agreement and required approvals.
A clear starting point.
Review the terms carefully
Confirm consent requirements, fees, deposits, timing and the amounts due to each party with your lawyer before committing.
Make the numbers clear
Seek transaction-specific legal and tax advice. Ask about the purchase structure, closing costs and implications for your intended use.
YOUR NEXT MOVE
Let’s discuss your plans.
Share your preferred area, budget and timeline. Your enquiry will identify this opportunity type so Kabir can respond with relevant guidance.
Discuss assignment sales ↗Further reading: RECO: regulatory guidance and actions ↗