An assignment of pre-construction condo is the transfer of an individual’s rights or property to another person or business before occupying the unit and closing on a mortgage. See Assignment Property for Sale.
Assignment means transferring some or all property rights and obligations to another person through a written agreement. To be effective, an assignment must contain parties with legal capacity, consideration, permission, and legality of object. more details…
It can range anywhere between $0-$15,000 or more, usually with the pre-construction projects the developers/builders charge a one time assignment fee to use assignment in future.
We strongly recommend to speaking with a Professional Accountant regarding Tax and other Obligations.
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