Jason  Zhang

Jason Zhang

Sales Representative

LOYALTY REAL ESTATE Brokerage*

Mobile:
647-502-3340
Office:
(416) 204-1222 ext. 4162041222
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Jason Zhang's blog

Buy property under Assignment- what is condo assignment , benefit for assingor and assignee

What is an assignment?(According to RECO)
 

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 (that is, where they take possession of the property). The assignee is the one who ultimately completes the deal with the seller.

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