Lawyers

Talk to A Lawyer About Your Assignment to Purchase

Assign Circle has recommended real estate lawyers near you who can review draft assignment agreements and help you negotiate with builders or sellers. Email us at Lawyer@assigncircle.com to set up a consultation appointment today

What is an assignment in property law?

Assignment is a legal term whereby an individual, the “assignor,” transfers rights, property, or other benefits to another known as the “assignee.” This concept is used in both contract and property law. The term can refer to either the act of transfer or the rights/property/benefits being transferred.

Can builder deny assignment?

Many builders can also withhold the assignment clause as per their agreement. Whether you are moving into the property or purchasing a condo for investment, it is advisable to get the agreement reviewed by a real estate lawyer.

Your Real Estate
Lawyer’s Role

When you buy an assignment property, your real estate lawyer deals with both the assignor and builder. Your lawyer pays the assignor their deposit back, plus or minus any profit or loss they made by selling their contract to you. Your lawyer then pays the builder the remaining amount you owe for the unit. Your lawyer will also coordinate receiving funds from your lender, if applicable and arrange to pay the land transfer taxes. 

Testimonials

Take a look at what our clients and customers have to say about the Assign Circle platform.

You are in great hands with Neville (MrTorontoRealtor) & Assign Circle team. He has his finger on the pulse of the Real Estate market. Whether you want to buy/ sell or invest he can help you. He always contacts me with new information with regard to investment opportunities. This platform keeps me connected. Grateful.
by Elaine Morrison
Neville is a master at what he does, his profound professionalism has impact me in a special way ,this is my 3rd home so far and the experience I had with Neville is that I didnt have to worry about nothing I sold my existing home with him and perched my new home with him at the same time, he has been so helpful along the way ,hes got a very humble spirit I didnt feel worried at all ,I will definitely use Neville and Assign Circle again in the future
by Kemroy Marshall
Proud Home Owner
This Assign Circle platform is Informative, resourceful, user-friendly and someone is always just a phone call away. The yearly platinum package offers tremendous value, well thought out, I can't ask for more.
by Kelecia Mattis
Mortgage Broker, CIBC

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