Assignors of Pre-Sale Condos and Other Strata Lots

You are an assignor if you transfer the right to purchase a condo or strata lot with consent from a developer through an assignment agreement.

Assigning the Right to Purchase

The following must occur to ensure an assignment of a purchase agreement complies with the requirements under the Real Estate Development Marketing Act and Regulation:

Property Transfer Tax

Purchasers pays property transfer tax on the total amount paid to acquire the property. This occurs when title to the unit is registered at the land title office.