First thing's first, send us the contract, as well as any addendums (date changes, upgrades). We will need to validate that it can in fact be assigned, as well as what the numbers look like for you.
We have a full-proof set of terms that ensures the best deal for you. We will walk you through these terms so that you understand the intricacies of the deal/ transaction so that there are no surprises.
Make sure to ask your lawyer and accountant
a) How tyou would be implicated as far as costs go beyond the sticker price of the unit with regard to HST if they execute the assignment sale.
b) How does HST get charged when we close the unit, if we are unable to assign the unit and have to close the unit with the developer?
c) What are there liabilities for capital gains/business income?
d) The costs and difference associated with selling the unit prior to interim occupancy vs. during interim occupancy.
e) Any other pertinent details you think would be essential for us to know
Lance, I've put a link here with some frequently asked questions.