ASSIGNMENT OF AN APARTMENT IN NEW BUILDING IN ST PETERSBURG
Buying apartments by assignment is a way to become the owner of an apartment in a facility under construction with a profit of up to 40%. Such a transaction has its pitfalls and risks that must be taken into account. The most reasonable option is to contact specialists who will find an apartment cheaper than that of the developer and correctly draw up the documents.
WHAT IS AN ASSIGNMENT?
Assignment (or cession, cession agreement) is the process of transferring the primary rights to an apartment in a new building to a new owner. According to the law of the Russian Federation, unfinished property cannot be sold, but this is possible if an agreement is concluded on the assignment of rights of claim (cession). In this case, the person who buys the house assumes the rights and obligations of the shareholder that the seller had previously.
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Actual on 09.09.2020