Passing through the streets of cities, you can meet detached or whole blocks of new buildings. They can be admired, since they compare favorably with old buildings, but most of all I want to become the owner of such property. After all, they are distinguished by a new infrastructure, the possibility of redevelopment to their own taste, proximity to their own kind, and much more. All newlyweds dream of such a "nest". And so, having collected money from the wedding, plus the help of parents or taking a loan from the bank, they begin to look for the best options. Of course, you can become an equity participant in the construction, which is just starting to be built. But if you wait unbearable, if you want to quickly, if you found your dream home - proximity to the metro, work, parents, and all apartments are sold out? Then there are investors or people who want to sell an apartment due to changing family circumstances who cannot “pull” such payments.
Those who want to sell and acquire will inevitably come across such a legal concept as assignment of rights. It would seem that if there is a seller and a buyer, you only need to draw up a contract of sale. But there is a nuance that is not always clear - what is a product? Yes, the apartment seems to be there, you can touch the walls, view the view from the window, but what is its address? It will become a commodity only after a transfer deed is completed. What then to buy? And they buy the right to an apartment, the seller concedes only his rights to it.
This is a fairly common, albeit undercurrent, way of acquiring housing. What are the features of concluding this type of transaction?
Firstly, a person who wants to sell an apartment is a lender. He concludes an agreement on equity participation or co-investment with the organization-developer, where it is stipulated that he is depositing money, and after some time an apartment will be built for him. On the basis of this contract, he has the right to demand this apartment after the agreed time. But when he decides to sell it before the deadline, it turns out - he sells (gives in) the demand for this apartment. This is called assignment of claims.
Secondly, if the inferior has paid the entire agreed amount to the developer, this is one thing. But more often this is due to the impossibility of payments, accumulated debts. Therefore, all unpaid amounts and debts in a transaction such as assignment of rights go to the claimant . In order to avoid surprises, it is necessary to obtain all information about mutual settlements from the developer.
Is assignment of rights associated with risk? Yes, like other types of transactions. Those wishing to purchase real estate are interested in how not to lose their hard-earned money, and in addition not to lose time and nerves. It is necessary to study the basic agreement on shared participation between the developer and the person who assigns the rights, pay attention to the deadlines for the commissioning of the object, the calculation procedure. It is very important whether this agreement is registered in the Federal Service for Financial Markets, if so, much is simplified and you can not be afraid of mistakes by the construction company regarding the sale of the same apartment several times.
The responsibilities of the assigning right include a written notice to the developer that a transfer of rights will occur. Remember that before signing the contract you should have the whole package of documents on hand. If the preliminary acquaintance suits you, then the assignment of rights of claim may be executed, where they necessarily stipulate how much it will cost, how it will be paid. This contract is also subject to registration.
Of course, it is best to entrust the conduct of this contract to an experienced lawyer who has drawn up such transactions more than once, which will also greatly reduce the risk. If you still decide to do everything yourself, then be careful, check, carefully read, compare, and this information may be useful to you.