Resale and Assignment: Sequence Documents and Payment

Start by identifying who must consent to transfer, then obtain the seller's authority, account statement, assignment rules, charges, and the status of any instalments or disputes.

There is no universal safe payment sequence. Have independent counsel tie each payment to verifiable evidence or approval and define when possession, keys and originals change hands.

Draw a timeline showing the document required before each payment, who signs it, what evidences transfer of rights or possession, and what happens if assignment is refused or delayed. Use a dated account statement and allocate any instalment falling due during completion.

Have independent counsel design the sequence for the specific deal; no single payment checklist fits every resale. The reservation or sale agreement should clearly address refund conditions, deadlines, arrears, charges and delivery of documents and keys.

Compare cash required through the same date, remaining obligations, real occupancy timing, assignment or registration cost, and finishing condition. Do not compare an old contract price with a current developer price without the outstanding balance and cash premium.

Write down who pays each charge and when possession and risk transfer. The cheaper deal can become the more expensive one after a difficult assignment, finishing work, or unpriced waiting time.

Build a three-column check: what is documented, what has only been said, and what still needs independent verification. If an undocumented point is the main reason to buy, pause until evidence exists.

Stress-test a less optimistic case: handover slips, a variable cost rises, or you need to sell early. A sound decision remains manageable when events do not follow the sales presentation.