yyzer
Senior Member
i thought that purchasers were not allowed to list for sale, advertise for sale, offer for lease, offer for sale, sell, lease, transfer not less than thirty days prior to closing. (as read from the contract)
and secondly, if investors have purchased a unit in Aura would they would have made much money thus far?
This has come up many times here, and also on the real estate subforum....the key point is that for any condo which is not yet built and registered, you may have signed an Agreement of Purchase & Sale, and you may have paid a deposit, but until the deal closes - i.e., until the condo is built and registered, YOU DON'T OWN IT YET...in other words, you cannot sell or lease out what you don't yet own..(have title on)...
Sometimes builders will allow you to assign your Agreement of Purchase & Sale to a third party, but this is at the builder's discretion, and even if they do allow it, they will charge you a substantial administrative fee to do so - usually several thousand dollars....
Any such assignments need to be carefully understood by both you and your lawyer...hope this helps..