ASSIGNMENT OF AN AGREEMENT TO SELL
Assignment date: __________
Assignor: __________, __________. Assignee: __________, __________. Original seller/promoter: __________, __________.
Project: __________. Unit: __________, __________ - __________.
Source agreement: __________. Original price: __________. Paid: __________. Balance: __________.
- ASSIGNABILITY
Basis: __________.
- RIGHTS AND CONSIDERATION
The Assignor assigns to the Assignee, with effect from the date in clause 3, the Assignor's rights under the source agreement, as follows. Assigned rights: __________.
Assignment consideration: __________. Advance: __________. Balance: __________.
Where the law requires the Assignee to deduct tax at source from the assignment consideration, the Assignee deducts it, deposits it within the time allowed and gives the Assignor the certificate; tax properly deducted and deposited counts as payment of that much of the consideration.
- EFFECTIVE DATE AND RECOGNITION
Effective between parties: __________. Recognition route: __________.
- LIABILITIES
Pre-effective liabilities: __________.
Post-effective liabilities: __________.
- DOCUMENTS AND FAILURE
Document delivery: __________.
Recognition failure: __________.
This assignment transfers the contractual position described above and does not itself convey completed title to the immovable property.
- EXECUTION
Assignor: __________
Assignee: __________
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
Personal data in this document is collected only to document and administer assignment of rights and obligations under the identified agreement to sell, communicate about that purpose, verify expressly supplied transaction information, and retain an evidentiary record.
The record will be held by __________ and may be shown only to the allottee, incoming transferee, promoter/developer, authorised broker, lender, advocate, accountant, statutory authority or registration/tax authority directly involved in the stated transfer.
If the proposed transfer does not proceed, the personal data will be retained for 90 days from that decision and then erased. If it proceeds, the record will be retained for the transaction plus 12 months, except for a record that a statute requires to be kept for a longer named period.
A person named in this document may withdraw consent for future consent-based processing, request correction or erasure when the stated purpose has ended, or raise a grievance by writing to __________. The record-holder should acknowledge and respond within 30 days.
Data minimisation: this document deliberately does not require a full Aadhaar number, Aadhaar-card copy, passwords or bank credentials. Identity, PAN and lender information should be collected only where the stated transfer, tax or KYC purpose actually requires it.
Personal-data instruction: __________.
Record-holder: __________