Assigning a Pre-Construction Contract in Miami

An assignment lets the original buyer transfer their purchase contract — and their equity in it — to a new buyer before closing, without ever taking title themselves. Some Miami developers allow this; many restrict or prohibit it.

What typically determines assignability

• The purchase agreement's specific assignment clause — this is developer- and sometimes phase-specific
• Any assignment fee payable to the developer
• Whether the developer must approve the assignee
• Timing restrictions (for example, no assignments within a set period before closing)

Why it matters for buyers

If part of your strategy depends on the ability to sell your contract before closing, assignment rights should be confirmed — and understood in detail — before you sign, not after. Policies differ meaningfully even between buildings by the same developer. Ask Diego about assignment policy for any specific project.