Difference between Assignment and Novation – HDB for rent in Singapore
The difference between Assignment and Novation is very small. The main difference for the Assignment is that consent or agreement of the third party is not necessary. Novation requires the consent or agreement of the third party. HDB for rent in Singapore.
Even if an agreement is termed as an assignment agreement signed by 2 parties only, so long as it involves getting the consent of a third party such as the landlord, it is actually a Novation agreement.
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