Here’s a clear, practical summary of how Back to Back Assignments or it is sometimes called as Double Settlement works and what to watch out for: 🔑 What this agreement is It’s a “back-to-back” (double settlement) property agreement, where: •Party A (Bodrum Property Group Ltd - in this case for instance) acts as an intermediary. •Party B is the seller •Party C is the end buyer The structure allows Party A to: 1. Secure the property at a lower Option Price 2.Sell it on at a higher End Buyer Price 3.Complete both transactions on the same day and keep the difference as profit [1]1 💸 How the money flows On completion: •Party C pays full purchase price to Party A’s solicitor •Party A’s solicitor pays Party B the agreed Option Price •The remaining balance = Party A’s profit [1]1 👉 Important: The seller explicitly agrees they do NOT get any share of this profit [1]1 ⏱️ Exclusivity (very important) •Seller gives Party A 60 days exclusive rights to sell the property. •During this period, the seller: •Cannot market the property elsewhere •Cannot accept other offers •Cannot instruct agents or brokers [1]1 👉 If they breach this, Party A can seek legal action (damages or injunction). 🔁 Flexibility for you (Assignment clause) Party A has a very strong advantage: •Can assign the deal to another buyer without seller consent •Can bring in another investor/assignee if needed [1]1 🔄 How the deal actually works: •Party A finds a buyer (Party C) at a higher price •Solicitors arrange simultaneous completion •Ownership transfers and funds move in one coordinated process [1]1 👉 This avoids Party A needing their own funds to buy first ⚖️ Key obligations: Party A (you / intermediary) •Find a buyer within 60 days •Drive the deal forward with solicitors •Comply with AML/KYC rules [1]1 Party B (seller): •Must cooperate fully •Provide documents + not delay the deal •Complete sale if contracts exchanged [1]1 Party C (buyer): •Show funds / mortgage