This Standard Document contains provisions to incorporate an assumption of the delegated obligations and an optional novation into the assignment agreement. I have a Contested Motion.RAAC reserves the right to take back a property in the event that an applicant fails to complete the plans within the agreed upon period of time. The Borrower must submit proof that the Bureau of Building. Once an application is determined complete, it will undergo a review process that typically takes a minimum of four months. Get to grips with assumption agreements. This simple guide explains their purpose, key elements, and how they affect your business dealings.