Real Estate Glossary

What is Assignor?

An Assignor is the person or entity who transfers their rights and responsibilities under a lease or rental agreement to another person or entity. In the context of real estate, an assignor would be the original tenant who is transferring their rights and responsibilities under a lease or rental agreement to a new tenant. The assignor is typically responsible for finding a qualified and suitable assignee, and for ensuring that the assignment is done in accordance with the terms of the lease or rental agreement.

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