What does Assignor mean?

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.

Related Terms

Fair Credit Reporting Act. Tax Sale Building Permit Assignment/Subletting Designer Use (In a Lease) Fixed Time Extension Option Subdivision Farmer's Home Administration Semi-Custom Home Judgment Inspection Contingency Occupancy Cost Multi Listing Services Inspection report Owner Financing Foreclosure