by Ethan Atkinson | Jan 17, 2026 | A-E, PropertyPedia
Those to whom property or interests therein shall have been transferred. An assignee is the person or entity that receives and takes over another party’s rights under a contract through an assignment. For example, if a buyer under a purchase agreement assigns the...
by Ethan Atkinson | Jan 17, 2026 | A-E, PropertyPedia
One who assigns or transfers property. In real estate contract law, an assignor is the person or entity that transfers their rights and, in some cases, their obligations under a contract to another party through an assignment. For example, if a buyer under a purchase...
by Ethan Atkinson | Jan 17, 2026 | A-E, PropertyPedia
An assignment is a transfer to another of any property, real or personal, or of any rights or estates in said property. In real estate contract law, an assignment is the transfer of a party’s rights and obligations under a contract to another person or entity. This...
by Ethan Atkinson | Jan 17, 2026 | A-E, PropertyPedia
An area whose boundaries are set for tax assessment purposes only. An assessment district is a defined geographic area where property owners are charged an additional fee or tax to help pay for specific public improvements or services that benefit that area. These...
by Ethan Atkinson | Jan 17, 2026 | A-E, PropertyPedia
An assessment is an estimate of value for tax purposes. Also referred to as assessed valuation. An assessment is a value assigned to a property, most commonly by a local government, for the purpose of calculating property taxes. This assessed value is typically...
by Ethan Atkinson | Jan 17, 2026 | A-E, PropertyPedia
The price at which the seller is offering property for sale. The asking price is the amount of money a seller lists a property for when it is put on the market, and it serves as the starting point for buyer interest and negotiations. The asking price is usually based...
