• Coaching Team
  • Student Success

Real Estate Investing Strategies

  • Real Estate Business
  • Real Estate Markets
  • Real Estate Financing
  • REITs & Stock Investing

How To Navigate The Real Estate Assignment Contract

assignment house definition

What is assignment of contract?

Assignment of contract vs double close

How to assign a contract

Assignment of contract pros and cons

Even the most left-brained, technical real estate practitioners may find themselves overwhelmed by the legal forms that have become synonymous with the investing industry. The assignment of contract strategy, in particular, has developed a confusing reputation for those unfamiliar with the concept of wholesaling. At the very least, there’s a good chance the “assignment of contract real estate” exit strategy sounds more like a foreign language to new investors than a viable means to an end.

A real estate assignment contract isn’t as complicated as many make it out to be, nor is it something to shy away from because of a lack of understanding. Instead, new investors need to learn how to assign a real estate contract as this particular exit strategy represents one of the best ways to break into the industry.

In this article, we will break down the elements of a real estate assignment contract, or a real estate wholesale contract, and provide strategies for how it can help investors further their careers. [ Thinking about investing in real estate? Register to attend a FREE online real estate class and learn how to get started investing in real estate. ]

What Is A Real Estate Assignment Contract?

A real estate assignment contract is a wholesale strategy used by real estate investors to facilitate the sale of a property between an owner and an end buyer. As its name suggests, contract assignment strategies will witness a subject property owner sign a contract with an investor that gives them the rights to buy the home. That’s an important distinction to make, as the contract only gives the investor the right to buy the home; they don’t actually follow through on a purchase. Once under contract, however, the investor retains the sole right to buy the home. That means they may then sell their rights to buy the house to another buyer. Therefore, when a wholesaler executes a contact assignment, they aren’t selling a house but rather their rights to buy a house. The end buyer will pay the wholesale a small assignment fee and buy the house from the original buyer.

The real estate assignment contract strategy is only as strong as the contracts used in the agreement. The language used in the respective contract is of the utmost importance and should clearly define what the investors and sellers expect out of the deal.

There are a couple of caveats to keep in mind when considering using sales contracts for real estate:

Contract prohibitions: Make sure the contract you have with the property seller does not have prohibitions for future assignments. This can create serious issues down the road. Make sure the contract is drafted by a lawyer that specializes in real estate assignment contract law.

Property-specific prohibitions: HUD homes (property obtained by the Department of Housing and Urban Development), real estate owned or REOs (foreclosed-upon property), and listed properties are not open to assignment contracts. REO properties, for example, have a 90-day period before being allowed to be resold.

assignment fee

What Is An Assignment Fee In Real Estate?

An assignment fee in real estate is the money a wholesaler can expect to receive from an end buyer when they sell them their rights to buy the subject property. In other words, the assignment fee serves as the monetary compensation awarded to the wholesaler for connecting the original seller with the end buyer.

Again, any contract used to disclose a wholesale deal should be completely transparent, and including the assignment fee is no exception. The terms of how an investor will be paid upon assigning a contract should, nonetheless, be spelled out in the contract itself.

The standard assignment fee is $5,000. However, every deal is different. Buyers differ on their needs and criteria for spending their money (e.g., rehabbing vs. buy-and-hold buyers). As with any negotiations , proper information is vital. Take the time to find out how much the property would realistically cost before and after repairs. Then, add your preferred assignment fee on top of it.

Traditionally, investors will receive a deposit when they sign the Assignment of Real Estate Purchase and Sale Agreement . The rest of the assignment fee will be paid out upon the deal closing.

Assignment Contract Vs Double Close

The real estate assignment contract strategy is just one of the two methods investors may use to wholesale a deal. In addition to assigning contracts, investors may also choose to double close. While both strategies are essentially variations of a wholesale deal, several differences must be noted.

A double closing, otherwise known as a back-to-back closing, will have investors actually purchase the home. However, instead of holding onto it, they will immediately sell the asset without rehabbing it. Double closings aren’t as traditional as fast as contract assignment, but they can be in the right situation. Double closings can also take as long as a few weeks. In the end, double closings aren’t all that different from a traditional buy and sell; they transpire over a meeter of weeks instead of months.

Assignment real estate strategies are usually the first option investors will want to consider, as they are slightly easier and less involved. That said, real estate assignment contract methods aren’t necessarily better; they are just different. The wholesale strategy an investor chooses is entirely dependent on their situation. For example, if a buyer cannot line up funding fast enough, they may need to initiate a double closing because they don’t have the capital to pay the acquisition costs and assignment fee. Meanwhile, select institutional lenders incorporate language against lending money in an assignment of contract scenario. Therefore, any subsequent wholesale will need to be an assignment of contract.

Double closings and contract assignments are simply two means of obtaining the same end. Neither is better than the other; they are meant to be used in different scenarios.

Flipping Real Estate Contracts

Those unfamiliar with the real estate contract assignment concept may know it as something else: flipping real estate contracts; if for nothing else, the two are one-in-the-same. Flipping real estate contracts is simply another way to refer to assigning a contract.

Is An Assignment Of Contract Legal?

Yes, an assignment of contract is legal when executed correctly. Wholesalers must follow local laws regulating the language of contracts, as some jurisdictions have more regulations than others. It is also becoming increasingly common to assign contracts to a legal entity or LLC rather than an individual, to prevent objections from the bank. Note that you will need written consent from all parties listed on the contract, and there cannot be any clauses present that violate the law. If you have any questions about the specific language to include in a contract, it’s always a good idea to consult a qualified real estate attorney.

When Will Assignments Not Be Enforced?

In certain cases, an assignment of contract will not be enforced. Most notably, if the contract violates the law or any local regulations it cannot be enforced. This is why it is always encouraged to understand real estate laws and policy as soon as you enter the industry. Further, working with a qualified attorney when crafting contracts can be beneficial.

It may seem obvious, but assignment contracts will not be enforced if the language is used incorrectly. If the language in a contract contradicts itself, or if the contract is not legally binding it cannot be enforced. Essentially if there is any anti-assignment language, this can void the contract. Finally, if the assignment violates what is included under the contract, for example by devaluing the item, the contract will likely not be enforced.

How To Assign A Real Estate Contract

A wholesaling investment strategy that utilizes assignment contracts has many advantages, one of them being a low barrier-to-entry for investors. However, despite its inherent profitability, there are a lot of investors that underestimate the process. While probably the easiest exit strategy in all of real estate investing, there are a number of steps that must be taken to ensure a timely and profitable contract assignment, not the least of which include:

Find the right property

Acquire a real estate contract template

Submit the contract

Assign the contract

Collect the fee

1. Find The Right Property

You need to prune your leads, whether from newspaper ads, online marketing, or direct mail marketing. Remember, you aren’t just looking for any seller: you need a motivated seller who will sell their property at a price that works with your investing strategy.

The difference between a regular seller and a motivated seller is the latter’s sense of urgency. A motivated seller wants their property sold now. Pick a seller who wants to be rid of their property in the quickest time possible. It could be because they’re moving out of state, or they want to buy another house in a different area ASAP. Or, they don’t want to live in that house anymore for personal reasons. The key is to know their motivation for selling and determine if that intent is enough to sell immediately.

With a better idea of who to buy from, wholesalers will have an easier time exercising one of several marketing strategies:

Direct Mail

Real Estate Meetings

Local Marketing

2. Acquire A Real Estate Contract Template

Real estate assignment contract templates are readily available online. Although it’s tempting to go the DIY route, it’s generally advisable to let a lawyer see it first. This way, you will have the comfort of knowing you are doing it right, and that you have counsel in case of any legal problems along the way.

One of the things proper wholesale real estate contracts add is the phrase “and/or assigns” next to your name. This clause will give you the authority to sell the property or assign the property to another buyer.

You do need to disclose this to the seller and explain the clause if needed. Assure them that they will still get the amount you both agreed upon, but it gives you deal flexibility down the road.

3. Submit The Contract

Depending on your state’s laws, you need to submit your real estate assignment contract to a title company, or a closing attorney, for a title search. These are independent parties that look into the history of a property, seeing that there are no liens attached to the title. They then sign off on the validity of the contract.

4. Assign The Contract

Finding your buyer, similar to finding a seller, requires proper segmentation. When searching for buyers, investors should exercise several avenues, including online marketing, listing websites, or networking groups. In the real estate industry, this process is called building a buyer’s list, and it is a crucial step to finding success in assigning contracts.

Once you have found a buyer (hopefully from your ever-growing buyer’s list), ensure your contract includes language that covers earnest money to be paid upfront. This grants you protection against a possible breach of contract. This also assures you that you will profit, whether the transaction closes or not, as earnest money is non-refundable. How much it is depends on you, as long as it is properly justified.

5. Collect The Fee

Your profit from a deal of this kind comes from both your assignment fee, as well as the difference between the agreed-upon value and how much you sell it to the buyer. If you and the seller decide you will buy the property for $75,000 and sell it for $80,000 to the buyer, you profit $5,000. The deal is closed once the buyer pays the full $80,000.

real estate assignment contract

Assignment of Contract Pros

For many investors, the most attractive benefit of an assignment of contract is the ability to profit without ever purchasing a property. This is often what attracts people to start wholesaling, as it allows many to learn the ropes of real estate with relatively low stakes. An assignment fee can either be determined as a percentage of the purchase price or as a set amount determined by the wholesaler. A standard fee is around $5,000 per contract.

The profit potential is not the only positive associated with an assignment of contract. Investors also benefit from not being added to the title chain, which can greatly reduce the costs and timeline associated with a deal. This benefit can even transfer to the seller and end buyer, as they get to avoid paying a real estate agent fee by opting for an assignment of contract. Compared to a double close (another popular wholesaling strategy), investors can avoid two sets of closing costs. All of these pros can positively impact an investor’s bottom line, making this a highly desirable exit strategy.

Assignment of Contract Cons

Although there are numerous perks to an assignment of contract, there are a few downsides to be aware of before searching for your first wholesale deal. Namely, working with buyers and sellers who may not be familiar with wholesaling can be challenging. Investors need to be prepared to familiarize newcomers with the process and be ready to answer any questions. Occasionally, sellers will purposely not accept an assignment of contract situation. Investors should occasionally expect this, as to not get discouraged.

Another obstacle wholesalers may face when working with an assignment of contract is in cases where the end buyer wants to back out. This can happen if the buyer is not comfortable paying the assignment fee, or if they don’t have owner’s rights until the contract is fully assigned. The best way to protect yourself from situations like this is to form a reliable buyer’s list and be upfront with all of the information. It is always recommended to develop a solid contract as well.

Know that not all properties can be wholesaled, for example HUD houses. In these cases, there are often anti-assigned clauses preventing wholesalers from getting involved. Make sure you know how to identify these properties so you don’t waste your time. Keep in mind that while there are cons to this real estate exit strategy, the right preparation can help investors avoid any big challenges.

Assignment of Contract Template

If you decide to pursue a career wholesaling real estate, then you’ll want the tools that will make your life as easy as possible. The good news is that there are plenty of real estate tools and templates at your disposal so that you don’t have to reinvent the wheel! For instance, here is an assignment of contract template that you can use when you strike your first deal.

As with any part of the real estate investing trade, no single aspect will lead to success. However, understanding how a real estate assignment of contract works is vital for this business. When you comprehend the many layers of how contracts are assigned—and how wholesaling works from beginning to end—you’ll be a more informed, educated, and successful investor.

Click the banner below to take a 90-minute online training class and get started learning how to invest in today’s real estate market!

assignment house definition

What is a Real Estate Fund of Funds (FoF)?

Reits vs real estate: which is the better investment, multi-family vs. single-family property investments: a comprehensive guide, what is reverse wholesaling: a guide for real estate investors, what is a turnkey property: a guide for real estate investors, equity in real estate explained.

Assignment (Real Estate) Definition

Investing Strategy

Investing Strategy , Jargon, Legal, Terminology, Title

Table of Contents

  • What Is an Assignment?
  • What is an Assignment in Real Estate?
  • What Does it Mean to Assign a Contract in Real Estate?
  • How Does a Contract Assignment Work?
  • Pros and Cons of Assigning Contracts

REtipster does not provide legal advice. The information in this article can be impacted by many unique variables. Always consult with a qualified legal professional before taking action.

In real estate terms, an assignment of contract is a way to profit from a real estate transaction without ever becoming the owner of the property.

The assignment method is a standard tool in a real estate wholesaler’s kit and lowers the barrier to entry for a real estate investor because it does not require the wholesaler to use much (or any) of their own money to profit from a deal.

Contract assignment is a common wholesaling strategy where the seller and the wholesaler (i.e. – middleman) sign an agreement giving the wholesaler the sole right to buy a property at a specified price, within a certain period of time.

The wholesaler then finds another buyer and assigns the contract to him or her. The wholesaler isn’t selling the property to the end buyer because the wholesaler never takes title to the property during the process. The wholesaler is simply selling the contract , which gives the end buyer the right to buy the property in accordance with the original purchase agreement.

In doing this, the wholesaler can earn an assignment fee for putting the deal together.

Some states require a real estate wholesaler to be a licensed real estate agent, and the assignment strategy can’t be used for HUD homes and REOs.

The process for assigning a contract follows some common steps.

Find the Right Property

This is where the heavy lifting happens—investors use many different marketing tactics to find leads and identify properties that work with their investing strategy. Typically, for wholesaling to work, a wholesaler needs a motivated seller who wants to unload the property as soon as possible. That sense of urgency works to the wholesaler’s advantage in negotiating a price that will be attractive to buyers and cover their assignment fee.

RELATED: What is “Driving for Dollars” and How Does It Work?

Get a Purchase Agreement Signed

Once a motivated seller has agreed to sell their property at a discounted price, they will sign a purchase agreement with the wholesaler. The purchase agreement needs to contain language that clearly allows the buyer to assign their rights in the agreement to a third party . Most standard purchase agreements do not include this language by default, so if the buyer plans to sell/assign the contract, they need to make sure this language is included (note: talk with an attorney to make sure the language included and explained correctly).

RELATED: Wholesaling Made Simple! A Comprehensive Guide to Assigning Contracts

Communicate, Communicate, Communicate

From the very beginning, it’s important for a wholesaler to communicate with their seller about their intent to assign the contract. Many sellers are not familiar with the assignment process, so if the role of the buyer is going to change along the way, the seller needs to be aware of this at or before the time they sign the original purchase agreement .

Find an End Buyer

This is the other half of a wholesaler’s job – marketing to find buyers. Once a buyer has been found, the wholesaler can assign the contract to the new party and work with both the original seller and the end buyer to schedule a closing date.

The assignment is done through a simple “Assignment Agreement” and it allows the new buyer to step into the wholesaler’s shoes as the buyer in the original contract.

While this document technically replaces the wholesaler with the new end buyer, the wholesaler doesn’t get paid until the deal is closed.

Most assignment contracts include language for a nonrefundable deposit from the end buyer, which protects the wholesaler in case the buyer backs out. Although it’s possible to download assignment contract templates online, this is one situation where most experts recommend having your contracts reviewed by an attorney. The assignment wording has to be precise and in accordance with your state laws; having an attorney review your contract protects you against any issues down the road.

Close the Transaction, Assign the Contract & Collect the Assignment Fee

Wholesalers get paid once the end buyer closes the deal. The assignment fee can be a flat amount, a percentage of the purchase price or the difference between the original purchase price and the end buyer’s purchase price.

With an assignment transaction, the end buyer will see precisely how much the wholesaler is getting paid because the end buyer has to sign the closing statement (which states the purchase price from the seller) and the Assignment Agreement (which clearly states the assignment fee being paid to the wholesaler).

If the assignment fee is a reasonable amount relative to the purchase price, most serious investors won’t have any qualms about paying this. If, however, the assignment fee is very large relative to the original purchase price (e.g. – if the original seller agreed to sell their property for $10,000, the wholesaler is collecting an assignment fee of $20,000, and the property is worth $50,000), some end buyers may take issue with this.

In cases where the wholesaler has a substantially higher profit margin, a double closing or a traditional closing is a safer way to close a wholesale transaction. When there are two separate closings taking place, the seller and buyer are not able to see the numbers and overall profit margin being made by the wholesaler between the two transactions.

According to UpCounsel, most contract assignments are done for about $5,000, although depending on the property and the market, it could be higher or lower.

Assigning contracts is a way to lower the barrier to entry for many new real estate investors; because they don’t need to put up their own money to buy a property or assume any risk in financing a deal.

The wholesaler isn’t part of the title chain, which streamlines the process and avoids the hassle of closing two times. Compared to the double-close strategy, assignment contracts require less paperwork and are usually less costly (because there is only one closing occurring, rather than two separate transactions).

On the downside, the wholesaler has to sell the property as-is, because they don’t own it at any point and they cannot make repairs or renovations to make the property look more attractive to a potential buyer. Financing may be much more difficult for the end buyer because many mortgage lenders won’t work with assigned contracts. Purchase Agreements also have expiration dates, which means the wholesaler has a limited window of time to find an end buyer and get the deal done.

Being successful with assignment contracts usually comes down to excellent marketing, networking, and communication between all parties involved. It’s all about developing strategies to find the right properties and having a solid network of investors you can assign them to quickly.

It’s also critical to be aware of any applicable laws in the jurisdiction where the wholesaler is working and holding any licenses required for these kinds of real estate transactions.

Related terms

Double closing, wholesaling (real estate wholesaling), transactional funding.

Bonus:  Get a FREE copy of the INVESTOR HACKS ebook when you subscribe!

Free Subscriber Toolbox

Want to learn about the tools I’ve used to make over $40,000 per deal ? Get immediate access to videos, guides, downloads, and more resources for real estate investing domination. Sign up below for free and get access forever.

Join our growing community


Welcome to REtipster.com

We noticed you are using an ad blocker.

We get it, too much advertising can be annoying.

Our few advertisers help us continue bringing lots of great content to you for FREE.

Please add REtipster.com to your Ad Blocker white list, to receive full access to website functionality.

Thank you for supporting. We promise you will find ample value from our website. 

Thanks for contacting us! We will get in touch with you shortly.

  • Bankruptcy Basics
  • Chapter 11 Bankruptcy
  • Chapter 13 Bankruptcy
  • Chapter 7 Bankruptcy
  • Debt Collectors and Consumer Rights
  • Divorce and Bankruptcy
  • Going to Court
  • Property & Exemptions
  • Student Loans
  • Taxes and Bankruptcy
  • Wage Garnishment

Understanding the Assignment of Mortgages: What You Need To Know

3 minute read • Upsolve is a nonprofit tool that helps you file bankruptcy for free.  Think TurboTax for bankruptcy. Get free education, customer support, and community. Featured in Forbes 4x and funded by institutions like Harvard University so we'll never ask you for a credit card.  Explore our free tool

A mortgage is a legally binding agreement between a home buyer and a lender that dictates a borrower's ability to pay off a loan. Every mortgage has an interest rate, a term length, and specific fees attached to it.

Attorney Todd Carney

Written by Attorney Todd Carney .  Updated November 26, 2021

If you’re like most people who want to purchase a home, you’ll start by going to a bank or other lender to get a mortgage loan. Though you can choose your lender, after the mortgage loan is processed, your mortgage may be transferred to a different mortgage servicer . A transfer is also called an assignment of the mortgage. 

No matter what it’s called, this change of hands may also change who you’re supposed to make your house payments to and how the foreclosure process works if you default on your loan. That’s why if you’re a homeowner, it’s important to know how this process works. This article will provide an in-depth look at what an assignment of a mortgage entails and what impact it can have on homeownership.

Assignment of Mortgage – The Basics

When your original lender transfers your mortgage account and their interests in it to a new lender, that’s called an assignment of mortgage. To do this, your lender must use an assignment of mortgage document. This document ensures the loan is legally transferred to the new owner. It’s common for mortgage lenders to sell the mortgages to other lenders. Most lenders assign the mortgages they originate to other lenders or mortgage buyers.

Home Loan Documents

When you get a loan for a home or real estate, there will usually be two mortgage documents. The first is a mortgage or, less commonly, a deed of trust . The other is a promissory note. The mortgage or deed of trust will state that the mortgaged property provides the security interest for the loan. This basically means that your home is serving as collateral for the loan. It also gives the loan servicer the right to foreclose if you don’t make your monthly payments. The promissory note provides proof of the debt and your promise to pay it.

When a lender assigns your mortgage, your interests as the mortgagor are given to another mortgagee or servicer. Mortgages and deeds of trust are usually recorded in the county recorder’s office. This office also keeps a record of any transfers. When a mortgage is transferred so is the promissory note. The note will be endorsed or signed over to the loan’s new owner. In some situations, a note will be endorsed in blank, which turns it into a bearer instrument. This means whoever holds the note is the presumed owner.

Using MERS To Track Transfers

Banks have collectively established the Mortgage Electronic Registration System , Inc. (MERS), which keeps track of who owns which loans. With MERS, lenders are no longer required to do a separate assignment every time a loan is transferred. That’s because MERS keeps track of the transfers. It’s crucial for MERS to maintain a record of assignments and endorsements because these land records can tell who actually owns the debt and has a legal right to start the foreclosure process.

Upsolve User Experiences

Bridgette Smith

Assignment of Mortgage Requirements and Effects

The assignment of mortgage needs to include the following:

The original information regarding the mortgage. Alternatively, it can include the county recorder office’s identification numbers. 

The borrower’s name.

The mortgage loan’s original amount.

The date of the mortgage and when it was recorded.

Usually, there will also need to be a legal description of the real property the mortgage secures, but this is determined by state law and differs by state.

Notice Requirements

The original lender doesn’t need to provide notice to or get permission from the homeowner prior to assigning the mortgage. But the new lender (sometimes called the assignee) has to send the homeowner some form of notice of the loan assignment. The document will typically provide a disclaimer about who the new lender is, the lender’s contact information, and information about how to make your mortgage payment. You should make sure you have this information so you can avoid foreclosure.

Mortgage Terms

When an assignment occurs your loan is transferred, but the initial terms of your mortgage will stay the same. This means you’ll have the same interest rate, overall loan amount, monthly payment, and payment due date. If there are changes or adjustments to the escrow account, the new lender must do them under the terms of the original escrow agreement. The new lender can make some changes if you request them and the lender approves. For example, you may request your new lender to provide more payment methods.

Taxes and Insurance

If you have an escrow account and your mortgage is transferred, you may be worried about making sure your property taxes and homeowners insurance get paid. Though you can always verify the information, the original loan servicer is responsible for giving your local tax authority the new loan servicer’s address for tax billing purposes. The original lender is required to do this after the assignment is recorded. The servicer will also reach out to your property insurance company for this reason.  

If you’ve received notice that your mortgage loan has been assigned, it’s a good idea to reach out to your loan servicer and verify this information. Verifying that all your mortgage information is correct, that you know who to contact if you have questions about your mortgage, and that you know how to make payments to the new servicer will help you avoid being scammed or making payments incorrectly.

Let's Summarize…

In a mortgage assignment, your original lender or servicer transfers your mortgage account to another loan servicer. When this occurs, the original mortgagee or lender’s interests go to the next lender. Even if your mortgage gets transferred or assigned, your mortgage’s terms should remain the same. Your interest rate, loan amount, monthly payment, and payment schedule shouldn’t change. 

Your original lender isn’t required to notify you or get your permission prior to assigning your mortgage. But you should receive correspondence from the new lender after the assignment. It’s important to verify any change in assignment with your original loan servicer before you make your next mortgage payment, so you don’t fall victim to a scam.

Attorney Todd Carney

Attorney Todd Carney is a writer and graduate of Harvard Law School. While in law school, Todd worked in a clinic that helped pro-bono clients file for bankruptcy. Todd also studied several aspects of how the law impacts consumers. Todd has written over 40 articles for sites such... read more about Attorney Todd Carney

Continue reading and learning!

Successful debtor 1

It's easy to get help

Choose one of the options below to get assistance with your bankruptcy:

Upsolve app demo

Free Web App

Take our screener to see if Upsolve is right for you.

Private Attorney

Get a free bankruptcy evaluation from an independent law firm.

Learning Center

Research and understand your options with our articles and guides.

Already an Upsolve user?

Bankruptcy Basics ➜

  • What Is Bankruptcy?
  • Every Type of Bankruptcy Explained
  • How To File Bankruptcy for Free: A 10-Step Guide
  • Can I File for Bankruptcy Online?

Chapter 7 Bankruptcy ➜

  • What Are the Pros and Cons of Filing Chapter 7 Bankruptcy?
  • What Is Chapter 7 Bankruptcy & When Should I File?
  • Chapter 7 Means Test Calculator

Wage Garnishment ➜

  • How To Stop Wage Garnishment Immediately

Property & Exemptions ➜

  • What Are Bankruptcy Exemptions?
  • Chapter 7 Bankruptcy: What Can You Keep?
  • Yes! You Can Get a Mortgage After Bankruptcy
  • How Long After Filing Bankruptcy Can I Buy a House?
  • Can I Keep My Car If I File Chapter 7 Bankruptcy?
  • Can I Buy a Car After Bankruptcy?
  • Should I File for Bankruptcy for Credit Card Debt?
  • How Much Debt Do I Need To File for Chapter 7 Bankruptcy?
  • Can I Get Rid of my Medical Bills in Bankruptcy?

Student Loans ➜

  • Can You File Bankruptcy on Student Loans?
  • Can I Discharge Private Student Loans in Bankruptcy?
  • Navigating Financial Aid During and After Bankruptcy: A Step-by-Step Guide
  • Filing Bankruptcy to Deal With Your Student Loan Debt? Here Are 3 Things You Should Know!

Debt Collectors and Consumer Rights ➜

  • 3 Steps To Take if a Debt Collector Sues You
  • How To Deal With Debt Collectors (When You Can’t Pay)

Taxes and Bankruptcy ➜

  • What Happens to My IRS Tax Debt if I File Bankruptcy?
  • What Happens to Your Tax Refund in Bankruptcy

Chapter 13 Bankruptcy ➜

  • Chapter 7 vs. Chapter 13 Bankruptcy: What’s the Difference?
  • Why is Chapter 13 Probably A Bad Idea?
  • How To File Chapter 13 Bankruptcy: A Step-by-Step Guide
  • What Happens When a Chapter 13 Case Is Dismissed?

Going to Court ➜

  • Do You Have to Go To Court to File Bankruptcy?
  • Telephonic Hearings in Bankruptcy Court

Divorce and Bankruptcy ➜

  • How to File Bankruptcy After a Divorce
  • Chapter 13 and Divorce

Chapter 11 Bankruptcy ➜

  • Chapter 7 vs. Chapter 11 Bankruptcy
  • Reorganizing Your Debt? Chapter 11 or Chapter 13 Bankruptcy Can Help!

State Guides ➜

  • Connecticut
  • District Of Columbia
  • Massachusetts
  • Mississippi
  • New Hampshire
  • North Carolina
  • North Dakota
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • West Virginia

Legal Services Corporation

Upsolve is a 501(c)(3) nonprofit that started in 2016 . Our mission is to help low-income families who cannot afford lawyers file bankruptcy for free, using an online web app. Our team includes lawyers, engineers, and judges. We have world-class funders that include the U.S. government, former Google CEO Eric Schmidt, and leading foundations. It's one of the greatest civil rights injustices of our time that low-income families can't access their basic rights when they can't afford to pay for help. Combining direct services and advocacy, we're fighting this injustice.

To learn more, read why we started Upsolve in 2016, our reviews from past users, and our press coverage from places like the New York Times and Wall Street Journal.

Assets America

  • Deals Funded
  • Deals in Process


An assignment clause (AC) is an important part of many contracts, especially for real estate. In this article we discuss:

  • What is an Assignment Clause? (with Example)
  • Anti-Assignment Clauses (with Example)
  • Non-Assignment Clauses
  • Important Considerations
  • How Assets America ® Can Help

Frequently Asked Questions

What is an assignment clause.

An AC is part of a contract governing the sale of a property and other transactions. It deals with questions regarding the assignment of the property in the purchase agreement. The thrust of the assignment clause is that the buyer can rent, lease, repair, sell, or assign the property.

To “assign” simply means to hand off the benefits and obligations of a contract from one party to another. In short, it’s the transfer of contractual rights.

In-Depth Definition

Explicitly, an AC expresses the liabilities surrounding the assignment from the assignor to the assignee. The real estate contract assignment clause can take on two different forms, depending on the contract author:

  • The AC states that the assignor makes no representations or warranties about the property or the agreement. This makes the assignment “AS IS.”
  • The assignee won’t hold the assignor at fault. It protects the assignor from damages, liabilities, costs, claims, or other expenses stemming from the agreement.

The contract’s assignment clause states the “buyer and/or assigns.” In this clause, “assigns” is a noun that means assignees. It refers to anyone you choose to receive your property rights.

The assignment provision establishes the fact that the buyer (who is the assignor) can assign the property to an assignee. Upon assignment, the assignee becomes the new buyer.

The AC conveys to the assignee both the AC’s property rights and the AC’s contract obligations. After an assignment, the assignor is out of the picture.

What is a Lease Assignment?

Assignment Clause Example

This is an example of a real estate contract assignment clause :

“The Buyer reserves the right to assign this contract in whole or in part to any third party without further notice to the Seller; said assignment not to relieve the Buyer from his or her obligation to complete the terms and conditions of this contract should be assigning default.”

Apply For Financing

Assignment provision.

An assignment provision is a separate clause that states the assignee’s acceptance of the contract assignment.

Assignment Provision Example

Here is an example of an assignment provision :

“Investor, as Assignee, hereby accepts the above and foregoing Assignment of Contract dated XXXX, XX, 20XX by and between Assignor and ____________________ (seller) and agrees to assume all of the obligations and perform all of the duties of Assignor under the Contract.”

Anti-Assignment Clauses & Non-Assignment Clauses

An anti-assignment clause prevents either party from assigning a contract without the permission of the other party. It typically does so by prohibiting payment for the assignment. A non-assignment clause is another name for an anti-assignment clause.

Anti-Assignment Clause Example

This is an anti-assignment clause example from the AIA Standard Form of Agreement:

” The Party 1 and Party 2, respectively, bind themselves, their partners, successors, assigns, and legal representatives to the other party to this Agreement and to the partners, successors, assigns, and legal representatives of such other party with respect to all covenants of this Agreement. Neither Party 1 nor Party 2 shall assign this Agreement without the written consent of the other.”

Important Considerations for Assignment Contracts

The presence of an AC triggers several important considerations.

Assignment Fee

In essence, the assignor is a broker that brings together a buyer and seller. As such, the assignor collects a fee for this service. Naturally, the assignor doesn’t incur the normal expenses of a buyer.

Rather, the new buyer assumes those expenses. In reality, the assignment fee replaces the fee the realtor or broker would charge in a normal transaction. Frequently, the assignment fee is less than a regular brokerage fee.

For example, compare a 2% assignment fee compared to a 6% brokerage fee. That’s a savings of $200,000 on a $5 million purchase price. Wholesalers are professionals who earn a living through assignments.

Frequently, the assignor will require that the assignee deposit the fee into escrow. Typically, the fee is not refundable, even if the assignee backs out of the deal after signing the assignment provision. In some cases, the assignee will fork over the fee directly to the assignor.

Assignor Intent

Just because the contract contains an AC does not obligate the buyer to assign the contract. The buyer remains the buyer unless it chooses to exercise the AC, at which point it becomes the assignor. It is up to the buyer to decide whether to go through with the purchase or assign the contract.

Nonetheless, the AC signals the seller of your possible intent to assign the purchase contract to someone else. For one thing, the seller might object if you try to assign the property without an AC.

You can have serious problems at closing if you show up with a surprise assignee. In fact, you could jeopardize the entire deal.

Another thing to consider is whether the buyer’s desire for an AC in the contract will frighten the seller. Perhaps the seller is very picky about the type of buyer to whom it will sell.

Or perhaps the seller has heard horror stories, real or fake, about assignments. Whatever the reason, the real estate contract assignment clause might put a possible deal in jeopardy.

Chain of Title

If you assign a property before the closing, you will not be in the chain of title. Obviously, this differs from the case in which you sell the property five minutes after buying it.

In the latter case, your name will appear in the chain of title twice, once as the buyer and again as the seller. In addition, the latter case would involve two sets of closing costs, whereas there would only one be for the assignment case. This includes back-to-back (or double) closings.


Assignment might not be enforceable in all situations, such as when:

  • State law or public policy prohibits it.
  • The contract prohibits it.
  • The assignment significantly changes the expectations of the seller. Those expectations can include decreasing the value of the property or increasing the risk of default.

Also note that REO (real estate owned) properties, HUD properties, and listed properties usually don’t permit assignment contracts. An REO property is real estate owned by a bank after foreclosure. Typically, these require a 90-day period before a property can be resold.

How Assets America Can Help

The AC is a portion of a purchase agreement. When a purchase involves a commercial property requiring a loan of $10 million or greater, Assets America ® can arrange your financing.

We can finance wholesalers who decide to go through with a purchase. Alternatively, we can finance assignees as well. In either case, we offer expedient, professional financing and many supporting services. Contact us today for a confidential consultation.

What rights can you assign despite a contract clause expressly prohibiting assignment?

Normally, a prohibition against assignment does not curb the right to receive payments due. However, circumstances may cause the opposite outcome. Additionally, prohibition doesn’t prevent the right to money that the contract specifies is due.

What is the purpose of an assignment of rents clause in a deed of trust and who benefits?

The assignment of rents clause is a provision in a mortgage or deed of trust. It gives the lender the right to collect rents from mortgaged properties if the borrower defaults. All incomes and rents from a secured property flow to the lender and offset the outstanding debt. Clearly, this benefits the lender.

What is in assignment clause in a health insurance contract?

Commonly, health insurance policies contain assignment of benefits (AOB) clauses. These clauses allow the insurer to pay benefits directly to health care providers instead of the patient. In some cases, the provider has the patient sign an assignment agreement that accomplishes the same outcome. The provider submits the AOB agreement along with the insurance claim.

What does “assignment clause” mean for liability insurance?

The clause would allow the assignment of proceeds from a liability award payable to a third party. However, the insured must consent to the clause or else it isn’t binding. This restriction applies only before a loss. After a first party loss, the insurer’s consent no longer matters.

Related Articles

  • Intercreditor Agreements – Everything You Need to Know
  • Alienation Clause – Everything You Need to Know
  • Loan Defeasance – Everything You Need to Know
  • Cross Default – Complete Guide

Other Resources

  • Adjustable Rate Mortgage
  • Aircraft Financing Terms & Loan – Complete Guide
  • Alienation Clause – Everything You Need to Know
  • ARM Components
  • ARV – After Repair Value – Everything You Need to Know
  • Assignment Clause – Everything You Need to Know
  • Average Daily Rate (ADR) Formula – Complete Guide
  • Balloon Mortgages
  • Blanket Mortgage
  • Cap Rate Simplified for Commercial Real Estate (+ Calculator)
  • Cash Coverage Ratio | Complete Guide + Calculator
  • Cash Out Refinance on Investment Property – Complete Guide
  • Closing Costs
  • CMBS Loans: Guide to Commercial Mortgage-Backed Securities
  • Commercial Adjustable Rate Loan Indexes
  • Commercial Real Estate Appraisals – Everything You Need to Know
  • Commercial Real Estate Syndication – Ultimate Success Guide
  • Contingency Reserve – Everything You Need to Know
  • CRE Loans – What Nobody Tells You About Commercial Lending
  • Cross Default – Everything You Need to Know
  • Debt Service Coverage Ratio
  • Debt vs Equity Financing
  • DIP Financing
  • EBITDA Margin – Ultimate Guide
  • Effective Gross Income (+ Calculator)
  • Equity Kicker – Everything You Need to Know
  • Fixed Rate Loans
  • Full Service Gross Lease – Everything You Need to Know
  • Gap Funding Commercial Real Estate – Pros & Cons
  • Ground Lease – Everything You Need to Know (+ Calculator)
  • Guide to Floor Area Ratio, Floor Space Index & Plot Ratio
  • Hard Costs vs Soft Costs – Commercial Real Estate Guide
  • Hard Money vs Soft Money Loans in Real Estate
  • How Much to Borrow
  • Hypothecation Agreements – Everything You Need to Know
  • Industrial Gross Lease
  • Intercreditor Agreements – Everything You Need to Know
  • Interest Only Mortgage
  • Lines of Business
  • Loan Defeasance
  • Loan Proceeds – Everything You Need To Know
  • Loan to Cost Ratio
  • Loss to Lease – Everything You Need to Know
  • Market Links
  • Master Lease Agreements
  • Master Planned Communities
  • Mergers & Acquisitions Seller Intake Questionnaire
  • Mergers & Acquisitions Buyer Intake Questionnaire
  • Mini Perm Loan – Complete Guide
  • MIRR Guide | Modified Internal Rate of Return (+ Calculator)
  • Modified Gross Lease – Everything You Need to Know
  • Mortgage Programs
  • Net Effective Rent (+ Calculator)
  • Net Income and NOI
  • Net Leases (Single, Double, Triple)
  • Operating Expense Ratio – Ultimate Guide (+ Calculator)
  • Pari Passu – Everything You Need to Know
  • Partially Amortized Loan – Complete Guide
  • Potential Gross Income – Everything You Need to Know
  • Preferred Equity in Real Estate – Complete Investor’s Guide
  • Preferred Shares – Everything You Need to Know
  • Property Interest – Everything You Need to Know
  • Recourse Loans – Complete Guide
  • Restrictive Covenants – Everything You Need to Know
  • Reverse 1031 Exchange – Everything You Need to Know

Ronny was a pleasure to work with and is extremely knowledgeable. His hard work was never ending until the job was done. They handled a complex lease and guided us through entire process, including the paperwork. Not to mention a below market lease rate and more than all the features we needed in a site. We later used Assets America for a unique equipment financing deal where once again Ronny and team exceeded our expectations and our timeline. Thank you to Assets America for your highly professional service!

Great experience with Assets America. Fast turn around. Had a lender in place in 30 minutes looking to do the deal. Totally amazing. Highly recommend them to anyone looking for financing. Ronny is fantastic. Give them a call if the deal makes sense they can get it funded. Referring all our clients.

Assets America guided us every step of the way in finding and leasing our large industrial building with attached offices. They handled all of the complex lease negotiations and contractual paperwork. Ultimately, we received exactly the space we needed along with a lower than market per square foot pricing, lease length and end of term options we requested. In addition to the real estate lease, Assets America utilized their decades-long financial expertise to negotiate fantastic rates and terms on our large and very unique multimillion dollar equipment purchase/lease. We were thankful for how promptly and consistently they kept us informed and up to date on each step of our journey. They were always available to answer each and every one of our questions. Overall, they provided my team with a fantastic and highly professional service!

Assets America was responsible for arranging financing for two of my multi million dollar commercial projects. At the time of financing, it was extremely difficult to obtain bank financing for commercial real estate. Not only was Assets America successful, they were able to obtain an interest rate lower than going rates. The company is very capable, I would recommend Assets America to any company requiring commercial financing.

Assets America was incredibly helpful and professional in assisting us in purchasing our property. It was great to have such knowledgeable and super-experienced, licensed pros in our corner, pros upon which we could fully rely. They helped and successfully guided us to beat out 9 other competing offers! They were excellent at communicating with us at all times and they were extremely responsive. Having them on our team meant that we could always receive truthful, timely and accurate answers to our questions. We would most definitely utilize their services again and again for all of our real estate needs.

Assets America is a great company to work with. No hassles. Recommend them to everyone. Professional, fast response time and definitely gets the job done.

Ronny at Assets America has been invaluable to us and definitely is tops in his field. Great experience. Would refer them to all our business associates.

We were very pleased with Assets America’s expertise and prompt response to our inquiry. They were very straight forward with us and helped a great deal. We referred them to all our business associates.

I’ve worked with this company for decades. They are reputable, knowledgeable, and ethical with proven results. I highly recommend them to anyone needing commercial financing.

Ronny was incredibly adept and responsive – top-notch professional who arranged impressive term sheets.

Assets America helped us survive a very difficult time and we most definitely give them 5 stars!

Ronny was very friendly and though we were unable to make something happen at the moment he gave me some direction to go.

My business partner and I were looking to purchase a retail shopping center in southern California.  We sought out the services of Ronny, CFO of Assets America.  Ronny found us several commercial properties which met our desired needs.  We chose the property we liked best, and Ronny went to work. He negotiated very aggressively on our behalf. We came to terms with the Seller, entered into a purchase agreement and opened escrow.  Additionally, we needed 80 percent financing on our multimillion-dollar purchase.  Assets America also handled the commercial loan for us.  They were our One-Stop-Shop. They obtained fantastic, low, fixed rate insurance money for us.  So, Assets America handled both the sale and the loan for us and successfully closed our escrow within the time frame stated in the purchase agreement.  Ronny did and performed exactly as he said he would. Ronny and his company are true professionals.  In this day and age, it’s especially rare and wonderful to work with a person who actually does what he says he will do.  We recommend them to anyone needing any type of commercial real estate transaction and we further highly recommend them for any type of commercial financing.  They were diligent and forthright on both accounts and brought our deal to a successful closing.


Assignment of Lease

Jump to section, need help with an assignment of lease, what is an assignment of lease.

The assignment of lease is a title document that transfers all rights possessed by a lessee or tenant to a property to another party. The assignee takes the assignor’s place in the landlord-tenant relationship.

You can view an example of a lease assignment here .

How Lease Assignment Works

In cases where a tenant wants to or needs to get out of their lease before it expires, lease assignment provides a legal option to assign or transfer rights of the lease to someone else. For instance, if in a commercial lease a business leases a place for 12 months but the business moves or shuts down after 10 months, the person can transfer the lease to someone else through an assignment of the lease. In this case, they will not have to pay rent for the last two months as the new assigned tenant will be responsible for that.

However, before the original tenant can be released of any responsibilities associated with the lease, other requirements need to be satisfied. The landlord needs to consent to the lease transfer through a “License to Assign” document. It is crucial to complete this document before moving on to the assignment of lease as the landlord may refuse to approve the assignment.

Difference Between Assignment of Lease and Subletting

A transfer of the remaining interest in a lease, also known as assignment, is possible when implied rights to assign exist. Some leases do not allow assignment or sharing of possessions or property under a lease. An assignment ensures the complete transfer of the rights to the property from one tenant to another.

The assignor is no longer responsible for rent or utilities and other costs that they might have had under the lease. Here, the assignee becomes the tenant and takes over all responsibilities such as rent. However, unless the assignee is released of all liabilities by the landlord, they remain responsible if the new tenant defaults.

A sublease is a new lease agreement between the tenant (or the sublessor) and a third-party (or the sublessee) for a portion of the lease. The original lease agreement between the landlord and the sublessor (or original tenant) still remains in place. The original tenant still remains responsible for all duties set under the lease.

Here are some key differences between subletting and assigning a lease:

  • Under a sublease, the original lease agreement still remains in place.
  • The original tenant retains all responsibilities under a sublease agreement.
  • A sublease can be for less than all of the property, such as for a room, general area, portion of the leased premises, etc.
  • Subleasing can be for a portion of the lease term. For instance, a tenant can sublease the property for a month and then retain it after the third-party completes their month-long sublet.
  • Since the sublease agreement is between the tenant and the third-party, rent is often negotiable, based on the term of the sublease and other circumstances.
  • The third-party in a sublease agreement does not have a direct relationship with the landlord.
  • The subtenant will need to seek consent of both the tenant and the landlord to make any repairs or changes to the property during their sublease.

Here is more on an assignment of lease here .

assignment house definition

Parties Involved in Lease Assignment

There are three parties involved in a lease assignment – the landlord or owner of the property, the assignor and the assignee. The original lease agreement is between the landlord and the tenant, or the assignor. The lease agreement outlines the duties and responsibilities of both parties when it comes to renting the property. Now, when the tenant decides to assign the lease to a third-party, the third-party is known as the assignee. The assignee takes on the responsibilities laid under the original lease agreement between the assignor and the landlord. The landlord must consent to the assignment of the lease prior to the assignment.

For example, Jake is renting a commercial property for his business from Paul for two years beginning January 2013 up until January 2015. In January 2014, Jake suffers a financial crisis and has to close down his business to move to a different city. Jake doesn’t want to continue paying rent on the property as he will not be using it for a year left of the lease. Jake’s friend, John would soon be turning his digital business into a brick-and-mortar store. John has been looking for a space to kick start his venture. Jake can assign his space for the rest of the lease term to John through an assignment of lease. Jake will need to seek the approval of his landlord and then begin the assignment process. Here, Jake will be the assignor who transfers all his lease related duties and responsibilities to John, who will be the assignee.

You can read more on lease agreements here .

ContractsCounsel Assignment of Lease Image

Image via Pexels by RODNAE

Assignment of Lease From Seller to Buyer

In case of a residential property, a landlord can assign his leases to the new buyer of the building. The landlord will assign the right to collect rent to the buyer. This will allow the buyer to collect any and all rent from existing tenants in that property. This assignment can also include the assignment of security deposits, if the parties agree to it. This type of assignment provides protection to the buyer so they can collect rent on the property.

The assignment of a lease from the seller to a buyer also requires that all tenants are made aware of the sale of the property. The buyer-seller should give proper notice to the tenants along with a notice of assignment of lease signed by both the buyer and the seller. Tenants should also be informed about the contact information of the new landlord and the payment methods to be used to pay rent to the new landlord.

You can read more on buyer-seller lease assignments here .

Get Help with an Assignment of Lease

Do you have any questions about a lease assignment and want to speak to an expert? Post a project today on ContractsCounsel and receive bids from real estate lawyers who specialize in lease assignment.

Meet some of our Assignment of Lease Lawyers

Corey H. on ContractsCounsel

Veritas Global Law, PLLC ("Veritas") is a law firm specializing in Life Sciences, Private Equity, M&A, technology transactions and general corporate law. Veritas frequently represents clients seeking cost a cost efficient, on-demand, general counsel in a variety of general corporate law matters, and a range of contracts including NDAs, MSAs, Software as a Service (Saas) agreements. Veritas also represents U.S. and non-U.S. private investment fund GPs and LPs across a broad range of activities with a particular emphasis on private equity, venture capital, secondary funds, distressed funds and funds of funds. Mr. Harris received his LL.M. from the University of California, Berkeley, Boalt Hall School of Law and served as an articles editor of the Berkeley Business Law Journal and was an active member of the Berkeley Center for Law Business and the Economy. Additionally, Mr. Harris also holds a J.D. from Boston College Law School, a M.B.A. from the Boston College Carroll School of Management, a B.A. from Hampton University in Political Science with a minor in Economics and Spanish and a certificate in financial valuation from the University of Oxford, Saïd Business School.

James S. on ContractsCounsel


Alan V. on ContractsCounsel

Bilingual attorney currently employed as a staff attorney for Legal Services of Alabama. Previous legal background includes clerkship with Judge Dorothea Batiste in the field of Domestic Relations. Legal background also includes being an associate at the prestigious firm of Shelnutt & Varner. I performed criminal defense, family, probate, and personal injury services for the firm.

Matthew F. on ContractsCounsel

Matthew grew up in Leawood, Kansas. He graduated from the University of Kansas with a Bachelor of Arts degree in Political Science and Communications in 2016 and from the University of Kansas School of Law in 2019 where he received a Business and Commercial Law Certificate. During his time as an undergraduate, he worked at a consulting firm focused on political campaigns and corporate public relations. In May of 2020, he will receive an MBA with a focus on finance from the University of Kansas Business School. Matthew is interested in several practice areas including business and commercial law, arbitration, and civil litigation. In his free time, Matthew enjoys playing basketball, using his virtual reality headset and listening to audiobooks.

Shawuki H. on ContractsCounsel

hawuki attended SUNY Binghamton where he graduated with a Bachelor of Science in Marketing and Leadership & Consulting. Shawuki then went on to pursue his Juris Doctorate from Western Michigan University Thomas M. Cooley Law (WMU Cooley). During his time at WMU Cooley, Shawuki served as Justice of Phi Alpha Delta Law Fraternity, International, Vice President of Entertainment of Sports and Entertainment Law Society, and an Associate Editor of the Western Michigan University Thomas M. Cooley Journal of Practical and Clinical Law. At the conclusion of law school, Shawuki graduated with cum laude honors earning a spot on the Honor Roll and Dean's List. Professionally, Shawuki is an attorney/contract advisor and a serial entrepreneur. As the Managing Attorney of The Hilton Law Firm, PLLC, Shawuki has aided over a dozen startups and existing businesses with contractual, regulatory, administrative, and other legal matters. As a Canadian Football League (CFL) Contract Advisor, Shawuki has negotiated multiple player contracts, ensuring just compensation for his clients. Entrepreneurially, Shawuki is an owner of multiple businesses and has a wealth of business experience. Shawuki is a member of the Florida and District of Columbia Bar, Phi Alpha Delta Law Fraternity, International, Phi Delta Phi Legal Honor Society, and was recently named to the National Black Lawyers Top 40 under 40 list Florida.

Darren W. on ContractsCounsel

My main focus is estate planning and business transactions, but I have had many practice areas throughout my career, including criminal defense and prosecution, civil litigation from neighborhood squabbles to corporate contentions. I have also worked in bankruptcy, family law, collections, employment law, and personal injury. I stand ready to assist in any area to which I feel I can be of service, but will not try to fake it if I do not know the area of law I am being asked to serve in.

Boris K. on ContractsCounsel

With over 10 years experience as a Real Estate Broker and an attorney, I can help you with all your residential real estate needs such as For sale by owner transactions and drafting grant deeds

Find the best lawyer for your project

Real estate lawyers by top cities.

  • Austin Real Estate Lawyers
  • Boston Real Estate Lawyers
  • Chicago Real Estate Lawyers
  • Dallas Real Estate Lawyers
  • Denver Real Estate Lawyers
  • Houston Real Estate Lawyers
  • Los Angeles Real Estate Lawyers
  • New York Real Estate Lawyers
  • Phoenix Real Estate Lawyers
  • San Diego Real Estate Lawyers
  • Tampa Real Estate Lawyers

Assignment of Lease lawyers by city

  • Austin Assignment of Lease Lawyers
  • Boston Assignment of Lease Lawyers
  • Chicago Assignment of Lease Lawyers
  • Dallas Assignment of Lease Lawyers
  • Denver Assignment of Lease Lawyers
  • Houston Assignment of Lease Lawyers
  • Los Angeles Assignment of Lease Lawyers
  • New York Assignment of Lease Lawyers
  • Phoenix Assignment of Lease Lawyers
  • San Diego Assignment of Lease Lawyers
  • Tampa Assignment of Lease Lawyers

related contracts

  • Addendum to Lease
  • ALTA Statement
  • Apartment Lease
  • Apartment Rental Agreement
  • Boundary Line Agreement
  • Brokerage Agreement
  • Building Contract
  • Building Lease
  • Buyer Agency Agreement
  • Buyer Broker Agreement

other helpful articles

  • How much does it cost to draft a contract?
  • Do Contract Lawyers Use Templates?
  • How do Contract Lawyers charge?
  • Business Contract Lawyers: How Can They Help?
  • What to look for when hiring a lawyer

assignment house definition

Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.

Contracts Counsel was incredibly helpful and easy to use. I submitted a project for a lawyer's help within a day I had received over 6 proposals from qualified lawyers. I submitted a bid that works best for my business and we went forward with the project.

I never knew how difficult it was to obtain representation or a lawyer, and ContractsCounsel was EXACTLY the type of service I was hoping for when I was in a pinch. Working with their service was efficient, effective and made me feel in control. Thank you so much and should I ever need attorney services down the road, I'll certainly be a repeat customer.

I got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.

How It Works

Post Your Project

Get Free Bids to Compare

Hire Your Lawyer

Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Find lawyers and attorneys by city

  • New Condos for Sale
  • Platinum Access
  • Resale Homes
  • Real Estate Info
  • Buyer’s Journey
  • Online Condo Presentation
  • Leasing Services
  • Calculators
  • Clients Stories
  • City / Town
  • Near Major Intersection
  • Near Subway Stations
  • Move In 2022
  • Move In 2023
  • Move In 2024
  • Move In 2025
  • Move In 2026
  • Move In 2027
  • Move in 2028
  • Move in 2029
  • Move In 2030

Boutique Condos

  • Special Promotion

5% Down Condos

10% Down Condos

  • Condos Coming Soon

Master-Planned Communities

Assignment Listings

  • Near Urban Growth Centres
  • Near Rapid Transit
  • Near Major Intersections
  • Richmond Hill
  • King Township
  • Scarborough
  • Bowmanville
  • Mississauga
  • Halton Hills
  • Springwater
  • All Locations
  • Move In 2029

Platinum Access

Important Update: Our Investment Presentation Seminar is now available twice a week. Learn More

GTA-Homes » Real Estate Info » Assignments

  • Assignments

Assignment Sale

An Assignment Sale in the Pre-Construction Market

Simply put, an assignment sale is the sale - or an "assignment" of a contract to purchase a pre-construction condominium suite. An assignment sale is usually applied to the pre-construction condominium that has not been registered yet, so no one can take ownership of the unit itself. Only the contract can be sold.

When you purchase a pre-construction condominium unit, you will be given an assignment clause/right in the form of a contract. You can choose to sell your assignment before the condominium is even built.

  • Assignee/Buyer is not buying a property from Assignor – Assignee is buying the “right” to acquire property from a 3rd party (usually a builder)
  • Assignor assigns its interest and rights in the Original Agreement with the Builder (or original seller)
  • Assignor assigns to the Assignee its interest in the original “deposit”
  • Assignee “assumes” and agrees to perform all of the Assignor’s obligations under the Original Agreement

Once the building has been constructed and registered by the city, the ownership will be transferred to the buyer. Until then, it’s just the sale of a contract, but as you will see, there are many advantages to these kinds of sales for both the buyer and seller.

In this article, you will learn more about assignment sales, why they are used, the process of this transaction and how it can be transferred.

This way, you will be able to determine if an assignment sale is right for you. We at GTA-Homes strive to provide our clients with the knowledge of the pre-construction market, so that they can make a more informed choice when it comes to investing in their future.

An assignment sale can be mutually beneficial for both the buyer and the seller.

See all assignment listings, what you'll learn....

  • What Is an Assignment Sale?

An Example of an Assignment Sale

  • Buying an Assignment

Selling an Assignment

Assignments faq.

Learning about the Condo Market

The Details of an Assignment Sale

What Is an Assignment Sale? Why Do These Kinds of Sales Happen?

There are many reasons why someone might want to sell the rights to their unit before it’s been built. For example, someone may have bought a suite that’s three years away from being completed, but recently had to relocate for a job. This buyer may need to sell their agreement to afford a property in their new city. Another common reason is that a buyer began the purchase process when they were single but during the pre-construction process they married or are now expecting a child. Suddenly they’ve discovered that the pre-construction one-bedroom suite they bought is not big enough for a growing family.

The “ assignment clause ” in the purchase agreement comes in handy when these things happen. It allows the original buyer to pass the contract onto somebody else without accruing financial penalties.

These types of transactions are common and fully legal, but whether you are the buyer or the seller, it’s important to work with both an experienced realtor and lawyer who know how to protect your interests.

What is an Assignment Sale?

These deals are more complex than a conventional resale and involve three parties: the developer, the assignor and the assignee. It’s a two-stage process that involves both interim occupancy and the final closing.

This is just the basics of an assignment deal. There are more details regarding mortgage rules, and other contract details. Keep reading to learn more! Or you can always reach out to talk with one of our agents. We love to talk condos! This is just a general overview, but each arrangement is unique with its own rules, terms, and conditions.

We advise everybody who is thinking of buying or selling a pre-construction assignment to seek advice from a real estate agent, lawyer and tax accountant. Contacting an agent is important because assignors may have to pay a fair amount of tax on any profits they received from the completed sale

Most builders allow assignment sales and you will often see these listings on REALTOR.ca. However, there are some rules in the original purchase agreement that must be followed. They are also more complicated than a regular sale because a mortgage cannot be obtained on the closing of the transaction, only once the building has been registered. Other issues such as occupancy, reimbursement of the seller’s deposits and more must be taken into account.

Is it Worth Buying An Assignment?

In 2017, John Smith buys a pre-construction condominium suite from ABC Developments for $400,000 with a total down payment of 20%, equalling $80,000. The project is set to be completed in 2022.

Why do these assigment sales happen?

In 2021, John discovered he will be relocated to a new city. He can’t afford to buy a new home while holding onto his pre-construction condo.

Selling an Assignment

Fortunately for John, the assignment clause allows him to sell the contract for his unit before the building is completed and registered!

Assignment Agreement

John has decided to sell the contract to his unit to Jane Doe. Due to the changes in the market, he was able to sell the contract for $500,000.

Assignment Purchase:

  • Assignment Agreement: $500,000
  • Original Purchaser (Assignor) = John Smith
  • New Purchaser (Assignee) = Jane Doe
  • Vendor (Builder) = ABC Developments

Assignment Purchase Price by John Smith to Jane Doe = $180,000, due immediately. This includes a deposit of $80,000 + profit $100,000. The amount and timeframe for this payment can also be negotiated.


  • In 2022 when the building is complete and ready for interim occupancy, Jane Doe will move into the unit during the occupancy period. At this point she will begin paying occupancy fees to the developer. These fees take the place of mortgage payments and condo fees until the building can be registered.
  • Interim occupancy happens when the city has designated the property as safe to live in. The building will be officially registered once the municipality does a final inspection. Jane Doe can occupy her suite in the meantime until the building is officially registered.

The advantages for buying Assignment Sale

Assignment Details:

  • When the building is officially registered by the city, the official title transfer takes place between the developer and the new purchaser. Jane Doe can finally register a mortgage and start paying her mortgage payments and condominium fees.
  • Funds required to complete the sale by Jane Doe to the builder = $320,000
  • Jane Doe now has all the rights to the property, just like any homeowner. Any future re-sale of the property will consist of a regular real estate transaction.

Questions About Projects in This Area?

Is It Worth It to Buy an Assignment?

Assignment purchases can actually give you some of the best deals in the GTA condo market because fewer people typically seek out these types of sales. In addition to fewer buyers, many real estate agents aren’t familiar with the structure of an assignment sale and often won’t bother to advertise these listings. Even lawyers may not know the ins and outs of an assignment sale.

The high demand in the resale market can potentially force buyers into bidding wars, which can cause people to overpay for their suite. Buying a contract through assignment gives you the opportunity to avoid excessive competition and often means you pay much less than you would for a resale unit.

The assignment condo market can be mutually beneficial for both the buyer and the seller. The seller can list their unit without having to wait until the building is completed, and the buyer can save time and potentially thousands of dollars.

Another advantage to buying an assignment agreement is that you will get a brand-new unit that automatically comes with the seven-year Tarion Warranty Program. Let’s not forget that you’ll likely move into the unit sooner instead of waiting the usual 3 to 4 years for the building to be completed!

Let’s Recap Some of the Advantages for Buyers:

  • Options: More choices when there’s a shortage of listings in the market.
  • Less Competition: Fewer people look at these types of listings.
  • Peace of Mind: Fewer people looking at these sales means there’s less of a chance for a bidding war. You can avoid bidding wars and paying more than you can afford just to outbid another buyer.
  • You Become A VIP: You will likely inherit VIP incentives like the seven-year Tarion Warranty Program and other incentives from the builder such as credits, upgrades, capped developing charges and much more.
  • More Choices: Depending on how far along construction is, you may still be able to select your own finishes, colors and upgrades.
  • Negotiate: Sellers usually need to sell because they need to drop their equity. This can give you leverage for prices, deposits, and closing dates.
  • Brand New Suite: You will get your unit much faster instead of waiting 2-3 years like in a typical pre-construction contract. Oftentimes the occupancy date is just a couple of months away.
  • Taxes: You may also benefit from saving on taxes like GST and HST.

We love to chat about the assignment sale market, so don’t wait, give us a call and let’s find you a great deal.

Traditionally, owners who wanted to sell their pre-construction units had to wait months or years for the final closing date to officially put their suite up for sale. By this time, they could have already put significant funds into occupancy fees and closing costs.

Assignments sales is not a new strategy in Canada, but compared to other countries where condos have been around much longer, the process is not always well understood by sellers, buyers, agents, lawyers, and even lenders. Sellers who have been taking the time to learn about assignments have been reaping the rewards by saving time and maximizing their profits.

These transactions are becoming increasingly popular. Think of it as a sort of condo flipping. Sellers can transfer their property rights during or before interim occupancy and avoid paying hefty carrying and closing costs, which helps them get their deposits back.

Most builders allow assignment sales, although they often have certain rules that must be followed. Even with strict rules in place, however, there are options available for you.

Is an assignment legal?

Let’s Take a Look at the Advantages for Sellers:

  • Insurance Policy: In the event that your situation changes and you no longer need your unit, you are able to sell your assignment and pull out your equity.
  • No Carrying Costs: You can avoid paying monthly fees like occupancy fees that can sometimes last for up to two years.
  • No Closing Costs: You don’t need to take out a mortgage or incur any other closing costs.

What is an Assignment Sale?

It is the sale of a contract to purchase a pre-construction unit. This means, instead of selling an already built unit, what’s being sold is the contract or right to acquire the property upon completion. The original purchaser (the "assignor") of a property sells their obligations under the original contract to a new purchaser (the "assignee").

The assignee will generally assume all of the assignor's duties and obligations, such as interest payments, taxes, and maintenance fees during interim occupancy. Upon completion, the assignee is granted the title to the real property and will incur all final closing costs.

Can any kind of purchase agreement involving a real estate transaction be assigned?

Under normal circumstances, any purchase agreement can be assigned, providing the agreement doesn’t prohibit it.

Is an Assignment legal?

It is legally permitted unless prohibited in writing in the original agreement of purchase and sale. In some cases, the developer may charge the assignor a fee for this kind of sale.

Is it necessary to get permission from the developer to assign the contract?

That depends. You need to consult your purchase agreement to get the specifics. Generally developers will not permit an assignment sale without their consent, which means you’ll need to consult with them and a legal representative. There have been incidents where an unauthorized assignment sale has resulted in the original agreement being terminated, and the deposit withheld!

Is there a standard legal form for these types of sales?

Yes, there are two: OREA Form 150 Assignment of Agreement of Purchase and Sale Condominium and OREA Form 145 Assignment of Agreement of Purchase and Sale (including applicable schedules.) In most cases, the developer will have their own form as well.

Will either the assignor or assignee’s lawyer services be adequate?

It is essential that the assignor and assignee each retain a lawyer with expertise in this area of real estate.

Can the assignor’s realtor market the assignment listing on MLS or REALTOR.ca?

Sometimes. Double check with your builder, as it depends on whether they permit advertising.

What happens if the construction, occupancy, closing, or unit transfer date is delayed?

In the event of a delay, the agreement is still valid. This means the assignee has agreed to take on the agreement and all responsibilities associated with it, including delayed construction or occupancy.

What if the assignee doesn't close?

This is no different than any other property sale, meaning the assignor, in most cases, is not released from the obligations under their original purchase agreement. In this situation, both the assignor and assignee will be liable.

What is the cost of assigning an Agreement of Purchase and Sale?

If the developer consents to the arrangement, there will generally be an administration fee and legal fees. These fees will vary. Consult the original purchase agreement and the developer for specific information.

When does the assignor get their money?

This generally depends on the closing date and the terms of the agreement that the assignor and assignee agreed on. Usually the assignor is paid when:

  • the assignee takes possession or,
  • when the developer approves the process, if applicable or,
  • when the assignee obtains legal title

Who gets the interest, if any, payable by the builder on the original deposits?

Unless otherwise specified, the interest is likely to be paid to the assignor.

Who pays the interim occupancy costs?

Once the assignment is finalized, the assignee will typically pay occupancy costs.

What closing fees are payable?

After the condominium is registered, the builder transfers the ownership title to the assignee. The assignee pays the balance to the builder and any amount still owed to the assignor. Some of the costs the assignor may pay include:

  • Estimated property taxes for up to 2 years
  • Hydro/water/gas meter installation and connection charges (approx. $500–$700 per meter)
  • Development charges/levies (potentially thousands of dollars)
  • Tarion New Home Warranty (ranging from $600–$1,900. See Tarion website for fee structure)
  • Discharge of builder’s mortgages (approx. $200–$300 per mortgage)
  • Builder’s lawyer’s Law Society charge (approx. $70)
  • Two months of occupancy fees for reserve fund
  • Other amounts set out in the Agreement of Purchase and Sale

These costs are typically not financed with a mortgage. The assignee is responsible for the following additional fees:

  • Legal fees and disbursements
  • Land transfer tax (provincial and municipal)
  • GST/HST rebate
  • Municipal levies

If you’re interested in either buying or selling an assignment, you need a realtor who is experienced in finding, negotiating and drawing up the offer for these types of sales. This means you’ve come to the right place! We have a wealth of expertise, knowledge and resources when it comes to assignment sales and we would be more than happy to discuss the idea with you.

Need More Information? That’s What We’re Here For.

Check Out These Helpful Buying / Investing Articles…

  • Why Pre-Construction Condos Are the Best Investment
  • Most Frequently Asked Questions
  • Why Buy With a Platinum Agent
  • Interim Occupancy and Final Closing
  • Steps to Buying a Pre-Construction Condo
  • Renting vs Buying
  • Condo Investments
  • Pre-Construction Condo Closing Costs
  • Pre-Delivery Inspection
  • Statement of Critical Dates
  • Condo Project Cancellations
  • First Time Home Buyer Incentive
  • Community Benefits Charges
  • Glossary of Real Estate Terms and Definitions
  • How Condo Developers Determine Price Per Square Foot
  • Section 37 Levies
  • 10 Day Cooling Off Period
  • Development Charges and Levies
  • Important Documents to Review When Purchasing a Pre-Construction Condo
  • Land Transfer Tax
  • Condominium Registration
  • Condominium Corporations
  • Condo Reserve Fund
  • Inclusionary Zoning
  • Common Elements
  • Raising Issues With The Condo Board
  • Condominium Management
  • Requesting Condominium Records
  • Meetings and Voting In A Condo Corporation
  • Condominium Insurance
  • Renting Your Condo Unit
  • GST/HST New Housing Rebate
  • What Are Interest Rates?
  •  Everything You Need to Know about Mortgages
  •  What Is the Ontario New Home Warranty Program?
  •  Deposit Structures for Pre-Construction Condos
  •  What Are Condo Maintenance Fees?
  • Do I Need a Property Manager?
  • How to Find Qualified Tenants for Your Rental Property
  • What Are Buyer Incentives?
  • What Are The Motives For Investing in Real Estate?
  • What is Title Insurance?
  • What is Delayed Occupancy?
  • How to Pay Off Your Mortgage Faster
  • First Home Savings Account (FHSA
  • Landlord and Tenant Rights and Responsibilities
  • The Best Building Amenities for Your Condo Investment
  • How to Read Condo Floor Plans
  • How Real Estate Pricing Has Changed In the Last Four Decades
  • Local Area Amenities That will Increase Your Condo Investment Value
  • Invest in Real Estate for Wealth and Retirement
  • The Home Construction Regulatory Authority (HCRA)
  • What to Consider When Selecting the Ideal Condo
  • Residential vs Commercial Mortgages
  • How To Choose the Right Condos Floor Plans
  • What to Look For in a Condo Developer


Toronto New Condos

North York New Condos

Etobicoke New Condos

Mississauga New Condos

Scarborough New Condos

Markham New Condos

Vaughan New Condos

Oakville New Condos

Richmond Hill New Condos

Aurora New Condos

Thornhill New Condos

Brampton New Condos

Pickering New Condos

Ajax New Condos

Newmarket New Condos

Burlington New Condos

Oshawa New Condos

Caledon New Condos

Whitby New Condos

Whitchurch-Stouffville New Condos

King New Condos

Milton New Condos

Clarington New Condos


Waterloo New Condos

Brant New Condos

Innisfil New Condos

Kitchener New Condos

Niagara Region New Condos

Grimsby New Condos

Hamilton New Condos

Barrie New Condos

Montreal New Condos

Kingston New Condos

Guelph New Condos

Cambridge New Condos

Halton Hills New Condos

Brantford New Condos

Prince Edward County New Condos

Shelburne New Condos

Springwater New Condos

Bradford New Condos

North Bay New Condos

London New Condos

Ottawa New Condos

Belleville New Condos


Coming Soon VIP Condos

Platinum Access VIP Condos

Special Promotion Condos


Ready to Move in 2022

Ready to Move in 2023

Ready to Move in 2024

Ready to Move in 2025

Ready to Move in 2026

Ready to Move in 2027

Ready to Move in 2028

Ready to Move in 2029


Luxury Condos

Waterfront Condos

GTA-Homes Team

  • More from M-W
  • To save this word, you'll need to log in. Log In

Definition of assignment

task , duty , job , chore , stint , assignment mean a piece of work to be done.

task implies work imposed by a person in authority or an employer or by circumstance.

duty implies an obligation to perform or responsibility for performance.

job applies to a piece of work voluntarily performed; it may sometimes suggest difficulty or importance.

chore implies a minor routine activity necessary for maintaining a household or farm.

stint implies a carefully allotted or measured quantity of assigned work or service.

assignment implies a definite limited task assigned by one in authority.

Examples of assignment in a Sentence

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'assignment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

see assign entry 1

14th century, in the meaning defined at sense 1

Phrases Containing assignment

  • self - assignment

Dictionary Entries Near assignment

Cite this entry.

“Assignment.” Merriam-Webster.com Dictionary , Merriam-Webster, https://www.merriam-webster.com/dictionary/assignment. Accessed 10 Nov. 2023.

Legal Definition

Legal definition of assignment, more from merriam-webster on assignment.

Nglish: Translation of assignment for Spanish Speakers

Britannica English: Translation of assignment for Arabic Speakers

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

Play Quordle: Guess all four words in a limited number of tries.  Each of your guesses must be a real 5-letter word.

Can you solve 4 words at once?

Word of the day.

See Definitions and Examples »

Get Word of the Day daily email!

Games & Quizzes

Play Blossom: Solve today's spelling word game by finding as many words as you can using just 7 letters. Longer words score more points.

Online Language Dictionaries

Cambridge Dictionary

  • Cambridge Dictionary +Plus

Meaning of assignment in English

Your browser doesn't support HTML5 audio

  • It was a jammy assignment - more of a holiday really.
  • He took this award-winning photograph while on assignment in the Middle East .
  • His two-year assignment to the Mexico office starts in September .
  • She first visited Norway on assignment for the winter Olympics ten years ago.
  • He fell in love with the area after being there on assignment for National Geographic in the 1950s.
  • act as something
  • all work and no play (makes Jack a dull boy) idiom
  • be at work idiom
  • be in work idiom
  • housekeeping
  • in the line of duty idiom

You can also find related words, phrases, and synonyms in the topics:

assignment | American Dictionary

Assignment | business english, examples of assignment, collocations with assignment.

These are words often used in combination with assignment .

Click on a collocation to see more examples of it.

Translations of assignment

Get a quick, free translation!


Word of the Day

sporting chance

If there is a sporting chance that something good will happen, it is possible that it will happen.

Reunions and housewarmings (Words for different parties)

Reunions and housewarmings (Words for different parties)

assignment house definition

Learn more with +Plus

  • Recent and Recommended {{#preferredDictionaries}} {{name}} {{/preferredDictionaries}}
  • Definitions Clear explanations of natural written and spoken English English Learner’s Dictionary Essential British English Essential American English
  • Grammar and thesaurus Usage explanations of natural written and spoken English Grammar Thesaurus
  • Pronunciation British and American pronunciations with audio English Pronunciation
  • English–Chinese (Simplified) Chinese (Simplified)–English
  • English–Chinese (Traditional) Chinese (Traditional)–English
  • English–Dutch Dutch–English
  • English–French French–English
  • English–German German–English
  • English–Indonesian Indonesian–English
  • English–Italian Italian–English
  • English–Japanese Japanese–English
  • English–Norwegian Norwegian–English
  • English–Polish Polish–English
  • English–Portuguese Portuguese–English
  • English–Spanish Spanish–English
  • Dictionary +Plus Word Lists
  • on assignment
  • American    Noun
  • Collocations
  • Translations
  • All translations

Add assignment to one of your lists below, or create a new one.


Something went wrong.

There was a problem sending your report.

Go to the homepage

Definition of 'assignment'

IPA Pronunciation Guide

Video: pronunciation of assignment

Youtube video

assignment in British English

Assignment in american english, examples of 'assignment' in a sentence assignment, cobuild collocations assignment, trends of assignment.

View usage for: All Years Last 10 years Last 50 years Last 100 years Last 300 years

Browse alphabetically assignment

  • assigned randomly
  • assigned risk
  • assimilability
  • assimilable
  • All ENGLISH words that begin with 'A'

Related terms of assignment

  • seat assignment
  • tough assignment
  • writing assignment
  • challenging assignment
  • difficult assignment
  • View more related words

Quick word challenge

Quiz Review

Score: 0 / 5


Wordle Helper


Scrabble Tools





What does assignment the house mean?

Definitions for assignment the house as·sign·men·t the house, this dictionary definitions page includes all the possible meanings, example usage and translations of the word assignment the house ., did you actually mean aeschynanthus or asyndetic , how to pronounce assignment the house.

Alex US English David US English Mark US English Daniel British Libby British Mia British Karen Australian Hayley Australian Natasha Australian Veena Indian Priya Indian Neerja Indian Zira US English Oliver British Wendy British Fred US English Tessa South African

How to say assignment the house in sign language?

Chaldean Numerology

The numerical value of assignment the house in Chaldean Numerology is: 2

Pythagorean Numerology

The numerical value of assignment the house in Pythagorean Numerology is: 6

Word of the Day

Would you like us to send you a free new word definition delivered to your inbox daily.

Please enter your email address:


Use the citation below to add this definition to your bibliography:.

Style: MLA Chicago APA

"assignment the house." Definitions.net. STANDS4 LLC, 2023. Web. 10 Nov. 2023. < https://www.definitions.net/definition/assignment+the+house >.


Discuss these assignment the house definitions with the community:


Report Comment

We're doing our best to make sure our content is useful, accurate and safe. If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.

You need to be logged in to favorite .

Create a new account.

Your name: * Required

Your email address: * Required

Pick a user name: * Required

Username: * Required

Password: * Required

Forgot your password?    Retrieve it

Are we missing a good definition for assignment the house ? Don't keep it to yourself...

Image credit, the web's largest resource for, definitions & translations, a member of the stands4 network.

assignment house definition

Free, no signup required :

Add to chrome, add to firefox, browse definitions.net, are you a words master, the act of making a noisy disturbance.

  • A.   abase
  • B.   rumpus
  • C.   efface
  • D.   render

Nearby & related entries:

  • assigning noun
  • assignment noun
  • assignment (law)
  • assignment of pay
  • assignment problem
  • assignment the house
  • assignments
  • assignor noun

Alternative searches for assignment the house :

  • Search for assignment the house on Amazon
  • Search for assignment the house on Google

assignment house definition

Contact us whenever you need it!

+1 855 997 0206

Contact hours: Mon-Fri 8am - 10pm ET

  • LawDistrict ❯
  • Legal Dictionary

Assignment is a legal definition that refers to the transfer of rights, property, or other benefits between two parties. The party allocating the rights is known as the “assignor”, while the one receiving them is called the “assignee”. The other original party to the contract is known as the “ obligor ”.

A burden, duty, or detriment cannot be transferred as an assignment without the agreement of the assignee . Furthermore, the assignment can be carried out as a gift, or it may be paid for with a contractual consideration .

Keep reading to learn how this important legal term is used both in contract and property law and to see relevant examples.

  • Assignment Examples

A common example of assignment within property law can be seen in rental agreements between landlords and tenants. For example, a tenant may be renting from a landlord but wants another party to take over the property . In this scenario, the tenant may be able to choose between assigning the lease to a new tenant or subleasing it.

If assigning it, the new tenant will be given the entire balance of the term, with no reversion to anyone else being possible. In other words, the new tenant would have a legal relationship with the landlord. On the other hand, if subleasing the property, the new tenant would be given a limited term and no legal responsibility towards the property owner, only towards the original tenant.

Another example of assignment can be seen within contract law . Let’s say that a school hires a piano teacher for a monthly employment contract with a salary of $2000 per month. As long as there is consent from all parties, the teacher could assign their contract to another qualified piano instructor.

This would be an assignment both of the piano teacher’s rights to receive $2000 per month, and a delegation of their duty to teach piano lessons. This illustrates the fact that under contract law, assignment always includes a transfer of both rights and duties between the parties. If a breach of contract is made by either party, for example for defective performance, then the new teacher or the school can sue each other accordingly.

  • Legal Requirements for Assignment

For an assignment to be legally valid, it must meet certain requirements . If these are not met, a trial court can determine that the transfer of rights did not occur. The legal requirements for assignment are as follows:

  • All parties must consent and be legally capable to carry out the assignment.
  • The objects, rights, or benefits being transferred must be legal.
  • The assignment is not against public policy or illegal.
  • Some type of consideration is included if necessary.
  • The contract in question must already be in place and doesn’t prohibit assignment.
  • If a duty is being transferred, and it requires a rare genius or skill, then it cannot be delegated.
  • The assignment doesn’t significantly change the expected outcome of a contract.
  • Assignment Steps

To successfully assign a contract, certain steps must be followed to ensure the process is legally valid. The necessary assignment steps are listed below:

  • Ensuring there is no anti-assignment clause in the contract.
  • Executing the assignment by transferring the obligations and rights to a third party.
  • Notifying the obligor of the transfer, which in turn relieves the assignor of any liability.
  • Avoiding Assignment

In certain situations, one of the two parties may not want to allow their counterpart to assign the contract. This can be prevented by setting anti-assignment clauses in the original contract. An example of this is making it necessary for prior written consent to be attained from the other parties before the assignment is approved. Nevertheless, an anti-assignment clause cannot be included in an assignment that was issued or ordered by a court.

  • Assignment vs. Novation

Novation occurs when a party would like to transfer both the benefits and burden of a contract to another party. This is similar to assignment in the sense that the benefits are transferred, but in this case, the burden is also passed on. When novation is finalized, the original contract is deleted and a new one is created, in which a third party becomes responsible for all the obligations and rights of the original contract.

  • Assignment vs. Delegation

Although delegation and assignment are similar in purpose, they are two different concepts. Delegation refers to transferring the obligation to a third party without an assignment contract . While in assignment an entire contract and its rights and benefits can be passed on, in delegation only a particular contractual task or activity is transferred.

Let’s look at an example . Lisa is a homeowner that wants to hire Michael with an independent contractor agreement to remodel her garage. He plans to do all the work himself, but he’s not a painter, so he wants to delegate the painting work to his friend Valentina.

In this example, the contract is between Lisa, the obligor, and Michael, the delegator. Valentina would then be known as a delegatee, she doesn’t assume responsibility for the contract nor does she receive the contractual benefits, which in this case would be monetary compensation. However, Michael may have a separate agreement with Valentina to pay her in return for her work.

It’s also important to note that some duties are so specific in nature that it’s not possible to delegate them. In addition, if a party wants to avoid delegation , it’s recommended to add a clause to prevent the other party from delegating their duties.

Create a Customizable Legal Form Now

Get 7 Days Total Access to Our Entire Catalog!

Choose Your Legal Category:

  • Online Law Library
  •   Bankruptcy Law
  •   Business Law
  •   Civil Law
  •   Criminal Law
  •   Employment Law
  •   Family Law
  •   Finance Law
  •   Government Law
  •   Immigration Law
  •   Insurance Law
  •   Intellectual Property Law
  •   Personal Injury Law
  •   Products & Services Law
  •   Real Estate Law
  •   Wills, Trusts & Estates Law
  •   Attorney Referral Services
  •   Top 10 Most Popular Articles
  •   Legal Dictionary
  • How It Works - Clients
  • Legal Center
  • About LegalMatch
  • Consumer Satisfaction
  • Editorial Policy
  • Attorneys Market Your Law Practice Attorney Login Schedule a Demo Now Did LegalMatch Call You Recently? How It Works - Attorneys Attorney Resources Attorney Success Stories Attorney Success Story Videos Compare Legal Marketing Services View Cases

LegalMatch Resources

  • Find a Lawyer
  • Legal Topics
  • Real Estate Law

Mortgage Assignment Laws and Definition

(This may not be the same place you live)

What is a Mortgage Assignment?

A mortgage is a legal agreement. Under this agreement, a bank or other lending institution provides a loan to an individual seeking to finance a home purchase. The lender is referred to as a creditor. The person who finances the home owes money to the bank, and is referred to as the debtor.

To make money, the bank charges interest on the loan. To ensure the debtor pays the loan, the bank takes a security interest in what the loan is financing — the home itself. If the buyer fails to pay the loan, the bank can take the property through a foreclosure proceeding.

There are two main documents involved in a mortgage agreement. The document setting the financial terms and conditions of repayment is known as the mortgage note. The bank is the owner of the note. The note is secured by the mortgage. This means if the debtor does not make payment on the note, the bank may foreclose on the home. 

The document describing the mortgaged property is called the mortgage agreement. In the mortgage agreement, the debtor agrees to make payments under the note, and agrees that if payment is not made, the bank may institute foreclosure proceedings and take the home as collateral .

An assignment of a mortgage refers to an assignment of the note and assignment of the mortgage agreement. Both the note and the mortgage can be assigned. To assign the note and mortgage is to transfer ownership of the note and mortgage. Once the note is assigned, the person to whom it is assigned, the assignee, can collect payment under the note. 

Assignment of the mortgage agreement occurs when the mortgagee (the bank or lender) transfers its rights under the agreement to another party. That party is referred to as the assignee, and receives the right to enforce the agreement’s terms against the assignor, or debtor (also called the “mortgagor”). 

What are the Requirements for Executing a Mortgage Assignment?

For a mortgage to be validly assigned, the assignment document (the document formally assigning ownership from one person to another) must contain:

  • The current assignor name.
  • The name of the assignee.
  • The current borrower or borrowers’ names. 
  • A description of the mortgage, including date of execution of the mortgage agreement, the amount of the loan that remains, and a reference to where the mortgage was initially recorded. A mortgage is recorded in the office of a county clerk, in an index, typically bearing a volume or page number. The reference to where the mortgage was recorded should include the date of recording, volume, page number, and county of recording.
  • A description of the property. The description must be a legal description that unambiguously and completely describes the boundaries of the property.

There are several types of assignments of mortgage. These include a corrective assignment of mortgage, a corporate assignment of mortgage, and a mers assignment of mortgage. A corrective assignment corrects or amends a defect or mistake in the original assignment. A corporate assignment is an assignment of the mortgage from one corporation to another. 

A mers assignment involves the Mortgage Electronic Registration System (MERS). Mortgages often designate MERS as a nominee (agent for) the lender. When the lender assigns a mortgage to MERS, MERS does not actually receive ownership of the note or mortgage agreement. Instead, MERS tracks the mortgage as the mortgage is assigned from bank to bank. 

What are Some of the Benefits and Drawbacks of Mortgage Assignments?

An advantage of a mortgage assignment is that the assignment permits buyers interested in purchasing a home, to do so without having to obtain a loan from a financial institution. The buyer, through an assignment from the current homeowner, assumes the rights and responsibilities under the mortgage. 

A disadvantage of a mortgage assignment is the consequences of failing to record it. Under most state laws, an entity seeking to institute foreclosure proceedings must record the assignment before it can do so. If a mortgage is not recorded, the judge will dismiss the foreclosure proceeding. 

Are there any Defenses to Mortgage Assignments?

Failure to observe mortgage assignment procedure can be used as a defense by a homeowner in a foreclosure proceeding. Before a bank can institute a foreclosure proceeding, the bank must record the assignment of the note. The bank must also be in actual possession of the note. 

If the bank fails to “produce the note,” that is, cannot demonstrate that the note was assigned to it, the bank cannot demonstrate it owns the note. Therefore, it lacks legal standing to commence a foreclosure proceeding.

Do I Need to Hire an Attorney for Help with a Mortgage Assignment?

If you need help with preparing an assignment of mortgage, you should contact a mortgage lawyer . An experienced mortgage lawyer near you can assist you with preparing and recording the document.

Need a Mortgage Lawyer in your Area?

  • Connecticut
  • Massachusetts
  • Mississippi
  • New Hampshire
  • North Carolina
  • North Dakota
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • West Virginia

assignment house definition

Daniel Lebovic

LegalMatch Legal Writer

Original Author

Prior to joining LegalMatch, Daniel worked as a legal editor for a large HR Compliance firm, focusing on employer compliance in numerous areas of the law including workplace safety law, health care law, wage and hour law, and cybersecurity. Prior to that, Daniel served as a litigator for several small law firms, handling a diverse caseload that included cases in Real Estate Law (property ownership rights, residential landlord/tenant disputes, foreclosures), Employment Law (minimum wage and overtime claims, discrimination, workers’ compensation, labor-management relations), Construction Law, and Commercial Law (consumer protection law and contracts). Daniel holds a J.D. from the Emory University School of Law and a B.S. in Biological Sciences from Cornell University. He is admitted to practice law in the State of New York and before the State Bar of Georgia. Daniel is also admitted to practice before the United States Courts of Appeals for both the 2nd and 11th Circuits. You can learn more about Daniel by checking out his Linkedin profile and his personal page.

assignment house definition

Jose Rivera

Managing Editor

Law Library Disclaimer

assignment house definition

16 people have successfully posted their cases

5 people have successfully posted their cases

10 people have successfully posted their cases

6 people have successfully posted their cases

20 people have successfully posted their cases

7 people have successfully posted their cases

9 people have successfully posted their cases

Can't find your category? Click here

Other categories

Choose the category that best fits your case.

  • Abuse (Child, Domestic, Sexual)
  • Agencies & Administration
  • Automobile (DUI, Crimes, Speeding)
  • Automobiles (Accidents, Insurance)
  • Banking (Business, Consumer, Mortgage)
  • Bankruptcy (Business, Consumer)
  • Bars & Restaurants
  • Business Formation & Dissolution
  • Children (Adoption, Custody, Support)
  • Class Actions (Bad Drugs, Products)
  • Commercial Law and Contracts
  • Commercial Real Estate
  • Constitutional Law
  • Construction (Disputes, Liens)
  • Credit (Collections, Rights)
  • Criminal Defense (General/Other)
  • Discrimination/Harassment (Age, Sex)
  • Eminent Domain or Condemnation
  • Employment Contracts
  • Entertainment & Media
  • Environmental Law/Zoning Regulation
  • Family Law (General/Other)
  • Faulty/Defective Products/Services (Auto, Drug)
  • Financing & Taxes
  • Government (General/Other)
  • Health Care & Insurance
  • House or Condominium
  • Husband & Wife
  • Injuries (Personal, Workers Comp)
  • Injury Accidents (Auto, Wrongful Death)
  • Insurance (Auto, Health, Life, Property)
  • Intentional Injuries (Assault, Bites)
  • Investments (Annuities, Securities, IPOs)
  • Landlord/Tenant
  • Malpractice (Medical, Professional)
  • Parents (Elder Law/Care, Medicare, SSI)
  • Patents, Copyrights, Trademarks, etc.
  • Pay and Benefits
  • Personal Crimes
  • Police, Prosecutors and Government
  • Probate & Contested Wills
  • Property Crimes
  • Real Estate/Property (General/Other)
  • Social Security
  • Transportation (Air, Rail, Sea, Truck)
  • Unfair Competition
  • Visas, Citizenship, Deportation, etc.
  • White Collar Crime
  • Workers' Compensation
  • Wrongful Termination

Need a Lawyer?

Submit your case to start resolving your legal issue.

Follow us on Social Media.

  • Follow @LM_RELaw

House censures Rashida Tlaib as she defends comments over Israel: 'Palestinian people are not disposable'

assignment house definition

WASHINGTON – The House voted Tuesday night to censure the only Palestinian American in Congress, Rep. Rashida Tlaib, D-Mich., over her remarks on the Israel-Hamas war.

The move to censure Tlaib in a resolution introduced by Rep. Rich McCormick, R-Ga., was approved in the House by a vote of 234 - 188. Most House Republicans voted in favor of the measure along with a handful of House Democrats.

Rep. Brad Schneider, D-Ill., who is Jewish and one of the Democrats who voted to censure Tlaib, said the resolution was not perfect "in its language or form" in a statement but said he thought there was "no other recourse but to vote to censure her."

"It is the only vehicle available to formally rebuke the dangerous disinformation and aspersions that Rep. Tlaib continues to use and defend," he said.

House Republicans successfully defeated a Democratic attempt to set aside the resolution – in a procedural move known as a motion to table – earlier on Tuesday afternoon. Following the motion to table, Tlaib, surrounded by her fellow progressive colleagues, delivered an impassioned speech on the House floor while holding back tears.

“I can't believe I have to say this but Palestinian people are not disposable. We are human beings,” Tlaib said Tuesday afternoon, holding up a framed picture of her grandmother. “Just like my grandmother, like all Palestinians, who just wants to live her life with the freedom and human dignity we all deserve."

The resolution targeted Tlaib’s public statements about the Israel-Hamas war and accused her of “promoting false narratives regarding the October 7, 2023, Hamas attack on Israel and for calling for the destruction of the state of Israel.”

Among Tlaib’s comments that have caused the most controversy in Congress is her use of the phrase “from the river to the sea,” a pro-Palestinian slogan that Israel’s supporters say is antisemitic and a call to destroy the state of Israel. 

Tlaib got more pushback from her colleagues after saying in a post on X, formerly Twitter, that the phrase is “an aspirational call for freedom, human rights, and peaceful coexistence, not death, destruction, or hate.”

On the House floor, Tlaib emphasized her comments on the war are aimed exclusively at the Israeli government and not Jewish people. She has called for a ceasefire in the conflict as Israel continues its bombing of Gaza which threatens Palestinian civilians. 

“My criticism has always been of the Israeli government and (President Benjamin) Netanyahu’s actions,” Tlaib said. 

“Speaking up to save lives, Mr. Chair, no matter faith, no matter ethnicity should not be controversial in this chamber. The cries of Palestinian and Israeli children sound no different to me,” she added. “What I don’t understand is why the cries of Palestinians sounds different to you all.”

Tlaib survived a previous attempt last week by conservative firebrand Rep. Marjorie Taylor Greene, R-Ga., to censure her also over her comments on the war. Those efforts were killed in a motion to table mainly due to Greene’s language in her resolution which called a pro-Palestinian protest that occupied a House office building an “illegal insurrection.”

After McCormick introduced his resolution on Monday, Greene also brought forth another push to censure Tlaib, this time modifying the language to call the protest an “illegal occupation” instead. 

What is censure? Here's what the term means and how it is used by lawmakers

assignment house definition

Michigan Rep. Rashida Tlaib has made headlines after being censured by the House this week. So what does censure mean?

Tlaib, the only Palestinian American in Congress, felt the disapproval of her colleagues in Congress on Tuesday when the vote to censure her was approved. While there is no practical effect that comes from the censure, it is a severe reproach from one's colleagues. In Tlaib's case, it stemmed from her stance on the  Israel-Hamas war .

But Congress is not the only one that censures people.

In October , Franklin Alderman Matt Brown asked for a vote to censure former alderman and then mayoral candidate Gabrielle Hanson at the next board meeting, on Nov. 14, or by special session. This was once again brought about by Hanson's alleged ties with a Tennessee Active Club group that has been identified as a  white nationalist hate group  by the Southern Poverty Law Center and members that openly voiced their support of Hanson.

Hanson lost the election for Franklin's mayor.

What is censure?

Censure has been long viewed as a punishment of last resort .

It admonishes someone for something that is perceived as a serious wrongdoing and informs the public of formal disapproval of the wrongdoing. Many organizations use censures on people usually in a leadership role, but we mainly hear about lawmakers facing with censure.

Rep. Steve Cohen: Here's why I voted to censure my fellow Democrat, Rashida Tlaib

What does censure mean in Congress?

Censure of lawmakers comes just one step below expulsion and usually is triggered only for the most grievous wrongdoings.

In the U.S. Congress Tlaib and Rep. Marjorie Taylor Greene, R-Georgia, — who was up for censure over her past statements in support of fringe conspiracy theories — were both up for censure in October, neither was at the time. Tlaib was censured on Tuesday.

Votes for censure used to be few and far between, but have become commonplace amongst today's congressional members.

  • Share full article


Supported by

President’s War Against ‘Fake News’ Raises Alarms in South Korea

He calls fake news an enemy that threatens democracy. Critics of President Yoon Suk Yeol say he is silencing journalists in the name of fighting disinformation.

President Yoon Suk Yeol, wearing a white face mask and a dark suit and standing on a red carpet, addresses journalists. Some are extending microphones in his direction.

By Choe Sang-Hun

Reporting from Seoul

Allies of President Yoon Suk Yeol are attacking what they see as an existential threat to South Korea, and they are mincing few words. The head of Mr. Yoon’s party has called for the death sentence for a case of “high treason.” The culture ministry has vowed to root out what it called an “organized and dirty” conspiracy to undermine the country’s democracy.

In this case, the accused is not a foreign spy, but a Korean news outlet that has published articles critical of Mr. Yoon and his government.

The president, a former prosecutor, is turning to lawsuits, state regulators and criminal investigations to clamp down on speech that he calls disinformation, efforts that have largely been aimed at news organizations. Since Mr. Yoon was elected last year, the police and prosecutors have repeatedly raided the homes and newsrooms of journalists whom his office has accused of spreading “fake news.”

Some South Koreans accuse Mr. Yoon of repurposing the expression as justification for defamation suits and to mobilize prosecutors and regulators to threaten penalties and criminal investigations. Many are exasperated that their leader has adopted the phrase, a rallying cry for strongmen around the world that is also further dividing an increasingly polarized electorate at home.

South Koreans are proud of the vibrant democracy and free press they won after decades of military dictatorship, and, more recently, of their country’s growing soft-power influence .

Mr. Yoon may be best known overseas for aligning his country more closely with the United States​ — and for his rendition of “American Pie” at ​the White House. He espouses “freedom” in speeches, but his 18-month-old presidency has been characterized by a near-constant clash with the opposition and fears of censorship and democratic backsliding.

Leaders of the democratic world have all grappled with how to counter the corrosive effects of disinformation online. But Mr. Yoon’s critics, including the liberal opposition and journalists’ associations, accuse him of suppressing speech in the name of fighting disinformation. In a survey this year, a majority of local journalists said they felt press freedom was regressing under Mr. Yoon.

“It’s dangerous to leave it to the government to decide what fake news is,” said Pae Jung Kun, a journalism professor at Sookmyung Women’s University in Seoul. “It undermines the news media’s ability to hold the government to account.”

Mr. Yoon’s crackdown intensified in September, when his office singled out an independent news organization for a report it published last year.

Prosecutors ransacked the homes and offices of two reporters from Newstapa, which ran the article. Journalists from other outlets were also targeted, their cellphones and files​ confiscated to collect criminal evidence of defamation. The authorities have rarely taken such measures since South Korea democratized in the 1990s, though that has changed under Mr. Yoon. Government regulators fined three cable and TV channels​ that had picked up the Newstapa article​, also accusing them of spreading “fake news.”

The article that earned Newstapa the ire of Mr. Yoon was published three days before ​his election, in March 2022. It described an allegation that Mr. Yoon, as a prosecutor in 2011, had decided not to indict Cho Woo-hyung, a man ​involved in a banking and real-estate scandal, because of​ lobbying by a prosecutor turned lawyer. Mr. Yoon denied the claim during presidential debates​ and still does​.

Other news organizations had reported on the controversy before. But Newstapa acquired an audio file of a conversation between one of its freelance researchers and Kim Man-bae, a former journalist and a key figure in the scandal, who claimed that he had introduced Mr. Cho to the lawyer, who then used his influence with Mr. Yoon to get the case against Mr. Cho dropped. Newstapa said the freelancer was not on assignment when the conversation took place in 2021 and provided the audio only days before the vote.

After Mr. Yoon was elected, the Newstapa article was largely forgotten — until prosecutors raided the freelancer’s home in September, accusing him of taking $122,000 in bribes from Mr. Kim. The freelancer and Mr. Kim both denied bribery, and Newstapa said it was not aware of any financial transactions between the two when it published the article. But it stood by the decision to report the contents of the audio file and accused ​the president of trying to silence an outlet that refused to toe ​his line.

Mr. Yoon’s justice minister demanded accountability and called for a thorough investigation. The Korea Communications Standards Commission, which typically blocks websites featuring gambling, pornography or North Korean propaganda, said it intended to screen all online media to eliminate “fake news” after its new chairman, a Yoon appointee, called it “ a clear and present danger .”

“If we don’t stop the spread of fake news,” Mr. Yoon told his staff in September, “it will threaten free democracy and the market economy built on it.”

Newstapa was started in 2012 by journalists disgruntled with what they viewed as the collusion of politics, business and the news media. South Korea’s democracy appears rollicking, but its news organizations have long suffered low public trust , as people viewed them as kowtowing to corporate interests and pandering to partisan bias. Newstapa depends on donations to support its staff of 50 and has published investigative reports critical of South Korea’s elites, ​including big businesses and prosecutors.

“We have been a thorn in the eye for Yoon and prosecutors,” said Sim In-bo, a director of content at Newstapa. ​

​Analysts said the outlet had exposed itself to criticism by running an unsubstantiated allegation so close to a hotly contested election. ( Mr. Yoon won by the thinnest margin of any free presidential election in South Korea.) But they also called the government’s response over the top.

“President Yoon, a prosecutor all his life with little experience in politics, has developed a narrow and stern political perspective,” said Kang Won-taek, a political science professor at Seoul National University. “He still acts like a prosecutor. What should be resolved through the political process is taken to law.”

Mr. Yoon ​started as a media-friendly president. He was the first South Korean leader to allow journalists to ask questions when he arrived for work ​in the morning. But that openness did not last long.

After the South Korean broadcaster MBC published what it called a hot-mic clip of the president using an expletive to describe American ​lawmakers last year, he adopted a more hostile stance. Two months later, the next time Mr. Yoon traveled overseas, he banned MBC reporters from his presidential plane. The organization’s “fake news” report, he said, was a “malicious” attempt to create a rift in the alliance with ​Washington.

He also stopped taking questions in the morning.

In South Korea, conservatives and their rivals have both been accused of cracking down on critical news reports when they are in power. When the liberal opposition was in office, it also called fake news “a public enemy” and tried to introduce legislation that would allow hefty financial penalties. The attempt foundered after conservatives pushed back, calling it a “dictatorial” effort to muzzle unfriendly news outlets.

Under Mr. Yoon, the two sides swapped stances. The difference is that the conservative government, rather than trying to introduce a new law, is resorting to an old weapon.

“The government and public figures used libel and slander laws , which broadly define and criminalize defamation, to restrict public discussion and harass, intimidate or censor private and media expression,” the U.S. State Department said in its​ annual human rights report on South Korea in March.

Convictions on defamation charges in South Korea, which are based on whether what was said was “in the public interest” and not on its veracity, can result in fines or up to seven years’ imprisonment.

Mr. Yoon’s office said it had to take legal action to prevent disinformation from spreading and being accepted as fact. But the government’s definition of fake news has raised questions about how to draw lines between disinformation and free speech.

The Foreign Ministry sued MBC after it refused to retract its hot-mic report. Since Mr. Yoon took office, the police have repeatedly raided the offices and homes of reporters and producers at The Tamsa , a YouTube channel that reported on corruption allegations involving Mr. Yoon, his wife​, his mother-in-law (who is in prison for forgery) ​and his justice minister. And in September, prosecutors raided the office of JTBC, a cable channel that reported the same allegation against Mr. Yoon as Newstapa. The authorities have searched the homes or offices of four other journalists who reported similar claims before the election.

South Koreans, distrustful of traditional media, have increasingly migrated to YouTube and other online sources for news. These platforms wielded huge influence during the last presidential election, spreading openly partisan views.

“The so-called new media outlets are more aggressive in gathering and distributing facts on key issues of the moment than traditional media,” said Ahn Soo-chan, a journalism professor at Semyung University. “And political power becomes more aggressive in trying to control them.”

Choe Sang-Hun is the lead reporter for The Times in Seoul, covering South and North Korea. More about Choe Sang-Hun


  1. Diorama assignment: House

    assignment house definition

  2. Week06-11 Assignment

    assignment house definition

  3. Essay Writing Strategies

    assignment house definition

  4. Assignment proofreading

    assignment house definition

  5. DAE_3D1_End assignment_House

    assignment house definition

  6. Review: Assignment House

    assignment house definition


  1. The Environment of My House


  1. Assignment of Contract In Real Estate Made Simple

    A real estate assignment contract is a wholesale strategy used by real estate investors to facilitate the sale of a property between an owner and an end buyer. As its name suggests, contract assignment strategies will witness a subject property owner sign a contract with an investor that gives them the rights to buy the home.

  2. Assignment of Mortgage definition and explanation

    Definition of "Assignment of Mortgage" The act of transferring a mortgage from one party to another is called assignment of mortgage. What does Assignment of Mortgage mean: The most common example of an Assignment of Mortgage is when a mortgage lender transfers/sells the mortgage to another lender. This can be done more than once until the ...

  3. What Is an Assignment in Real Estate?

    An assignment (or assignment of contract) involves one party to a contract assigning their contractual rights and responsibilities to a third party. In turn, the third party fulfills the terms of the contract. REtipster does not provide legal advice. The information in this article can be impacted by many unique variables.

  4. Understanding the Assignment of Mortgages: What You Need To Know

    A mortgage is a legally binding agreement between a home buyer and a lender that dictates a borrower's ability to pay off a loan. Every mortgage has an interest rate, a term length, and specific fees attached to it. Written by Attorney Todd Carney . Updated November 26, 2021 Table of Contents Assignment of Mortgage - The Basics Home Loan Documents

  5. Assignment Clause

    An AC is part of a contract governing the sale of a property and other transactions. It deals with questions regarding the assignment of the property in the purchase agreement. The thrust of the assignment clause is that the buyer can rent, lease, repair, sell, or assign the property.

  6. A Guide to Assignment of Contract in Real Estate

    Last updated: Jul 13, 2021 • 4 min read Assignment of contract involves one party transferring the rights of a real estate purchase agreement to another party. This real estate investing strategy can involve time and financial pressure, but the assignor can potentially make a quick buck.

  7. Real Estate Assignment of Contract Explained

    Assignment of contract is a little-understood yet lucrative real estate investment strategy. Read this blog if you want to learn more about this topic. ... She assumes the duty of buying the house from Mary at the agreed-upon terms and conditions. By assigning the contract, John avoids the need to secure financing. Plus, it eliminates the risks ...

  8. Assignment (law)

    Procedure The assignment does not necessarily have to be in writing; however, the assignment agreement must show an intent to transfer rights.

  9. Assignment of Lease: Definition & How They Work (2023)

    The assignment of lease is a title document that transfers all rights possessed by a lessee or tenant to a property to another party. The assignee takes the assignor's place in the landlord-tenant relationship. You can view an example of a lease assignment here .


    the process of giving a particular job or piece of work to someone, or of sending someone to a chosen place to do a job: assignment of the various tasks Fewer examples It was a plum assignment - more of a vacation really. He took this award-winning photograph while on assignment in the Middle East.

  11. What is an Assignment Sale?

    What is an Assignment Sale? It is the sale of a contract to purchase a pre-construction unit. This means, instead of selling an already built unit, what's being sold is the contract or right to acquire the property upon completion. The original purchaser (the "assignor") of a property sells their obligations under the original contract to a ...

  12. Assignment Definition & Meaning

    The meaning of ASSIGNMENT is the act of assigning something. How to use assignment in a sentence. Synonym Discussion of Assignment.

  13. assignment

    appointment. Law the transference of a right, interest, or title, or the instrument of transfer. a transference of property to assignees for the benefit of creditors. Medieval Latin assignāmentum. See assign, - ment Middle English assignament 1350-1400 1, 2. obligation, job. 1. See task.

  14. Housing Assignments Definition

    Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage. Lease Assignment has the meaning set forth in Section 3.6 (d). prospective assignment means an assignment that is intended to be made in ...

  15. What's the difference between a mortgage assignment and an ...

    An assignment transfers all the original mortgagee's interest under the mortgage or deed of trust to the new bank. Generally, the mortgage or deed of trust is recorded shortly after the mortgagors sign it, and, if the mortgage is subsequently transferred, each assignment is recorded in the county land records.

  16. What Is Assignment Of Mortgage?

    An assignment of mortgage is a legal term that refers to the transfer of the security instrument that underlies your mortgage loan − aka your home. When a lender sells the mortgage on, an investor effectively buys the note, and the mortgage is assigned to them at this time. The assignment of mortgage occurs because without a security ...


    assignment definition: 1. a piece of work given to someone, typically as part of their studies or job: 2. a job that…. Learn more.

  18. ASSIGNMENT definition and meaning

    ASSIGNMENT definition: An assignment is a task or piece of work that you are given to do, especially as part of... | Meaning, pronunciation, translations and examples

  19. What does assignment the house mean?

    Definitions for assignment the house as·sign·men·t the house This dictionary definitions page includes all the possible meanings, example usage and translations of the word assignment the house. Did you actually mean aeschynanthus or asyndetic? How to pronounce assignment the house? David US English Zira US English

  20. What Is An Assignment Of Contract In Real Estate?

    An assignment of contract in real estate is when the original party who has a piece of real estate transfers their contractual obligations to that of a new party. Assigning real estate contracts is a common way to "flip" real estate without having to come out of your pocket with any capital.

  21. What is an Assignment? Legal Definition

    Assignment is a legal term referring to the transfer of a right from one party to another. It plays an important role in both contract and property law. ... Assignment is a legal definition that refers to the transfer of rights, property, or other benefits between two parties. The party allocating the rights is known as the "assignor ...

  22. Assignment of Mortgage Laws and Definition

    An assignment of a mortgage refers to an assignment of the note and assignment of the mortgage agreement. Both the note and the mortgage can be assigned. To assign the note and mortgage is to transfer ownership of the note and mortgage. Once the note is assigned, the person to whom it is assigned, the assignee, can collect payment under the ...

  23. House censures Rashida Tlaib over Israel, Palestine comments

    WASHINGTON - The House voted Tuesday night to censure the only Palestinian American in Congress, Rep. Rashida Tlaib, D-Mich., over her remarks on the Israel-Hamas war. The move to censure Tlaib ...

  24. Lauren Boebert's Lack of Lawmaking Knowledge Revealed in House Debate

    The Colorado MAGA representative proved she doesn't know much about lawmaking in a discussion on the House floor with Maryland Democrat Steny Hoyer. In the video, Hoyer begins, "I asked the ...

  25. What Is an Assignment of Contract?

    An assignment of contract occurs when one party to an existing contract (the "assignor") hands off the contract's obligations and benefits to another party (the "assignee"). Ideally, the assignor wants the assignee to step into his shoes and assume all of his contractual obligations and rights. In order to do that, the other party to the ...

  26. Rep. Rashida Tlaib was censured by congress. What does that mean?

    Tlaib, the only Palestinian American in Congress, felt the disapproval of her colleagues in Congress on Tuesday when the vote to censure her was approved. While there is no practical effect that ...

  27. When NCAA Loses House Case Title IX Will Save Women's Sports

    The non revenue generating women's sports, will survive in the new order because Title IX will save the day but non generating men's sports will not fare so well. Title IX provides that ...

  28. Korean President's Battle Against 'Fake News' Alarms Critics

    President's War Against 'Fake News' Raises Alarms in South Korea. He calls fake news an enemy that threatens democracy. Critics of President Yoon Suk Yeol say he is silencing journalists in ...