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Reserves.

Last updated 08-20-2026

California Department of Real Estate

Updated 08-20-2026

Reserves.

ASSESSOR — The official who has the responsibility of determining assessed values. ASSIGNMENT — A transfer to another of any property in possession or in action, or of any estate or right therein. A transfer by a person of that person’s rights under a contract. ASSIGNMENT OF RENTS — A provision in a deed of trust (or mortgage) under which the beneficiary may, the loan balance and the costs incurred by the beneficiary. ASSIGNOR — One who assigns or transfers property. ASSIGNS, ASSIGNEES — Those to whom property or interests therein shall have been transferred. ASSUMPTION AGREEMENT — An undertaking or adoption of a debt or obligation primarily resting upon

California Department of Real Estate Glossary

California Department of Real Estate · p. 4

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