The list of taxable persons and property in a given area as compiled by the assessor.

One who estimates value of property for tax purposes.

Everything owned by a person or corporation which can be used for the payment of debts.

To transfer property, or an interest in property.

One who receives an assignment (pl. assigns).

A transfer to another of any property, real or personal, or of any rights or estates in said property. Common assignments are of leases, mortgages, deed of trust, but the general term encompasses all transfers of title.

The transfer by a lessee to a third party of the exact interest of said lessee. Differs and should not be confused with sublease (see which). A lease may legally contain certain restrictions of assignments and/or subleasing.

A mortgage that allows the obligation of the borrower to be transferred to the buyer of the borrower’s property secured by the mortgage. If the loan is truly assumable and the transfer is done properly, the originally borrower is relieved of further obligation. See also: “Subject To” Clause; Alienation Clause.

The part (clause) of an assumable mortgage making it assumable. See: Assumable mortgage.

Lender’s charge for paperwork involved in processing records for a new buyer assuming an existing loan.

See: Assumption of Mortgage.

Agreement by a buyer to assume the liability under an existing note secured by a mortgage or deed or trust. The lender usually must approve the new debtor in order to release the existing debtor (usually the seller) from liability.

An organization which helps establish environmental standards in products and property.

A craftsman’s workshop or artist’s studio.

An interior court, centrally located in a structure, which is either uncovered or covered with a transparent or translucent material to admit light.

An act of seizing persons or property by judicial order to bring them within the custody of the court. Most commonly the seizure of property to furnish security for a debt in connection with a pending action.

To witness, to affirm to be true or genuine; to certify.

The clause in a document (deed, mortgage, etc.) in which the witnesses certify that the document has been properly executed.

The space under the roof of a structure but before the top story. May be simply an air space or improved and used.

To turn over; to transfer to another. To agree to recognize a new owner of a property and pay rent to him. See also: Letter of Attornment.