What is meant by an assignment of real property?

An assignment of real property refers to the transfer of rights and interests in a property from one party (the assignor) to another (the assignee). This can involve the transfer of leasehold interests, ownership rights, or other legal interests associated with the property. The assignment typically requires a legal document outlining the terms and conditions, and it may need to be recorded with relevant authorities to be effective against third parties. The assignor may retain some obligations or rights, depending on the terms of the assignment.