{"id":50113,"date":"2026-06-14T21:11:08","date_gmt":"2026-06-14T18:11:08","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?post_type=glossary_term&p=50113"},"modified":"2026-09-21T17:32:23","modified_gmt":"2026-09-21T14:32:23","slug":"assignee","status":"publish","type":"glossary_term","link":"https:\/\/www.commercialcafe.com\/blog\/glossary\/assignee\/","title":{"rendered":"Assignee"},"content":{"rendered":"

An assignee is the party who takes over the rights and obligations of a lease or contract through an assignment. When a tenant assigns a lease, the assignee steps into that tenant’s place and assumes the duties from then on.<\/p>\n

Landlords usually hold the right to approve or reject a proposed assignee, since creditworthiness and fit both matter. Depending on how the assignment is written, the original tenant, the assignor, can stay secondarily liable on the lease even after handing it off.<\/p>\n","protected":false},"excerpt":{"rendered":"

An assignee is the party who receives the rights and obligations of a lease or contract through an assignment, stepping into the original party’s position.<\/p>\n","protected":false},"template":"","glossary_category":[8647],"class_list":["post-50113","glossary_term","type-glossary_term","status-publish","hentry","glossary_category-agents-professionals","wpautop"],"acf":[],"yoast_head":"\nAssignee | CRE Glossary<\/title>\n<meta name=\"description\" content=\"Who an assignee is in commercial real estate: the party taking over a lease or contract, landlord approval, and the assignor's possible continued liability.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/glossary\/assignee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Assignee\" 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