Real property rights can be assigned just as any other contractual right. However, special duties and liabilities attach to transfers of the right to possess property. With an assignment, the assignor transfers the complete remainder of the interest to the assignee.

Can you assign liabilities?

At law, assignment is the term used to describe the transfer of a right (the benefit of a contract being a right, specifically, a chose in action). Conceptually therefore, there is no such thing as an assignment of obligations.

Can you assign liabilities under a contract?

An assignment will generally be permitted under the law unless there is an express prohibition against assignment in the underlying contract or lease. ... The assignor normally remains liable unless there is an agreement to the contrary by the other party to the contract.